All Real Estate Info Blog

It is now a new year and Spring will be upon us soon. Spring is the busy season for real estate. Lots of buyers come out of their apartments and too small homes to take a look around. They want to be moved after school is out and before their vacations begin.

If you have been waiting for a bargain, time is almost up. Once we get into the Spring rush, prices go up and many listings get multiple offers. It has been slow since our last Spring rush, which means that there maybe pent-up demand for housing. Interest rates have been incredible low. All the signs for a perfect storm or seller's market soon.

Interest rates have been on a downward slide for 6 days, until last night. They have started to inch back up. No one knows where the rate is going, but it is extremely low right now.

You need a contract on a house to be able to lock in this low rate. Have you been looking and have a few in mind? Now is the time to buy. Loan applications are up 32%. Buyers are starting to come back into the market. Spring could be a very busy time.