In the news today: Warren Buffet said he is very optimistic about the future of the economy and sees signs of a turnaround in the real estate market. Making now the perfect time to benefit from today’s affordable home prices and historically low interest rates. (I’ll be preparing a special post about the Home Affordability Index and how it effects all real estate and loans in Rosville very soon)
When your Realtor tells you “now is a good time to buy” they may just be trying to get you in the right frame of mind to get out there and become a homeowner, but they would also be right. With home prices and mortgage rates at all time lows here in Roseville there really has not been a better time in recent memory. And it will change… As the economy recovers, both interest rates and housing prices will follow suit. Locking in current home prices as well as a low mortgage interest rate a buyer can’t go wrong. But don;t take it from me, take it from Mr Buffet!
-The Roseville Home and Loan Expert ~ Greg