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Jorge Alfaro's Blog

By Jorge Alfaro | Agent in Hawthorne, CA

WHEN WILL BE A GOOD TIME TO BUY HOMES ? IS NOW A GOOD TIME 2012?

THE YEARS 2012-2013 WILL BE ONE OF THE GREATEST BUYERS MARKET TO BUY!

The Real Estate Market crashed in the year 2008, foreclosure waves hit its highest in 2009-2011. This was one of the worst forclosures activity in the US we have seen since the Great Depresison!

Bad loans issued in 2005-2007 were out of the market by short sale and foreclosures during 2008-2011.

Many experts in the industry say that the bottom is here, the Market is trying to recover but of course it will take some time, maybe up to a year.

Interest rates have been at a historic low. The Federal Reserve just announce that they will continue to keep interest rate low for the next 2-3 years beacuse the unemployment rate of this country is still high.

Home prices are medium low, and interest rates are low-low. The year 2012-2013 will be one of the best years to buy.


OBJECTIVE REAL ESTATE

6399 WILSHIRE BLVD SUITE 908
LOS ANGELES, CA, 90048
Office: 213-417-3898
Cell: 310-486-2132
Fax: 877-310-3002
www.objectivere.com

Comments

By Sheryl Arndt,  Sun Sep 16 2012, 11:25
Yes, absolutely with record low rates in the 3% and prices back 10 yrs. The time is now especially with loan programs that qualify you with as low as 500 fico score with 10% down and only half percent down programs with minimum 580 fico score.

Sheryl Arndt, Broker - Loan Officer
DRE# 01140252
NMLS# 297251

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