THE BEST TIME TO BUY IS NOW

MORTGAGE INTEREST RATES ARE CLOSE TO 40-YEAR LOWS.

• The average 30-year fixed rate mortgage
  rate remains near 40-year lows. Currently
  at 6.4%, this is more than an entire percentage
  point below 2000 levels.
• Low interest rates allow a substantially
  larger population of Americans to own
  their own homes.
• n For example, with a $250,000 mortgage,
  a rise in interest rates from 6.5% to 7.5%
  means an additional $2000 in annual
  payments. This may boost currently
  available homes out of financial reach for
  potential buyers. Today’s low rates offer
  a unique opportunity for buyers.

INVENTORY IS ONCE AGAIN ON THE DECLINE.

• In recent months, there has been a record inventory of nearly four million homes on the market. However, total housing inventory levels fell 2.4% at the end of September to 3.75 million existing homes available for sale. As inventory continues to decline, the selection of homes will once again become limited. For prospective buyers, there may never be a better time to buy a home than right now.
• Taking advantage of the variety of homes available on the market today allows buyers the unique opportunity to find the home of their dreams.
• Expanded selection combined with low interest rates offer buyers an opportunity that may never be available again in their lifetime.

REAL ESTATE REMAINS THE BEST INVESTMENT AVAILABLE.

• The average home purchased five years ago has appreciated 49%.
  Even with the recent 2.2% decline in the median home price, this
  still equates to a more than 45% return on investment for the average
  homeowner. Media reports of a vast market decline are deceiving,
  and consumers will benefit from purchasing a home now before
  prices begin to rise once again.
• According to Forbes magazine (using U.S. Department of Housing and
  Urban Development statistics), U.S. real estate sale prices increased
  more than 56% from the beginning of 1999 to the end of 2004.
  The S&P 500 index dipped nearly 6% during that same period.
• While year-to-year fluctuations are normal, real estate remains one
  of the best performing and consistent long-term investments.
  Median existing U.S. home sale prices have increased on average
  6.5% each year from 1972 through 2005, and 88.5% over the last
  10 years combined. For consumers looking for long-term and
  stable growth rates, real estate is still their number one choice.