Is 2013 a good year to buy a new home in Charleston, SC? Interest rates are their lowest in years. Banks seem to be back in the business of loaning money for home mortgages. It continues to be a buyers market in many areas of the country. But probably the most significant indicator that now is the best time to buy is for the sixth month in a row, existing home sales rose. Yes, rose, increased, went up, did not decline! The last time that happened was all the way back in 2005/2006.
As the housing market continues to recover, you and I are the potential beneficiaries. Home buyers are now beginning to realize that the opportunity to purchase a new home might never be better than it is today.
Have we actually turned the corner in the housing market? Even though economic conditions continue to weaken in many areas, the housing market appears to be strengthening. A number of economic strategist believe that the growing housing market just might be the shot in the arm that gets the overall struggling economy headed in the right direction.
With the expectation for inflation to decrease modestly over the next twelve months, and the recent surge in home sales, there may in fact be a light at the end of the tunnel in this economic nightmare. So if you have been wondering if now is the time to purchase that new home you have been dreaming about, maybe it is!