More Positive News for the Housing Market!
Across the board – from newspapers to financial experts the news is repetitive, Now is a Great Time to Buy a Home! It’s not just the advice about housing prices – or affordability – or the economy – it’s also because it’s going to cost more to obtain a mortgage to buy that home. Interest rates have been at record lows – and they will go up – but that’s not the most immediate problem for buyers. Fees and more stringent requirements for mortgage applicants are going to add to the cost of buying a home.
The Wall Street Journal – “From Bottom Up, Signs of Housing Recovery”
USA Today – “Housing Outlook is More Upbeat”
Washington Post – “Housing Market and Economy Showing Encouraging Signs”
Newsday – “Americans feeling better about economy”
Newsday – “Homes sales up”
A report from HUD states that “Homes today are more affordable for average families than they have been since 1971. Median-income families today have nearly double the funds needed to purchase the average home.”