Friday, January 05, 2007
A market prediction
The housing market has been big news for the past year and real estate agents have certainly felt the effects of the slowdown. But being in sales, we are naturally optimistic at heart, and there are a few signs that the market in 2007 will be robust, which is a fancy real estate word for good.
Here's why. Mortgage interest rates are low. You can get a 30 year fixed rate mortgage for under 6 percent, which is darn good. Also, I am seeing a lot of houses coming on the market after the holiday, which means people are anxious to get their houses sold. It also appears that sellers are pricing their homes more realistically, which should entice buyers to act before the spring market heats up.
You will read about how the market has improved in the newspaper and see it on TV in a month or so. But you heard it here first.
Here's why. Mortgage interest rates are low. You can get a 30 year fixed rate mortgage for under 6 percent, which is darn good. Also, I am seeing a lot of houses coming on the market after the holiday, which means people are anxious to get their houses sold. It also appears that sellers are pricing their homes more realistically, which should entice buyers to act before the spring market heats up.
You will read about how the market has improved in the newspaper and see it on TV in a month or so. But you heard it here first.
