Why Experts Are Advising You Buy Your Home Now!

Written by News Channel 2 on November 8th, 2013. Posted in Chesapeake va real estate, Real estate foreclosure, Suffolk homes for sale

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Right now is, without a doubt, the best time to buy a home. Home loans are easier to acquire than ever before, and mortgage lenders are loaning money at historically low interest rates. This is a wonderful moment in time that should not be passed up on! Homes for sale are just waiting for you to make your move.

Remember the collapse of the housing industry just a few years back? Mortgage lenders had to construct absurdly high rates of interest when it came to homes for sale due to the shortcomings of the economy. Nobody was buying any of the homes for sale. Real estate listings sat idle.

This trend compounded upon itself. Nobody could afford a home, therefore mortgage lenders had to raise interest rates, resulting in even less people being able to afford a home. It was a vicious cycle.