Real Estate Market: Buy or Wait?
So, are you considering taking the plunge and acquiring your first place? Sounds like a good idea! This week’s report basically assures us that housing is in full-recovery mode. Sales of new homes spiked 9.6% in July, to an annual number of 433,000 units, when “experts” had expected 390,000 units. This is the largest increase since beginning of 2005. The inventory of new homes is the lowest in 16 years! With numbers and reports like this, very low interest rates, and with federal monetary incentives, it looks like the time for Buyers is now!