At a recent Keller Williams Chapel Hill Market Center sales meeting, Brian Kennedy from Corporate Investors Mortgage Group noted some improvements in the economy. "Most economists agree that there are marginal improvements in the economy. There is no significant inflation, it's hovering around .8%/year. Interest rates for mortgages should remain at +/- .25% of where we currently are, at 4 3/4%. Rates are not expected to change in a drastic way. This is good news for new home purchases, not as good for investment purchases. Small business lending did go up for most credit worthy businesses which means there should be an increase in job opportunities." More jobs, more people looking to buy homes. It's a win-win.

After reviewing real estate statistics in the Triangle area, I also noticed December sales were better than November sales and pending sales are off to a better start in 2011. The Triangle led the state in employment gains, foreclosures are no longer dominating the market, consumer spending, the stock market and the economy are all gaining momentum and building confidence.

With low mortgage rates and a sound local economy, now is a great time to buy.

If you or anyone you know is interested in buying or selling their home, call Masha Halpern & The Smart Move Team. Masha is The Best Listing Agent in Chapel Hill.

Have a great day.