House Prices and Interest Rates Low

May 9, 2011 at 3:24 pm | Posted in Uncategorized | Leave a comment

House prices are low, meaning there are good bargains out there for home buyers, either to live in or as an investment. Pre-foreclosures, short sales, and bank owned properties, called REO's, are plentiful and some have been fixed up by the banks, including new carpet and paint, and are ready to move in.

Interest rates are still well under 5% and there are good financing packages available, particularly for first time home buyers, including money for down payment assistance for qualified buyers.

Drop in home values means good news for home buyers. Large homes at rock bottom prices!

http://business.financialpost.com/2011/05/09/u-s-home-values-see-biggest-drop-since-2008-zillow/