Real Estate Market Conditions and Mortgage Interest Rates
I just posted a couple of articles on my other blog about the current condition of the real estate market. The news is not all doom and gloom like a lot of print and broadcast media are tying to get us to believe.
All real estate is local. What is happening in one area of the country DOES NOT apply to the entire country. I feel confident by narrowing this even more; what the market is doing in Chicago is not what is happening in the Indianapolis real estate market. IT IS ALL LOCAL.
If a metro area is showing steady job growth, then the housing market for that area is going to be healthy. There are still many metro areas around the country where housing prices are still appreciating at double digit rates.
Here is a link to an article showing the top 10 performing housing markets.
If you are considering buying a new home, GET OUT THERE AND DO IT! Inventories are still good and interest rates are fantastic bargains now. Let's prove the doom and gloom guys they are wrong.