With the holidays quickly approaching, we typically see the real estate sales market slow down. We expect sales to remain somewhat slower through the holidays and into the first quarter of 2011. We are hopeful that we'll see an increase in activity come springtime.
If interest rates remain low, there should be no reason for buyers to remain on the fence. They will miss the opportunity and kick themselves for waiting. The only way we'll know when the best time to buy might be, is when it is past!
For those who already own, if you can reduce the interest rate by one point, you should consider refinancing to maximize your investment. I recently refinanced my mortgage. I saved enough on the monthly payment to pay for my electric bill.
Why wouldn't anyone want to take advantage of the low interest rates??
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