"After 17 months of steep decline, both the president's Council of Economic Advisors and the Federal Reserve now believe the economy will begin to recover sometime in 2009.
Great news, to be sure. But it's also a warning to consumers: The deals you're seeing on everything from houses and cars to televisions and furniture won't last forever. Luckily, for a host of goods and services, the sale of the century (literally) is still on.
At the top of the list: housing. This may be the best time in a generation to buy a home. According to the S&P/Case-Shiller U.S. National Home Price Index, fourth-quarter 2008 prices were down 25% from the four quarter of 2006. The stimulus bill Congress passed in February includes an $8,000 credit for first-time home buyers. According to bankrate.com, average interest rates are beginning to dip below 5% for a 30-year, fixed-rate mortgage."
Just like the recession, these deals won't last forever. Here are some of the deals that buyers have recently made in Berkeley Springs:
3 bedrooms, 1 bathroom cedar-sided cabin on 5 acres - $155,000
1 bedroom, 1 bathroom cabin on 37 acres - $192,000
No comments:
Post a Comment