Housing market has been showing some interesting signs lately - multiple offers in the first couple of days; offered price increasingly higher than the listing price; fewer contracts falling apart before settlement, etc... It is no surprise that Forbes publishes an article suggesting that US recession is over. http://www.forbes.com/2009/05/04/recovery-indicators-unemployment-opinions-columnists-recession.html?partner=commentary_newsletter
It is definitely the right time to buy: still a large inventory of houses on the market, reasonable prices and a low interest rate. And my strong belief is that the best investment is into real estate located at a walking distance to a metro station. Need to look at houses? Call me. But.... please get a preapproval letter first.:)
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