Friday, October 29, 2010

2010 - Not your Grandfather's Real Estate Market !

Welcome to 2010 and the best home buyer's opportunity we are likely to see in your lifetime and mine.  Thanks to the information age we have been flooded with advice both good and not so good.  Consider this:


  • Despite rumors to the contrary, banks and mortgage companies are open for business and are  lending money to qualified buyers.  Although lending guidelines have tightened,  loans are being funded in record numbers.  Lenders are hiring more workers to underwrite and process loans !

  • Zero and low down financing programs are available.

  • Home prices are much lower. Mortgage interest rates are at historic lows which should put a  smile on your face and give you bragging rights at social events for the rest of your life.

  • First time buyers in particular can jump in the shallow water now  and ride the wave upward.

  • Experts recently estimated ( and announced on K5 News ) we will see a 30 - 40% increase in property values by 2014 here in the Pierce, Kitsap, King County region.


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