It Is Time Now....

By VDB Compass

A recent MSN real estate article reported that more and more Americans believe that now it is a good time to buy a home. According to the latest Fannie Mae Housing Survey,  the expectation that home prices, rents and mortgage rate are all likely to rise this year, and these convergence of factors is leading a positive sign in real estate industry. The survey also pointed out that "more Americans now expect both home rental and home purchase prices to increase over the next year. 33% expect home prices to increase, up 5 percentage points since last month." These trends may encourage Americans with an increased sense of urgency to buy a home as 73% of Americans now believe it is a good time to buy a home, up from 70% in February. 

As for greater Seattle area, the Northwest Multiple Listing Service reported that house prices rose for the second month in a row in March. "Close to the job centers, 45 percent of new listings are selling within a single month," J. Lennox Scott, chairman and CEO of John L. Scott Real Estate, said in a listing service news release. Related Links: More Americans think it's time to buy a home Seattle house prices up again.

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