The housing market has continued its rehabilitation of late, a great sign considering the housing crash is the single most important factor that started this recession, according to Casey B. Mulligan, Professor of Economics at the University of Chicago. Says Mulligan:
“Although housing prices should not be expected to return to their 2005 peak any time soon, housing sector data released last week suggest that housing prices can head somewhat higher.”
Couple this news with the fact that mortgage rates are holding at just above 5% but may not do so for long, and it’s obvious now is a fantastic time to buy your new home.
At Heritage Homes, you can save up to $100K on a brand new townhome. Both this offer and the homes will not last for long, so visit Save at Heritage Homes to get started today!
Sources:
[Economix] Good News From the Housing Sector
[MSNBC Business] Mortgage Rates Hold Fast, Still Above 5 Percent
[...] April 28, 2010 by newwestrealty At Heritage Homes, we often mention highlight why now is a great time to buy. Savings of over $100K, mortgage rates holding steady, the soon-to-expire tax credit, and still-low housing prices. [...]