Let's Get REAL Estate

The 30 year fixed rate dropped to 3.99% and the 15 year fixed dropped to 3.30%. These rates are expected to remain in this area for a while!

Foreclosure notices were up nationwide 10% (Florida saw a 7% increase). This is an indication that the banks are finally ready to begin working on the backlog of foreclosures. People may look at this as a negative sign but actually it is a good thing! We NEED the inventory and the only way to get through the housing crisis is to clear the backlog!

What does all this mean? It's a great time to buy! We're seeing a jump in sales for houses and condos. So don't delay!