2010 off to a great start in Real Estate in Red Deer

The Real Estate market in Red Deer has been very active in the first 3 weeks of 2010! This is an excellent time for first time buyers to get into the Real Estate market and for existing Central Alberta home owners to make a move up to a larger home. Interest rates are predicted to remain low at least until the middle of 2010, but there is some talk of increasing the minimum downpayment from 5% to 7 or 10% so waiting to buy may not be a wise decsion. Prices in the starter home category are starting to creep up slightly and multiple offers are not uncommon, but in the higher price ranges, while homes are selling, the demand is not as high so there are some good buys to be had. Red Deer Real Estate is still in a buyers market at this time so go ahead and BUY your new home or investment property soon.

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