Why Smart Homeowners Are Moving Up at the Start of a Real Estate Recovery Cycle!
Most economic indicators point to a recovery cycle in the Utah real estate market. The flood of foreclosure properties is not materializing foreclosure filings are down. Still, with 7.5 million homes are at least 90 days late on their mortgage, banks are moving toward "short sale" solutions versus foreclosing.
The Fed has stopped its tax credit program. The Fed is moving away from buying mortgage-backed securities. Experts believe the Fed's next step is to raise interest rates after having "controlled" them at historically low rates.
What smart homeowners see: Short sales in your move up range offer great values. Low interest rates (for how long?) make this an ideal time to explore moving up. Everyone's situation is unique so call me for a no-obligation consultation to see if it's right for you.
Direct: (801) 830-2030
Email: Derrick@DerrickTornow.com
