At Ideal Living magazine, we repeat the mantra “The time to buy is now.” It seems that finally buyers are taking heed. New home sales rose 11 percent in June 2009.
According to the National Association of Realtors®, existing home sales rose for
the third consecutive month, with inventory easing and home prices declining
less sharply in June.
Approximately 384,000 new houses were sold in June, 56 percent of which
were in the $150,000 to $300,000 range.
Housing prices have dropped to a very affordable range. The average home
sale price in June was $276,900, and the median was $206,200. Lower housing
prices, coupled with low interest rates averaging 5. 25 percent for a conventional
30-year mortgage, mean the housing market is a great investment in your
future. The Commerce Department reported home sales in the Northeast were
up 29 percent.
According to a recent Ideal Living survey, 93 percent of respondents were
interested in purchasing property primarily for retirement. A better climate,
lower cost of living and a better quality of life are the top reasons for considering