While interest rates remain low, they have begun to inch up from their historic lows of 2010. Prices of Coops and Condos are still below the highs of 2007 but they too have begun to inch up. And, while transactions are on the rise as more and more buyers decide now is the time to buy, there are still a large number of "Fence Sitters" out there convinced that things have not bottomed out.
Today's New York Post reports that NY home sales are expected to rise 8% in 2011 and interest rates are showing no indication of heading anyplace but up.
So, ATTENTION FENCE SITTERS.....NOW is the time to buy!!!!!
Jan 13, 2011
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