Should used car
buyers take advantage of the lower price?
Not exact matches
Inventory shortages were more serious in
lower price tiers, making it very difficult for first - time
buyers to
take advantage of historically
low interest rates below 3.5 percent.
All
of these factors make it harder for
buyers to purchase homes no matter how badly they want to
take advantage of today's
lower prices.
· In the past, housing
prices rose so quickly in some parts
of the country that sellers were unwilling to agree to a transaction that seemingly gave all the
advantages to the
buyer — locking in a
lower price,
taking so much time before closing, and ultimately having the right to walk away should markets soften.
The shortage is driving up
prices as
buyers seek to
take advantage of low lending rates.
The increase in housing
prices has been heavily influenced by the Bank's near - record
low 1 % interest rate, as more and more first time
buyers and real estate investors
take advantage of low mortgage rates.
In a volatile housing market, many potential
buyers are able to
take advantage of the
low home
prices.
However, even when
prices are
low, you still want to find the
lowest interest rate on loans and avoid mortgage fraud during this time when many
buyers are
taking advantage of the
low countrywide
prices in the market.
What today's
buyers can
take advantage of are
lower home
prices, fairly
low mortgage rates, tax relief, and higher loan limits (meaning
lower prices and greater availability for financing).
Buyers are coming off the sidelines and stepping up to the plate to
take advantage of lower prices and foreclosure lists.
«We attribute the number
of loans to a strengthening real estate market and still
low interest rate environment, leading more
buyers to purchase a home or current owners to refinance and
take advantage of this attractive
pricing.»
This sentiment echoes that
of many first - time
buyers who decided to
take advantage of the tax credit at a time when home
prices and mortgage rates are at all time
lows.
«In recent years we have seen more and more foreign
buyers coming here to
take advantage of low prices and plentiful inventory.
With
low inventory levels and a surplus
of buyers, savvy homeowners who list their homes can
take advantage of strengthening home
prices.»
«This month's modest uptick in builder confidence comes on the heels
of a four - point gain in May and is reflective
of the continued, gradual improvement we are seeing in many individual housing markets as more
buyers decide to
take advantage of today's
low prices and interest rates,» said Barry Rutenberg, chairman
of the National Association
of Home Builders (NAHB) and a home builder from Gainesville, Fla..
«While the current economic crisis has caused some first - time
buyers to either
take it slowly or apply the brakes, home ownership remains a top priority for those who are able to
take advantage of reduced carrying costs, rock bottom interest rates and
lower house
prices,» says Michael Polzler, executive vice-president and regional director, Re / Max Ontario - Atlantic Canada.
For first - time home
buyers, this is the perfect neighborhood to
take advantage of low down payment mortgage programs because
of the sales
prices.
Lake County, Ill., posted the highest average sales
price for all houses in 1987 in the Chicago area, while home
buyers in Will County could
take advantage of the
lowest average
prices, according to statistics compiled by Dataman Information Services
of Atlanta.
«As expected, sales are slowing down now that the home
buyer tax credit has expired, but record -
low mortgage interest rates, along with stable and affordable home
prices in most areas, provide opportunities for
buyers who weren't able to
take advantage of the credit,» she said.
«Despite record - breaking
prices in many
of Canada's major markets, these homes are selling, as
buyers take advantage of today's historically
low interest rates.
«Newly constructed homes can suit the specific requirements
of today's home
buyers,» says NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del. «And now is a great time to consider buying a new home, as consumers can
take advantage of competitive home
prices and
low interest rates to find the perfect new home for their families.»
Cash
buyers are
taking advantage of low prices and even finding profits in their housing purchases.
Inventory shortages were more serious in
lower price tiers, making it very difficult for first - time
buyers to
take advantage of historically
low interest rates below 3.5 percent.