Signs of hope are emerging in the country’s real estate market. For the first time in three years, the number of people who are behind on their house payments went down. That drop means the number of people losing their homes may start to fall.
Many factor still weigh heavy on current homeowners and those looking to purchase a new home or as first time home buyers. Even though the first time home buyer credit is still available, most lender are looking for a standard 20% down and not offering 100% financing anymore. That practice is gone for the forseeable future. Still, if one has cash on hand, it is a buyers market and many great deals are available for real estate investors and single family homeowners alike. Visit us at Lexington Real Estate for more information on real estate in Lexington, KY. Go to http://welcome2ky.com and enjoy.