1. Mortgage rates will stay low. Even with rates climbing (maybe to as high as 6 percent by 2012) they are still well below where they have been historically.2. Tax cuts could help. Extending the tax cuts could encourage a more rapid recovery for the economy.
3. Americans want to be home owners. A recent Fannie Mae survey showed that Americans still believe a home is a safe and desirable investment.
4. Builders are about to begin building. Home builders have been sitting on the sidelines. This year, they think pent-up demand will create an appetite for new homes.
5. Homes are shrinking. Homes are getting smaller, which has made them more affordable.
If you are thinking about buying a home in 2011, please contact our office at 619-993-0687 so we can help you start the home buying process.
