With prices low and dropping interest rates, many people are looking at using investment dollars from retirement accounts to buy real estate. Maybe you should too. Talk to your financial councilor or CPA about investing in real estate. There may not be a better time for years to come. The combination of low prices and interest rates makes the return on real estate investments very enticing. Read the following about our current interest rates:

Mortgage Rates Fall Yet Again

Mortgage rates have hit a new record low for the 10th time in 11 weeks as investors continue to turn to Treasury bonds as a safe haven; the shift in money is cutting yields, which mortgage rates tend to follow.

Freddie Mac reports that 30-year fixed loans averaged 4.32 percent, down from 4.36 percent a week ago; and the 15-year fixed rate fell to a new low of 3.83 percent, down from 3.86 percent.

We just had another fantastic weekend of open houses. Legacy Realty holds more open houses in Fenton, Linden, Lake Fenton, and Holly than allof our competitors combined! If you are looking for a company that will advertise your home and hold open houses, call a Legacy Professional today!

We just closed another terrific property in Argentine Township in the Linden School district. It was a newer waterfront home that we sold for just $125,500. Although inventories of homes for sale are quite limited right now, there are still great opportunities out there. Especially when you consider the low interest rates. To find out more about great buys that are available or will be coming on the market soon, contact a Legacy Professional today.

We just closed another sale on Lake Fenton. That is the second in just the last few weeks. Since the first of March, Legacy Realty has been on the selling side of more transactions than any other company in the area. Let us help you with your sale or purchase. Call a Legacy Professional today.

If you live or work in the Fenton Area, you have noticed more and more of our signs sporting the additional "SOLD" sign on them. It is no secret that we are selling a greater share of the homes in this area than ever before. If you are thinking of selling, you should ask one our agents why. If you are looking to buy, contact one of our agents today to get a copy of our "Buyers Advantage" forms. You can save money by working with a Legacy Professional. Our competitors know why....you should too!

Legacy Realty has more advertised open houses than all of our local competitors combined! We had four open houses today alone. Real estate companies have a number of tools to market homes; print advertising, internet advertising, open houses, and the data sharing system among real estate professionals (known as the multiple listing service or MLS). If you are thinking of selling your home, you should hire an agent that can maximaize the exposure of your home. No other company in our market place can deliver the local exposure that we can, so if you are thinking of selling your home, call a Legacy Professional today.

On a weekly basis, we evaluate our local market, and we believe that the worst of the recession is behind us. Locally (Fenton, Lake Fenton, and Linden) we are seeing signs of price stability. The number of units selling is up almost 13% over the same time last year and our average sales price has started to rise. We still have a long way to go but at least we are heading in the right direction.

According to the National Association of Realtors the housing affordability index has hit a new high. This index shows the relationship of median home prices to wages and interest rates. With prices down and interest rates around 5%, we are at a terrific position to have a great spring and summer market. We also need to remind people that have not owned a home in the last three years about the first time home buyers incentive of up to $8,000! This only lasts until December 1st, so don't delay. Contact a Legacy Professional today.

Accordint to Bankrate.com, the state average for a 30 year fixed rate mortgage dropped below 5% to 4.93%. Freddie Mac says that this is the first time since 1965 that the national average has been this low. What an incredible opportunity to buy. With prices in our area at historic lows, amazing interest rates, and a greaty selection of homes, it is a fantastic time to buy. Call a Legacy Professional today!

It looks like the tax incentive may already be having an impact. Inquiries are up in our office and pending sales are the highest they have been in months. We will keep you posted on movements in the market but we continue to see signs of encouragement! Please let us know how we can serve you.