We know that the job market has seen slow but consistent growth over the past couple of years. We are also starting to see the real estate market turn around as well. As unemployment has fallen below 8% and more people are starting to show some stability in their jobs, first time homebuyers are entering the market and investors are starting to buy again. Between the foreclosure numbers dwindling and home prices rising, it now may be just the right time to call a Coldwell Banker By The Lake realtor.
Couple the increase in prices in the real estate market with the incredibly low mortgage interest rates and you may want to think about purchasing a property or investment some time very soon. Speaking of investors, because property prices had dropped significantly, they are back in the market buying both single family properties and properties in bulk. That in itself means that prices are low enough to make a profit when fixing up to resell.
Take a look at mortgage interest rates. Over the past dozen years or so we've seen rates as high as 8% and now see 30 year mortgage interest rates around 3.5%. If you can get into a 15 year mortgage you will be looking at rates at or around 2.9% as of October 2012. Why are we excited to see these rates? Because they are the lowest that they have ever been. The average homebuyer may save hundreds of dollars a month by buying today as compared to just a few years ago.
Many communities saw prices fall over 30% in the last few years. With such a drastic fall, becoming a homeowner is becoming all the more affordable. In Denver North Carolina, you can find a single family home currently selling for under $35,000 as well as a property currently priced as $3,000,000. With nearly 250 homes currently on the market, there are plenty of choices in properties in the Denver, NC area.
We just received word that we will have the highest hiring in regards to seasonal employment in five years. A Coldwell Banker By The Lake realtor can take you by the hand and show you what may just end up being your next home or investment property.
Couple the increase in prices in the real estate market with the incredibly low mortgage interest rates and you may want to think about purchasing a property or investment some time very soon. Speaking of investors, because property prices had dropped significantly, they are back in the market buying both single family properties and properties in bulk. That in itself means that prices are low enough to make a profit when fixing up to resell.
Take a look at mortgage interest rates. Over the past dozen years or so we've seen rates as high as 8% and now see 30 year mortgage interest rates around 3.5%. If you can get into a 15 year mortgage you will be looking at rates at or around 2.9% as of October 2012. Why are we excited to see these rates? Because they are the lowest that they have ever been. The average homebuyer may save hundreds of dollars a month by buying today as compared to just a few years ago.
Many communities saw prices fall over 30% in the last few years. With such a drastic fall, becoming a homeowner is becoming all the more affordable. In Denver North Carolina, you can find a single family home currently selling for under $35,000 as well as a property currently priced as $3,000,000. With nearly 250 homes currently on the market, there are plenty of choices in properties in the Denver, NC area.
We just received word that we will have the highest hiring in regards to seasonal employment in five years. A Coldwell Banker By The Lake realtor can take you by the hand and show you what may just end up being your next home or investment property.
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