First Time Home Buyers represent approximately 40% of the buyers in the real estate market.  So there is no wonder why recent legislation has added significant incentives for First Time Home Buyers. 

Right now it is already a Buyers Market!  Here is what makes a buyers market, interest rates today hover about 5% for FHA/5.5% for a Conventional Mortgage, high inventory and motivated sellers, this is as good as it gets. 

When you couple that with an $8,000 or 10% of the value of the home Tax Credit, MFA Grant money for Downpayment assistance and loser lending restrictions for FHA you get a First Time Home Buyers Market.

note: This tax credit will only last until the end of November 2009.

With that said, this could be the best time in history to purchase a home and to be a first time homebuyer purchasing a home.  Even when we had the housing boom in 2005-2006 only a few incentives were available, 100% financing and low rates.  Adjustable Rate mortgages helped with an initial low monthly payment but have come back to hurt us in a big way.  Buyers had to make quick decision because inventory was low and purchased homes they were not 100% satisfied with.  Also Sellers were in control but now Buyers are in the driver seat.

So if you are on the fence about buying a home, get off that fence and make a move.  It will be one of the best decision you ever make.  Real Estate continues to be the choice for investors, why shouldn't it be for you to.  Investors are pulling their money out of the stock market and putting it into real estate because at the very least they know there is a steady rate of appreciation, not to mention tax deductions and cash flow.  Albuquerque continues to be published as one of the best Real Estate Markets in the Country.

Contact Us for More Information (505) 886-1432          Start your Home Search Now!


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