Found 2 blog entries tagged as interest rates.

Ulster County NY Homes | 5 Reasons to Buy NowUlster County NY Homes | 5 Reasons to Buy Now

Last week, Taft Street Realty started presenting the 10 reasons why now is the best time to buy Hudson Valley real estate. We talked about how lending restrictions are gradually easing, and that although interest rates are close to historic lows right now, they may not be for long! We've got more great reasons why now may be an ideal time to buy, from the improving economy to the classic debate of buying vs. renting. So to complete our two-part series here are the last 5 reasons why now is the best time to buy Ulster County NY homes for sale!

Buying Is Better Than Renting

Renting vs. buying debates are nothing new. There are valid reasons why some should rent and not buy. I totally agree home ownership is…

4669 Views, 0 Comments

Read Full Post

How can this be? Housing hasn’t been this affordable in many years, and interest rates are at record lows. Yet as everyone knows, the market remains stuck in the mud. Too many unsold homes, too few interested buyers. Experts have a lot of complex things to say about what’s going on, but the answer is really pretty simple.

An uncertain job future makes taking on a mortgage—even a historically low-rate mortgage that right now can be used to buy an exceptionally well-priced home—a very tough sell. So with unemployment still at record highs, it just makes sense that the housing market too continues to struggle.

It’s a predictably vicious cycle. Stubborn unemployment stalls the housing market, which then puts even more people out of work. That’s because,…

3308 Views, 0 Comments

Read Full Post