With recent mortgage rule changes set to take effect March 18th and the low interest rates predicted to start rising this summer it appears as though the stage is set for another real estate mini-boom we experienced early in 2010, with a lag to follow.
Because the interest rates are still VERY attractive to buyers (http://urneighbourhoodrealtor.blogspot.com/2011/01/why-buying-home-now-instead-of-next.html) and the mortgage rule changes to shorten the amortization period from 35 to 30 years will affect only high-ratio mortgages, this will have a direct affect on first-time homebuyers.
If you are considering selling your home this year, you may want to take advantage of this possible early Spring market as buyers rush in to beat the changes and list soon.
If you have any questions or want to know what the market value of your home is, please contact me anytime.
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