The Presidential election is over, holidays are over, fiscal
cliff adverted, interest rates are at historic lows (today 3.375 for Conventional 30
year fixed, 2.875 for FHA 30 year fixed. Rates provided by Denny Donnelly, New Castle Home Loans, 515-421-9290). So what are you waiting for??? Now is
the time to buy a home!
Data compiled from the Des Moines Area Association of
Realtors MLS indicates our pricing trend for home values is currently at about what
it was in 2007. As our housing market recovers prices will go up, inventory levels
will continue to decrease, and the buyer’s market we have seen for several
years will become a seller’s market. The Metro’s inventory is down 13.3% from last year.
Pending sales 2012 compared to pending sales 2011 was up 21%. So our market is
definitely in recovery mode.
I predict 2013 will be a very active real estate market for
the Des Moines area. As a buyer would you rather purchase a home in a buyer or
seller’s market ~ you decide.
I'd love to show you your dream home. Call or text me at 515-556-0515.
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Thank you so much for sharing your thoughts!