It’s time to buy – if you wonder why, here are some facts:
The median sales price of single-family resale homes was 34% less expensive in March 2009 than one year ago according to Sacramento Region MLS Statistics. ($167,500.00 vs. $254,896.00 in March 2008)
Mortgage rates are at historic lows, as low as 4.75% for very well qualified buyers.
A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.
Still not sure you’re ready to jump in, consider this - the California Association of Realtors® will provide first-time homebuyers with Mortgage Insurance that will make your mortgage payments up to $1,500 per month, for up to six months for eligible buyers who lose their jobs due to layoff.
Call me to take advantage of this great time to buy! |