We all understand 2008 was rough for the real estate market. But now much better news for the year ahead straight from the experts.Realtor Douglas Rill states, for the first time in a very long time, the future is looking favorable for the housing market. He says in December rate of interest decreased and potential buyers went up.In reality professionals say, each time rates of interest fall one point, about 1 million more individuals can qualify to buy.Reports suggest that thirty years mortgage rates are also at a 37 year low making it the ideal time to consider refinancing.Rill says he hopes the financial bailout assists draw out more people looking to buy which would help stabilize the market out in a big way.The average estimated worth of a home in West Palm Beach, FL was $211,320 in December 2008, down 0.13% from November 2008. Homeowners can utilize average estimated value to assess the current equity in their house or to figure out a possible prices. Typical estimated worth can help indicate if buying a home in this area will yield a favorable return.Caveat: There are lots of factors that determine both the price and value of a home. AOL Real Estate can not and does not guarantee that the trend will retain its current course. Make sure to use several resources.
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ABOUT THE AUTHOR.
Michael Russell writes about a range of topics, consisting of realty, modern-day architecture, and environmentalism. This short article talks about West Palm Beach genuine estate. For additional information about West Palm Beach houses, visit Apartment or condo Finder.