Good news this week as mortgage rates have improved.  We are now at some of the lowest levels of the year.

Home prices on the Rise

Hedge fund manager John Paulson, who made billions betting that US Home prices would fall back in 2007, is now saying home prices will be on the rise.  He is calling for prices to grow by 3 to 5% this year and increase by 8 to 12% next year.  Keep in mind that if homes only raise a fraction of his outlook, just 2% – it would yield a healthy rate of return for someone buying a home right now.  For example, if someone bought a home for $100,000 and put down 10%, they invested $10,000 in the home.  If the home appreciated just 2% or $2,000, the rate of return based on the down payment of $10,000 is 20%.   Not bad!

Wilmington NC real estate

So, no doubt that now is the time to buy Wilmington NC real estate. With rates at historic lows, inventories high and prices low, the time is now to take advantage of this once in a lifetime opportunity to purchase real estate.

If you are searching for homes in Wilmington, NC, please visit my website at www.cbbaker.com today.