The Time is Now for Real Estate

In the article, "The Time is Now for Real Estate" Rich Levin, a real estate coach, suggests this is the best time for first-time homebuyers and investors to purchase property. Interest rates continue to stay low, around 6% and mortgage money is still readily available, usually with only a 3-5% down payment. Don't forget about the $7,500 federal tax credit for first-time homebuyers until April 2009. Foreclosed homes are quickly being purchased by investors who cannot pass up such a great deal. There is pent-up demand in the market since many lifestyle changes including marriages, divorces, births, deaths, young adults going away to college, or getting their first jobs lead to necessary housing changes. Also, the inflation rate has gone up recently, pulling housing prices up with it. Don't miss out on this opportunity!