This year could be the perfect time to purchase a home. A recent CNN Money article states:
“Low mortgage rates and pent-up demand have coaxed buyers back into the market, and homeowners who list their houses are seeing more traffic. That quaint relic of the bubble, the bidding war, has even started to reemerge in some cities.
Consider the mounting evidence that the long national real estate nightmare is over: During the past year, home prices increased in 92 of the country’s 100 largest metropolitan areas, according to data provider, CoreLogic, with prices rising as high as 23% in Phoenix and 17% in San Francisco. Sales volume rose in 69 of the top 100 markets, and 35 of those showed double-digit gains.”
Tell us what you think? Are you thinking about buying a home in 2013 or are you still undecided?
The First National Bank and Trust of Newtown can talk to you about mortgage costs and getting pre-approved for a mortgage before starting your search. Additional information on mortgage rates is available by contacting us at http://www.fnbn.com/lending/residential-mortgages/ or 215-860-9100.