California Home Prices Continue to Climb
According to an article published on Yahoo News on February 14, 2013 homes sold in California are up 2.7 percent in January compared to the same period last year. the main source of the findings, DataQuick, reported that there were 28, 871 houses and condominiums sold in January.
If you hold off on purchasing a property,
prices may soar to amounts
beyond what you can afford right now.
Mortgage is Low and Stable
The article reports that indicators of market distress are declining. It added that “Foreclosre activity is low and remains well below peak levels reached several year ago. Financing with multiple motgage is low, sizes are stable.”
Take advantage of this buyer’s market
while rates are low
and you are able to secure a mortgage
before the rates start to climb back up.
Property Prices are Up Nearly 23%
“The median price paid for a home was $290,000, up nearly 23% from January of 2012.” SOURCE: http://news.yahoo.com/california-home-prices-sales-january-210257108.html
If you buy your home now, chances are,
the value of your property will ascend
along the makrket values
as it coninues to steadily increase.
You may be gaining equity on your investment,
sooner than you think.
Foreclosure and Short Sale Sales are Down
Another good market indicator of the improving real estate scenario. Based on the report, “foreclosed homes accounted for fewer than a fifth of home sales.”
Demand is high and supply is low
and your options for buying a home
that fits your nneds, in your desired area,
may be dwindling.
Call now & Get started on your Pre-Qualification Before it’s too late!
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