Is It a Good Time to Buy A House Now?
Is It a Good Time to Buy Real Estate Now?
With real estate being in a declining market for the last 6 years, many people have put aside that "American dream".
Well, you might be happy to hear that real estate markets have officially made a strong come back the end of last year, according to Standard and Poor Home Indexes, released on Feb 26th.
According to S&P Case-Shiller Home Price Index, the national composite posted an increase of 7.3% for 2012. The 10- and 20-City Composites reported annual returns of 5.9% and 6.8% for the same year.
The cities that got the most gain last year are Phoenix with 23% gain, Detroite 13.9%, San Francisco 14.4%, Las Vegas 12.9%, and Minneapolis 12.2%. According to Zillow, Orange County has gained around 15% as well.
Also, Zillow says they expect home prices to gain about 9% for 2013 in many areas, including Orange County. We believe the gain will be at least 15% this year though because everybody who can afford a house but has been waiting on the sideline will come out and start their home buying campaign now.
So, hurry! Don't let this opportunity get you by.Â We can help you buy your next home with 1% cash back promotion. Please call 888-478-2833x101 for more information NOW!