Happy New Year

2009 is starting out great for real estate. Interest rates are at a record low for the second week in a row. 30 year conventional fixed loans have interest rate around 4.8%, and 30 FHA loans are only a little higher at about 5%. This is great news for well qualified buyers and those who want to refinance. For sellers, the market is full of competition, so being realistic about the value of the house you are selling is important. Remember, the worth of a house is not found in how much you love it, how much effort you put into projects, or the memories you have created, but in what a buyer is willing and able to pay for it.