Posted in Allegiance Stats, Market Stats, Positive Economic News, Real Estate News, Selling Info, Uncategorized, Winners, tagged Alexandria Real Estate, Arlington Real Estate, Blacksburg Real Estate, DC House Appreciation, DC Real Estate, Fairfax Real Estate, Federal Financing Finance Agency, FHA Loans, Fredericksburg Real Estate, Good Economic News, Harrisonburg Real Estate, Housing Market, Housing Market Stats, Housing Price Appreciation, Housing Price Appreciation by State, Housing Stats, Housng Sales, Interest Rates, Maryland House Appreciation, Maryland Real Estate, Northern Virginia Real Estate, Positive Economic News, RE/MAX, RE/MAX Allegiance, Real Estate News, Richmond Real Estate, Roanoke Real Estate, VHDA Loans, Virginia House Appreication on December 11, 2008 |
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Interest rates are at 4.5 year lows. Financing is available with little or no money down. Inventory is high with builders and sellers willing to negotiate. A good time to buy? I think so! Worried about appreciation? You should not be as long as you’re looking at your home purchase as a long term investment (not to mention the warm shelter it brings from the elements and tax breaks too). Appreciation in Virginia, Maryland and the District of Columbia has consistently out-gained the national average. Time to get off the fence!
House Price Appreciation by State
Five Year Appreciation
Percent Change in House Prices Period Ended September 30, 2008
source: Federal Financing Finance Agency
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