Buyers who were unable to take advantage of the
homebuyer tax credit need not worry they missed the boat.
Even without the tax credit, it is still a very good time to buy a
home.
One of the most attractive aspects of today’s market is low
interest rates. Despite the end of federal programs to hold
down rates at the end of March, mortgage rates remain at
historic lows. This allow buyers to get more home for less, and they can enjoy a
lower monthly payment for the full term of the loan. In addition, homes continue
to be affordably priced and there is a large selection from which to choose.
These lower prices and rates have led 72 percent of Americans polled by Gallup
to believe now is a good time to purchase a home. The poll also showed that 77
percent of respondents felt that home values in their area would stabilize or
increase in the coming year. This is great news for consumers considering a
purchase now since it should reassure them that their new home will not lose
value right away.
Recent surveys showed that consumers currently shopping for homes will not be
deterred by the end of the tax credit. Will you?
