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| Is recession nearing an end? I hear positive news for Real Estate in Cache Valley |
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Fear of the overall economy, deepened recession, job losses etc seems to really be dampening the recovery of the Logan Real Estate market.
I had a young couple that was planning on buying a home in Hyrum, but backed away after the inspection because his hours were cut back. My brother in law wants to buy, and can afford to buy, but a worker at his firm was just laid off. He fears more layoffs may be coming.
Amidst all of the fears there is some positive news.
Yesterday the Dow Soared 500 points. Northern Utah Real Estate sales increased 32% in February compared to January. National home sales have unexpectedly risen, and buying homes is just cheap.
Here are some great reasons to buy Cache Valley Real Estate right now:
There are more Cache County Homes on the market than ever before for this time of year.
Cache Valley Homes are affordable: The median price of homes sold is less than $180,000. Hyrum Utah Real Estate has a median price less than $155,000.
Mortgage interest rates to purchase Cache Valley Utah Real Estate are the cheapest they've ever been. Interest rates on 30 year fixed mortgages can be obtained for less than 5%.
Logan Real Estate offers excellent grant programs and tax credits for first time buyers. If someone bought a new construction home in Logan as a first time buyer they could potentially qualify for the $8,000 federal first time home buyer tax credit, the $6,000 Utah new homes grant, plus the $5,000 own Logan grant money.
If your fears have ceased and you are ready to buy Real Estate in Logan UT Estate, contact a professional Logan Utah Real Estate Agent today.
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