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Health of real estate

Posted by Jeff R On October - 27 - 2007

We are in the process in relocating from the East coast to the West coast and I am amazed in the difference in real estate prices that we have found. I keep reading that the market has reached it’s pinnacle and declining, but in both areas we are not seeing this. I think that is the interest rates stay below 6% the housing market will remain steady. This will enable seller like us to maintain our selling price while getting a good rate on our new home. As the demand for new homes softens the demand for older homes will see better averages since more people will be looking to purchase their first home without breaking the bank.

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