Why Buy in 2010? 8 Reasons Why This is the Year for First-Time Homebuyers
Most people who choose a New Year’s resolution pick a goal to achieve or habit to break, but as you set your goals for 2010, resolve this year to buy your first home. What a way to kick off the new decade!
Click “more” to read the eight reasons to invest in real estate in 2010:
- Greater variety from which to choose: single-family homes, condominiums, town houses, new construction, existing homes are plentiful on the market today.
- New and improved research tools and technologies make finding the right home in the best location an easy and enjoyable task.
- Modernized programs from the Federal Housing Administration that make buying more secure and accessible.
- Mortgage interest rates remain at historic lows.
- Prices are the lowest in years. Today you can buy a home for yesterday’s price.
- Congress just signed the extension of the $8,000 first-time homebuyer tax credit
- Owning a home is a larger investment than simply a place to live. The Federal Reserve’s Survey of Consumer Finances has consistently found that those who own their home amass greater wealth than those who rent.
- Because the American dream lives on, and owning a home is closer to your reach than ever before.
Tags: buying, Coldwell Banker Residential Brokerage, first-time homebuyer, real estate, Realtors, tax credit
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