By Association chairman outlines opportunities in down market
Current homeowners may not be eligible for the $8,000 first-time homebuyer tax credit but there are still a number of reasons why they may fare well if they decide to purchase a new home.
That’s according to the National Association of Home Builders, which has listed several reasons why current homeowners may be in a good position to buy a bigger and better home than they could have purchased a year or two earlier.
Here are a few:
- Low Interest Rates: You can buy a larger home and make smaller monthly mortgage payments than you could have a year ago.
- Negotiating Power: Lots of homes are on the market, giving you negotiating power.
- Buyer Interest: While your house may no longer suit your needs, it may be perfect for someone else’s first home.
“Now may be an ideal time for any family looking to upgrade from their starter home to one more suited to their current or future needs,” says Joe Robson, chairman of the National Association of Home Builders. “Buyers are able to get more home for their money by taking advantage of current prices and interest rates, along with the bargaining power that comes from the large number of homes on the market.”
For the full National Association of Home Builders Release, click here.
See Also
- Intero Real Estate Services- Find Real Estate, Property For Sale, Homes For Sale
Intero Real Estate Services is one of the premier real estate brokerages. Find real estate, properties and homes for sale in Arizona, California, Colorado, Nevada and Texas. - National Association of Home Builders
The National Association of Home Builders is a trade association that helps promote the policies that make housing a national priority. Since 1942, NAHB has been serving its members, the housing industry, and the public at large.
