In recent years, the housing market has been on a very bumpy financial ride. Due to the sub-prime mortgage crisis which resulted in millions of homeowners losing their homes due to the inability to pay their monthly mortgage payments, President Obama’s mortgage refinance stimulus plan was implemented to help people stay in their homes and encourage people to buy a home. The plan included lowering interest rates so that people could take advantage of the savings. Now that the economy has shown signs of improving, many people are wondering how long mortgage rates will stay low or if there is going to be an increase in the coming months and next few years.
In this current economic environment where improvement in the economy is not happening as fast as we would like, as well as the continued Government and Federal Reserve support, most experts agree that for the next few months, there should not be much of a change in mortgage rates. Currently 30 Year Fixed mortgages rates have been hovering just…
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British Colombia, Canada, is well-known throughout the world for its gorgeous and dazzling mountain views, vibrant and bustling cities, a strong and diverse culture, and its numerous recreational activities such as the stunning golf courses and best ski condos. In British Columbia, the BC real estate market has always been a booming business. However, due to the recent down turn in the economy, the British Columbia real estate market had experienced a brief cooling off period. Now, this exciting and beautiful Canadian province has started to make a strong recovery. A distinct bounce back in consumer demand has turned a possible gloomy 2010 into a very strong year for home sales. A boost in consumer confidence, increased consumer demand, and low mortgage interest rates, have all played an important role in improving the British Columbia real estate market.
Real Estate developers are not only attracting retirees, but they are also attracting an innovative young work force. Many developers are responding to consumer demands for a private piece of paradise where people can…
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16 January 2010
Real Estate
BC, british columbia, business, housing, market, mountain, mountains, Real Estate, resort, ski resort, skiing, snow, vancouver, victoria
