Here is an excerpt from a recent article in Builder magazine. It shows what has become the new theme which is telling me ( or is it a warning?) that it is time to buy. Everything points to recovery in our real estate market, certainly here in Polk County, Fl with all the new jobs being created and the accompanying growth that goes along with that. Are prices going to increase at a rate we saw in 2005? NO but they are not going to fall and the interest rates are at an all time low so take advantage of the lower pricing now before they start to rise and enjoy a historically low interest rate for the next 30 years!
Former Housing Cynic Chris Thornberg Says It’s Time to Buy
To support his optimism, the economist points to high levels of affordability, declining delinquency rates, and shrinking supply.
- By:
- Claire Easley
He had a point.
But these days he’s feeling quite different. “When you look at interest rates and the price of homes relative to people’s income, you see affordability is really, really good right now,” he told Builder in a phone interview this week. “In a lot of markets in the U.S., the degree to which affordability has improved makes this a time that you want to get involved in the market.”
Call me I will show you how you can be in a home with little or No money down for close to or less than what you are paying a Landlord right now!
Janet Backman
New Home Specialist
Southern Homes of Polk County
866-575-4562
