While I am amazed on a daily basis of the continued heat in the real estate market, I always like reading a few articles to bring me into focus and back down to earth. I have attached a couple of articles, one from our friends at Terra Mortgage, the second somewhat older but still pertinent. While the Fed is keeping a lid on rates in the hopes of spurring the economy, we’re getting both good news and bad. The good is simply that prices have risen from a year ago while the bad is that the economy’s growth is well below what we’d like to see. Add to that the anemic situation inEurope and we have a muddle of factors influencing the market.
But the rates are undeniably good. You need to educate yourself to make an informed decision about whether you want to buy now or wait. Rates will likely go up at some point, but are you confident about the future?