Despite what the naysayers and economy “doom and gloom” predictors are telling us, the housing market continues to climb out of the deep hole left by the great recession. There are fewer bank owned and short-sale properties on the market and recovery in key metropolitan areas continue to stabilize and grow.
This is awesome news for homeowners and prospective buyers. With mortgage rates at record lows and aggressive down payment assistance programs, more individuals are poised to take advantage and get into the real estate market.
Renters can especially take advantage of this since most mortgage payments will be less than what one is paying in rent.
Check out the full article and statistics from Freddie Mac: