January 2010 E-Newsletter
Buy New Albany Real Estate Now or Wait?
Everyone wonders if home prices have “bottomed out”. And while I can’t say yes, they have or no, they haven’t, what I do know is that interest rates have hit a 50 year low during the past year and all indicators point to them rising in 2010. We are also seeing some loosening of down payment requirements in the home financing arena making it much easier for buyers to trade up or down size.
Finally, buyers have until April 30th to take advantage of the expanded home buyer tax credit (up to $8000 on homes up to $800,000 in value). Call Tony or me for information about the tax credit or to discuss a possible move in 2010!