Why Buy in 2010?
Forget the negative hype about the housing market. Homes in our area are more affordable than ever. If you are wondering whether you should purchase a home, consider these facts:
Interest rates. Mortgage rates are at an amazing all-time low. Now is the perfect time to capitalize on these rates.
Tax Credit Extension and Expansion. The tax bill adds an incentive for existing homeowners who have owned their current homes at least five years, making them eligible for tax credits of up to $6,500 when they purchase a new home. Plus, first time homebuyers will still get up to $8,000.* To qualify, buyers in both groups have to sign a purchase agreement by April 30, 2010 and close by June 30, 2010.
Affordability. Current market conditions make it a great time to invest in real estate. Forbes magazine recently ranked Minneapolis the “Most Affordable Place to Live Well” in the country due to the area's housing affordability, residents enjoy a high quality of life and access to choice arts, leisure and entertainment offerings.
Inventory. There is a wide variety of high quality homes available in all price ranges and communities in the Twin Cities. You can choose from new construction, existing homes, starter homes, luxury properties, condominiums, co-ops, townhomes and lofts.
With the best home selection ever, you’ll wish you bought today. The peak of affordability is now!