Real Estate Trends

There has never been a batter time to buy Real Estate for the once who can afford payments.  Real estate prices came down 20-40% depending on the area.  Mortgage rate is almost historically low.    I have been searching for a house for past 9 month.  Would it be normal market I would have bought a house long time ago but now I am looking for a deal and the house that I like everything in. I believe there are few out there now.

Here are some useful resources for home buyers I use sometime: 

 

Check current average mortgage rate:

http://www.hsh.com/

http://www.bankrate.com

 

Both sites also have many tools and useful calculators.

S&P/Case-Shiller Home Price Indices  - Very useful resource to see real estate prices history month by month and compare it to historical events.  This will also give you an idea how low prices came down and might give you some intuition on where it might be heading.

http://www2.standardandpoors.com/portal/site/sp/en/us/page.topic/indices_csmahp/0,0,0,0,0,0,0,0,0,1,1,0,0,0,0,0.html

Posted on 1/28/2009 12:49:00 PM by Dmitry

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Categories: Investment and Finances

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