Why buy up in today’s “down” market? Today’s market provides the perfect environment for upgrading your home. A simple example of how this works is shown below: Sell a $300000 house that has gone down 10%=30000 Loss of $30,000 Buying a $600000 house that has gone down 10%=60000 Save $60,000 Net effect to a buyer […]
Archives for January 2009
Happy New Year!
The New Year has kicked off with a surge of activity. I think buyers have finally realized it is time to jump off “the fence” and take advantage of low rates and low prices. Today, for a conforming loan, interest rates are under 5% with no points. Jumbo loans are still high 7 or low […]