This May Be The Best Time Of The Year For Real Estate, Says TIME

June 29, 2012 - PRLog -- For past half a decade or so, the real estate market has been as dead as the still waters, however, recently a little movement and gradual tidal lift has been witnessed. According to TIME, this can be the best time to make a go for anyone who has been planning to buy real estate. Around the country, the prices are still low and record mortgage rates are as low as 30- and 15- year fixed mortgages are around 4% and 3%. Even though the rates still stand near 2003 levels, there are visible signs of ongoing change.

It has been witnessed that the investors are no longer running away from the foreclosures and short sales. There is bidding battle going on over the foreclosures for the buyers know that these rates aren’t going to stay for long. Recently, Wall Street Journal also carried out a research on about twenty-eight housing markets in Phoenix, Sacramento and Washington D.C., according to it, there are a lot less houses for sale in these markets today, if compared to the past. Even in Long Island, New York, the number of available residential properties is falling with the passage of time.

This could specially be a great time for realtors such as Kecia & Co. such as http://ida-homes.com/ to take advantage. Another reason why it is the best time for the investors to buy residential properties is that rents within the United States have increased recently. Gradually, people are turning towards investing in real estate as they are finally starting to realize the high potential in the market, reason why last year, the purchase of investment properties increased to 65%. However, this golden period for real estate might not be for a very long time, hence, anyone interested in grabbing a share of property should do it right away, before the waters go still again.



About Kecia & Co

Kecia & Co is an Idaho based real estate consulting firm that provides complete guidance on residential and investment properties. The company also deals with online clients through its websites like ida-homes.com and provides hassle free services. You can contact Kecia &Co through Mobile: 208-615-5020 or Email: kecia@homesID.com