Low Interest Rates Continue in a Buyer's Market

  Low Interest Rates Continue in a Buyer's Market  

     Quality listings abound on the market, with many homeowners pricing their homes at or below their purchased price. Adding to this "dream real estate" climate is the fact that interest rates remain at record lows. These factors continue the "gift giving season" well past the holidays for qualified buyers.  

     Qualified buyers are finding their way back into the market. This past November, "sales of single-family homes hit a seven-month high. Sales rose 1.6 percent for the month, and 9.8 percent over the past 12 months," according to Martha White's article posted on The Bottom Line, msNBC.com

, December 23, 2011. Buyers are taking advantage of the low interest rates and the plethora of quality housing choices now before interest rates and home prices begin to increase, which, according to some analysts, could occur as early as "late 2012 or early 2013,” Zillow chief economist Stan Humphries said in a statement to abcnews.com

, Susanna Kim, December 22, 2011.

     Buyers looking for Real Estate deals still have time to find their dream home or the perfect investment property before the market begins to recover. Jed Kolko, chief economist at real estate site Trulia states that "it's unlikely prices will rise next year in most markets. By that measure most local markets will not recover next year," allowing the qualified buyer time to take advantage of the positive aspects of today's Real Estate market.

     With interest rates hovering around 4%, qualified buyers should contact a local realtor and investigate the bargains to be found on the market. Collegeville Realtor Andrea Szlavik of Prudential Fox and Roach would be happy to field questions concerning buying a home or an investment property in today's market. Her years of experience as not only an Agent but also a Broker will help buyers confidently navigate through the process. Szlavik and her team of highly skilled Realtors will take buyers from the qualifying stage to the settlement table, always available to answer questions and make the process as smooth as possible. Szlavik may be reached by calling 610-420-8353, or visit her webpage at www.a2zRealtorPA.com.

Prudential Fox & Roach, REALTORS®, the nation’s fifth largest provider of total home services in the United States, is an independently owned and operated member of the Prudential Real Estate Affiliate, Inc. (PREA), the largest Prudential affiliate in the PREA network and the largest broker in the country operating in a single market. As the Tri-State area’s real estate leader, the company has more than 60 sales locations and 3800 associates. Through its affiliate, the Trident Group, the company provides one-stop shopping and facilitated services to its clients including mortgage financing and title, property and casualty insurance. Visit our Website at www.prufoxroach.com

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