Now is a great time to buy property in Jefferson County
or Berkeley County
, West Virginia. According to the National Association of Home Builders
, the housing index measuring builder confidence has leveled out at the highest it had been since June 2007. This suggests that housing markets are moving in the right direction. The Wall Street Journal reports that some banks and credit unions are beginning to increase their consumer lending
, reversing a trend of tighter lending that started during the housing crisis. Their map shows that West Virginia is one of the places in which consumer lending is on the rise.
What does this mean for a potential Eastern Panhandle home buyer? As we said in our post on buying your Jefferson or Berkeley County home this spring
, it means many things--all of which benefit you!
- Mortgage rates are at historic lows. Lock in a fixed-rate mortgage with interest rates that are lower than what will be available as more people seek mortgages.
- Housing prices are at historic lows. Buy a home while prices are still low (but no longer falling). Depending on your current situation, owning could cost you less on a monthly basis than renting does. Getting into real estate now, before the upward spiral takes off again, means an investment that will pay off later whenever you decide to sell.
- Mortgages are becoming easier to obtain again. Maybe you've wanted to buy for a while, but were excluded from receiving a mortgage as lenders became stricter after the housing crisis. Now is a good time to try again.
Unsure of what first steps to take? The Kable Team
is here to help you. Check out our featured listings
in Charles Town, Harpers Ferry, Shepherds Town, and surrounding towns. If you are looking for a deal, request information on foreclosures
. Feel freel to search all listings in the Jefferson and Berkeley County
area. If you have any questions, do not hesitate to contact The Kable Team
for answers, information, and tips on finding your next house!
The Kable Team
RE/MAX 1st Realty
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