Mortgage rates are inching up, but are still historically low. As the interest rates inch higher, those who’ve been considering buy a home, enter the market with serious intentions. Buyers are getting off the fence and into the market, and they certainly should!
The National Association of Realtors released data showing that Housing Affordability set a new record in November 2010. The relationship between mortgage rates, home prices and family income is the most favorable ever recorded for home buying.
Home prices in our North Texas area remain stable – not what you may wish for, but stable. Inventory will increase as we approach spring, it always does, so beat the rush and get your home on the market while buyers still have fewer choices.
If you want to be in a different living situation and selling your home will help, then NOW is a great time to list your home.