If you are a serious farm buyer looking to make your move to a wonderful way of life, this is the time to do it. If you are a speculative buyer or an investor, you take your chances in any market but real estate has always been a good investment for homeowners in the long term and is one of the anchors of our economy. Don't let the media make it sound as though this isn't the time to buy. It can't get much better than it is right now. Today's market is a rare one, indeed! Historically, it had always been interest rates that drove activity in the housing market. Fewer people could afford to buy when interest rates climbed higher as the feds tried to "slow" a fast-rising economy. The result was an increase in the housing supply. It stayed this way until the next cycle began when the fed lowered interest rates again to "spur growth". That, in turn, started the cycle again by creating an increase in demand, which drove prices back up. This was the traditional real estate cycle. As a buyer now, you have the advantage of attractive home prices (due to a larger supply of housing available) AND the benefits of VERY low back-in-the-5's interest rates again.
Keep an eye on current interest rates by clicking below. Check both the national rates as well as New Hampshire's rates. They vary. Bookmark these websites and stay abreast of the market changes. And be a smart consumer. Take advantage of the best of both worlds. Move up to that new farm or country home now.
Explore financing and learn about your options when buying a farm or country home with acreage. Go exploring.... |