In: Best Time to Buy
16 Feb 2010Are you thinking about purchasing a new home but have been waiting for the market to turn around? Well, wait no longer because now is the best time to purchase your new home. Since the housing recession began, almost four years ago, land values have dropped to pre-boom levels. So what does that mean? More affordable new homes!  The demand for housing [...]
In: Best Time to Buy
2 Dec 2009At John Wieland Homes and Neighborhoods, we are thankful for a much better market in 2009 compared to 2008. Our sales are up 66% year-over-year as homebuyers return to the market. Driven by the trifecta of the extended/expanded federal tax credit, historic low interest rates and low home prices (down at least 20% from their peak), homebuyers realize that now is the time [...]
2009 is a great time to buy a home. Selection, values, and interest rates offer the best combination in our lifetime for either a new or a resale home.  So which is the better option? New is better for a  number of reasons: Today’s best: New homes offer up-to-date plans and features for your lifestyle. Rest easy: Foreclosures [...]
One basic principle of economics that does not change is that prices respond to supply and demand. The recent downturn in the housing market is directly attributable to a drop in demand as a result of a more conservative approach to home mortgage lending. Over time, however, supply corrects itself to the new level of demand. This [...]
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