It looks as if the perfect storm which has been going on for many years now may finally be coming to an end. Home prices don’t appear to be rising anytime soon, but interest rates do. Here are Sig &Syl’s top 3 reasons why now is a good time to climb off that fence and buy a house!
– Fed rates are set to go up later this year, combine that with inflation and mortgage rates are going to rise. The current affordability index is about as good as it gets!
– Since so many people have been on the fence about buying the rental market has shot through the roof. Rents just keep getting higher and higher.
– 20% down could become mandatory. That is what will happen if the restrictions in the proposed Qualified Residential Mortgage (QRM) regulation are implemented.
Life on the fence can be tiresome. If you’re ready to jump off we’d be happy to help! Sigrid.Keough@HendersonSIR.com and Sylmarie.Trowbridge@hendersonSIR.com
Now that the madness of the holidays is behind us we hope to grab your attention for an important festival, The Princeton Public Libraries Environmental Film Festival. This is the 5th year of the festival which runs from January 13th – 24th and hosts an interesting array of films and speakers. Each film has been carefully selected to give viewers a broad look at the state of our environment.
Featured films include:”Oceans,” “Houston, We Have a Problem,” ”Peaceable Kingdom: The Journey Home,” “Oceans,””Bag it,””I Bought a Rainforest” and “Gasland.” Featured speakers include: Chelsea Sexton, “Who Killed the Electric Car” and “Revenge of the Electric Car,” Josh Fox, director of “Gasland”, and Fabien Cousteau, the grandson of Jacques Cousteau. For the complete list of films and speakers please go to http://www.princetonlibrary.org/connections/index.html.
Don’t miss this incredible festival! The alarm bells are sounding around our planet and it is festivals such as this that can help us come together and see how we can help!
Sig & Syl
P.S. Stay tuned for our “The Good, The Bad, and The Ugly” of 2011 real estate stats!