In the first half of 2013 housing values all across the US were rapidly increasing. Some of the hardest hit markets like Phoenix and Sacramento saw especially large jumps in housing values. The rate of increase in values has slowed somewhat this summer but the folks over at CoreLogic recently predicted that housing values will continue to increase. David Stiff, chief economist for CoreLogic Case-Shiller, recently said “Record levels of affordability, a slowly improving job market, and very small inventories of new and existing homes for sale will continue to drive U.S. home price appreciation…”.
Slowly and steadily rising housing values make buying a home an attractive option. And with mortgage rates still extremely low by historical standards now is a very good time to be purchasing or refinancing a home. There are lots of indications that rates will be rising significantly over the next year so contact us today to get more information of the available government-backed refinance and home purchase programs.