Most signs and economic indicators point to a recovery cycle in the real estate market with price stabilization. Previous perceptions of a flood of foreclosure properties are not materializing, and in fact, foreclosure filings are down. Nationally, 7.5 million homes are at least 90 days late on their mortgage. Banks are moving more aggressively toward “short sale” solutions versus foreclosing and taking an immediate loss on their books.
 
• The Fed has stopped its tax credit program, which resulted in new home sales up 15% to a two year high.
 
• The Fed is moving away from buying mortgage backed securities and leaving that to private sector forces.
 
• Many experts believe it’s inevitable that the Fed’s next step is to raise interest rates after having “controlled” them at VERY historically low rates.
 
Smart homeowners see an ideal opportunity to “move up.” Distressed sales in your move up range offer great values. That combined with the low interest rates (for how long?) makes this an ideal time to explore selling and moving up. Everyone’s situation is unique, but I’ll be happy to offer a no-obligation meeting to see if it’s right for you. Call or email me!

702-528-2559
Farnham.Matt@gmail.com
www.MattFarnham.com