The dream of homeownership is alive and well in the U.S., the president of the nation’s largest real estate trade association recently told a professional group in Fort Worth. Consumers want back in the market on two conditions: They can get a home for a good price and financing at an affordable rate.
With so many distressed properties for sale, it’s not difficult to find a bargain. However, some might say that we communicated our message too well because now we have so many buyers who have unrealistic low-price expectations for all homes. They have the feeling that all sellers are distressed sellers and they’re not.
Finding affordable financing for potential home buyers also remains a challenge, McMillan said. Last year’s government takeover of Fannie Mae and Freddie Mac should have encouraged financial institutions into pumping more money out to consumers, but that has not been the case.
Here in the Tampa Bay area, Team Sumberg regularly meets with lenders. We hold them to our standards of working for our customers. For more information, contact us: info@TeamSumberg.com (866) 323-3981
