Many people have been asking me what we should expect from the Real Estate market over the next year. The good news is that it looks like the worst is over! According to Coldwell Banker's Reality Check,
“The job market is improving, pent-up housing demand is growing, foreclosures have crested and the decline in home prices has narrowed; all signs that the worst is over. For the most part, declines have run their course, markets have stabilized—albeit at very low levels—and conditions for a recovery are in place.”
We’re anticipating that over the next year we will see small increases in both home sales and median home price as the housing market and general economy struggle to find their sea legs. "
We’re anticipating that over the next year we will see small increases in both home sales and median home price as the housing market and general economy struggle to find their sea legs. "
Click on the graphic below to read the full article.
So what does this mean for you? If you are one of the many people who have been considering buying a home, but are waiting on the sidelines before jumping into the game, now is a GREAT time to buy! Interest rates are still low, but are expected to start rising again soon. Home prices in Utah County are about as low as we will ever see them, so if you've been waiting for the perfect time to buy, that time is NOW!
Not sure where to start? Call or email me for information about our first-time home buyer's class that we will begin teaching here at Coldwell Banker. I am happy to help you or someone you know in any way possible.
I hope your 2011 is begun with a great start! Its up to YOU to make it the BEST year ever!
Thanks for visiting, and have a great day!
-Valerie
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