Many real estate prognosticators have been worrying about the slowing of the appreciation rates across real estate markets nationwide, scaring many buyers out of the market. The Office of Federal Housing Enterprise Oversite released its 2nd quarter figures on average housing prices this month and many market watchers jumped on the “dropping prices” bandwagon.

Have you been watching the interest rates lately? Bankrate.com has its average 30-year fixed rate at 6.4 percent—a drop of 3 basis points in one week and the lowest level all year. In addition, for those willing to pay more points, you could get a rate under the 6 percent threshold. Meanwhile, if the prices in your area are about to flatten before beginning their next cycle upward, and you MUST buy now, your waiting may have paid off—if you jump over the fence of indecision and get a contract written now.

Looking for a home in Addison Reserve Country Club? Realtor® Caesar Parisi is ready to help you buy your dream property.

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