Homebuyers are optimistic these days. Here are 3 possible reasons why: 1. Lending is Getting Easier Over the past several years, mortgage rates have been at historical lows. This has meant that homes are actually more affordable, in spite of the increase in prices. However, lending has been very tight. Fortunately, that’s changing. Loans are being approved more
Over the last ten years we have seen the air let out of the market. Property values declined and mortgage backed securities had collapsed, new housing starts were down and in general, buying a home was just not a good investment. We have all heard the saying "Buy low and sell High". Well it is true
We had anticipated a housing boom after the mortgage crash in 2007. For years banks were not lending money, property values were dropping, and banks in general were not looking to lend dollars on a declining market that had not bottomed out yet. Since then the market has bottomed out and it is now turning upward.
