We know the Fed has held interest rates low. The primary driver has been to spur interest in the housing market and investment.
And chief economists agree - 2015 is expected to be a pretty good year for real estate. I hope you'll appreciate this article: www.realtor.com/news/2015-buy-now-feds-patience-ends
You don't have to look far to see how real estate is performing in Middle Tennessee. My focus is in Williamson and Davidson Counties (Franklin, Brentwood, Nashville), and everywhere you turn you will see newly constructed or rehabilitated homes. It's nice to see people taking pride in their communities, and Nashville area is a great place to live!
These observations substantiate the focus points in the article:
1) Home sales will increase - especially in Nashville (the new "IT" city)
2) Prices will increase - they already have by over 10%
3) Mortgage rates will increase - the Fed won't stand still
If you're thinking about buying, let's talk. I'd like to help you position yourself - that is, familiarize you with the key elements of the buying process - long before you decide to buy. Know that I will do my best to help you, whether you decide to have me represent you in a real estate transaction or not.
(Don't forget. If you're looking to keep your payments low, consider refinancing your home mortgage *before* the Fed raises rates...)
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