Homeownership Makes $ense .. Part II
Last month’s Post discussed the Rent vs Buy logic in our local market. It does make sense! This month I want to share some quotes from the ‘experts’ regarding the health of the Real Estate market… both locally and nationwide.
Beacon Economics “Forecasting a steady but prolonged recovery for California”
Moody’s Analytics “Housing is the most affordable it has been in decades”
Prudential Relocation Services “According to a recent survey….86% [buyers and sellers] believes that real estate is still a good investment”
United States Conference Board “The consumer Confidence Index is now at a three-year high”
“What about Interest Rates?”
Mortgage Rate Trend Index by Bankrate.com “This week (March 24-March 30) the panelists were evenly split (at 47%) among those who believe rates will rise and those who think they’ll (interest rates) remain unchanged. A scant 6 percent believes mortgage rates will fall.
Almost half of all mortgage lenders believes rates will begin to rise next week… virtually all agree that rates will rise very soon. If you know someone who is thinking of buying AND taking advantage of historical low rates … now is that time and I can help!
Extra, Extra !!! My California Association of Realtors (CAR) has just launched this new site today! shortsalescalifornia.org. It is a great consumer resource for Short Sale advice and information.