The Wall Street Journal ran an article July 24, 2010 pointing out how record low interest rates and low home prices “are presenting unusual opportunities in the housing market these days—even for so-called underwater borrowers.” Some intrepid homeowners are intentionally taking a loss on their current house, and writing a big check to retire their old mortgage IN ORDER TO BUY TWICE THE HOME FOR NOT MUCH MORE MONEY.
This is a great time to buy a home in the Fredericksburg area. Northern Virginia is one of the top new homes markets in the US now. Prices for homes in the Fredericksburg area have bottomed and are starting to move up. As The Wall Street Journal noted, one family bought a new home because they “expect better price appreciation in their new home.” With a young daughter and plans for another child, they needed more space anyway. “We don’t want to wait for the market to come back. We wanted a better quality of life now.”
Atlantic Builders is ready for buyers who want to move in immediately to a new home. As of August 4th, we have begun construction on seven unsold new homes and have permits ready for many more. This way, buyers can more quickly take advantage of the values in the market, as well as historically low mortgage rates.
Of course, we are ready if you want to build a new home exactly your way also! Please visit our website at www.atlanticbuilders.com or call 540-891-0001 or 540-295-4284 for more information.
Here is a link to the Wall Street Journal article: http://online.wsj.com/article/SB10001424052748704421304575383490870014662.html?mod=WSJ_RealEstate_LeftTopNews
