Real Estate Market Trends Say “Buy Now!”

The continuous drop in housing prices has kept buyers at bay, waiting for the market to hit the ground before investing. While there are never any guarantees with market trends, it is becoming increasingly apparent that there are trends suggesting now is the time to buy.

The American real estate market is finding rising home sales in most sectors of the country. Overall, April, 2009 saw the highest increase in seven months of home sales in the United States, according to Realty Times. This increase is reflected by a 6.7% increase in home sales across the US.

The Northeast up 33%, the Midwest up 10%, the West up 2%, and the one market showing no growth was the South which is down only .2%. Overall these factors indicate that an overall increase has started to register in home sales nationally. This also makes three months of increase.

Another factor indicating now is the time to buy is the fact that Primary Mortgage Market Survey has shown that 30-year fixed-rate mortgage (FRM) averaged 5.29 % with an average 0.7 point for the week ending June 4, 2009, up from last week when it averaged 4.91%. Last year at this time, the 30-year FRM averaged 6.09%. Heading in the direction of increase is an indicator that the demand for mortgages is on the rise along with the approvals.

These are great reasons for buyers to start seriously looking into investing in real estate while prices are still extremely low and the market is making subtle indications that a upswing is on the way. Just remember that nothing is guaranteed in this market and a swift up swing is just as likely as another drop. I f you are not prepared to invest at least seven years to see a substantial gain on your investment then real estate is not the game for you. Endurance is what makes a real winner here.