That is the message that the mortgage brokers are putting out these days. They are also saying it is a great time for first time home buyers.
Well if it is good for first time home buyers then it is great for all other buyers.
Today’s prices are low low low. This mostly due to all the short sales and foreclosures brought on by the last big real estate boom for sellers .
And as any one knows who has been in the industry for more than 20 years we are in the next cycle , buyers market.

Interest rates are historically low. Back in October 1981 the rates were 18.45% . The medium national home price was $66,000 and the national income was $22,161. According the data used to determine the “Affordability Index” you needed 2 median incomes to qualify to buy a home.

Now fast forward 29 years later. 2010 the interest rates are in the 4% area, the national median income is $60,671, the median national home price is $181,600. Today you need 2/3 of one median income to qualify and buy a home.

This is a “Opportunity of a Life Time” take advantage of it . It will change . It always does. We here at Beach Bum Realty have expert mortgage brokers as our affiliates. We can refer you to a broker who will work for you to make that dream come true.

Feel free to contact me at therese@theresekeys.com to chat about the home you want and how to make it happen.