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Interest Rates >Affordable Home Loans A whole new crop of homebuyers emerges every year. With interest rates remaining relatively low, more interested buyers than ever before are applying for home mortgage loans. Affordable loan packages are creating more investment possibilities for second homes. Trade-up or scale-down buyers are free to move into an exciting new home or condo, making more starter homes available for first-time buyers.
The advantage goes to the seller when there are more buyers than homes for sale. But in a market where the inventory of homes is growing, the competition between sellers increases and gives buyers more options. More competition is not a problem if the local market is moving at a lively pace.
Affordable loans and a wide variety of financing options make it an excellent time to buy or sell real estate.
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| Q |
Where was the great land boom (1919) in which investors paid up to $25,000 for lots not yet dredged up from the ocean?
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| A |
The great Florida land boom brought hundreds of investors to the state after Carl Fisher founded Miami Beach in 1919. |
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