Buying Real Estate in 2012 – What You Should Know

“It’s never been a better time to buy a home.” Potential home buyers have heard this before but in this current market, the saying is actually true. Several factors have come together to truly make today’s market a buyer’s market. Real estate classes can clue home buyers in to the many advantages of purchasing a home in 2011 including:

  • Record low interest rates;
  • Dropping home prices;
  • And an increased selection of homes.

Low Rates
In response to the sluggish economy, the Federal Reserve Board has kept interest rates at record lows to encourage borrowing to stimulate the marketplace. The feds have signaled their intent to keep these rates low into the year 2013.… Read the rest