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Newsflash: The Housing Market is ShiftingApril 18, 2013
And You Should Jump In Before It's Too Late
If you’ve decided to jump into the housing market, you couldn’t have picked a better time. The current economic environment is prompting a rise in home mortgage applications across the country – for good reason. As the available supply of homes for sale fails to keep up with demand, home prices continue to rise from coast to coast, and folks don’t want to wait until their dream home is out of reach. A recent survey found that home prices were increasing in all 40 of the largest housing markets. This has never before been seen in the 8 years that the survey has been conducted.
Of course, some national statistics don’t necessarily reflect trends in your local market. Some regions across the country are still trying struggling with excess inventory, whereas other housing markets began their recovery months ago.
Make sure not to get caught on the wrong side of this shift. When you and your realtor have found that perfect house, make sure that you partner with the right mortgage broker to help you find the best home loan program. Being smart about financing your investment will affect your financial future for years to come.
About the Author – Fernando Santillan
Fernando Santillan is a Fresno-based housing and financial blogger for 1st Continental Mortgage | Starrr, Inc.