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Interest rates are at near record lows, buyers have lots of choices because inventory is abundant and the price is right!

Now is a great time to invest in real estate, either as your residence or as an investment. Home prices will rebound so it’s the buy low, sell high and/or buy low/hold and prosper theory.

The stimulus package passed by the Senate is a huge boom to homebuyers and refinancers who can take advantage of the bill’s increased mortgage market provision. That portion of the bill will give more of a long-term financial boost to the economy than the tax rebates of $600 direct to individuals, $300 to children, and $1,200 to couples.

The stimulous package included a provision that raised the conforming loan limit to allow Fannie Mae and Freddie Mac to purchase or guarantee many jumbo mortgages originated between July 1, 2007, and December 31, 2008. The increase from $417,000 to as much as $729.750 in high-cost areas (125% of the median price) will also apply to the Federal Housing Administration loan guarantee programs.  What this means is that you can get in on the big sale and pick up a solid property at a good price.  Call me today for more information at 213-804-3369 or visit my website:  www.uletas4realestate.com