Real Estate Outlook: Encouraging

by on August 27, 2009

New housing starts and sales of existing homes have both posted encouraging numbers two months in a row, leading to speculation that the recession/depression may truly be over.

However, there are still some people who are slower to jump on the ‘Happy Days are Here Again’ bandwagon. One of those being, John Walsh, President of DataQuick, who remains cautious when it comes to the positive numbers. Walsh believes ‘we could bounce along’ at these slightly improved numbers ‘for quite a while,’ especially if California’s overall economy continues to splutter.

But, for those of us in the real estate arena, all of this is music to our ears.

If you have ever thought of purchasing a home, now is a great time with interest rates hovering at 5.2% for a 30 year fixed and 4.5 for a 15 year fixed.

Call me, I’d be happy to help guide you through the maze of home-ownership.

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