Few months back people were caught between their modest salary and expensive real estate market making them wonder whether ever they would be able to afford a decent housing in their lifetime but situations have changed for better though some may not agree with me.
Real estate prices have nosedived and are as much as 40% lower than the skyrocket prices. Besides price drop, federal tax credits for first time home buyers are a big motivation. The good thing is it might serve as a motivation for 300,000 buyers who had been adopting a wait and watch policy or those who had already given up hope. The high rate of foreclosures have already given them a reason so celebrate as first time buyers get an opportunity to buy their dream home.
So if you are a first time buyer then this is the best time to go for your dream house!!
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