DFW Home Buyers Returning to Market?
“There has never been a better time to buy,” said National Association of Realtors® Chief Economist Lawrence Yun. Historically high housing affordability and low mortgage interest rates, combined with buyer opportunities in the distressed sales and foreclosure markets, have increased DFW home sales. “Housing affordability is at an all-time high, mortgage rates are historically low, and interest rates are the lowest they’ve been since the days of Eisenhower,” said Yun.
Shaun Donovan, U.S. Secretary of the Department of Housing and Urban Development, announced that the Federal Housing Administration is going to permit its lenders to allow qualified home buyers to use the $8,000 tax credit as a down payment. “Now that buyers will be able to use the $8,000 tax credit as a down payment, we should see additional buyers enter the market,” said Yun. The Market has remained one of the strongest real estate markets in the nation. With these new government incentives we should see the DFW Real Estate market continue to strengthen. The summer market will gauge the success of the first-time home buyer tax credit as many buyers who may have been sitting on the fence but are now taking advantage of the great opportunities for fear of being left out of current deals in the market. Many first-time buyers are attracted to discounted and distressed home prices. You may want to consider taking a look at buying a to find a great bargain. Any professional DFW Realtor can help you located these DFW Foreclosure deals using the system. It’s a great time to buy a DFW home!
Shaun Donovan, U.S. Secretary of the Department of Housing and Urban Development, announced that the Federal Housing Administration is going to permit its lenders to allow qualified home buyers to use the $8,000 tax credit as a down payment. “Now that buyers will be able to use the $8,000 tax credit as a down payment, we should see additional buyers enter the market,” said Yun. The Market has remained one of the strongest real estate markets in the nation. With these new government incentives we should see the DFW Real Estate market continue to strengthen. The summer market will gauge the success of the first-time home buyer tax credit as many buyers who may have been sitting on the fence but are now taking advantage of the great opportunities for fear of being left out of current deals in the market. Many first-time buyers are attracted to discounted and distressed home prices. You may want to consider taking a look at buying a to find a great bargain. Any professional DFW Realtor can help you located these DFW Foreclosure deals using the system. It’s a great time to buy a DFW home!
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