Hot Real Estate Market Is Luring Buyers
January 14, 2010 2:12 pm HomeNow the the threat of an economic recession has been averted, buyers are flocking to the streets in masses. The real estate market is so hot at the moment that home prices are rising at a rate of 20% or more when compared to 2009. While the prices of homes are rising, the incomes of the buyers are not. Nonetheless, would be buyers are being lured by historically low interest rates and the fear that these rates will go up. Many feel that if they do not get in the real estate game now, they will not be able to do it later on.