Fred Filsoof discusses real estate market

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 6, 2010 -- Low prices. For buyers, home values are at an historic low, especially when you adjust for inflation. The prices of the homes are more affordable than they have been in decades, but just as important, the interest rate on a mortgage is about the same as home buyers paid in 1962.

Low interest rates. Interest rates are hovering around 5% per year right now, the lowest mortgage interest rates we have seen in decades. Recently the Federal Reserve has been using TARP money to buy up bank’s bad loans, thereby significantly mitigating the number of foreclosures dumped into the market at one time.

The inventory is great and prices are very competitive as the market is stabilizing, thanks to the government takeover of Freddie Mac and Fannie Mae. Interest rates have dropped.

Today the sell price list vs. price ration is about 96%. A seller will not be insulted if you ‘make them an offer they can’t refuse’. In this market a buyer is encouraged to obtain a home inspection, termite inspection, and appraisal. It’s a great time to buy without having to compete with hundreds of prospective landlords.

In this market, reasonably priced homes are within biking or walking distance to schools, rapid transit lines, and relatives.

About Fred Filsoof

Mr. Filsoof is active in numerous civic and charitable organizations-a former regional board member of UNiCEF, Honorary chairman of NRCC Business Advisory Council, a supporter and organizer for Red Cross blood drive, an active supporter of Atlanta Ballet. Mr. Filsoof was appointed to the planning Board of Professional Children's School of new York City during May 2010. He will be directing the school's efforts in fund raising,grants and corporate sponsorship for school related growths and scholarship. In May 2010 Mr. Filsoof was appointed to the executive Board of Yangtze Repertory Theater Of America in NYC. The organization has received the highest national and international recognition. Mr. Filsoof's Real Estate company has been distinguished by Highest Industry awards and Honors. He has been a frequent guest speaker at real estate symposiums and meetings throughout the area and he has been a consecutive member on "THE LIST" of Atlanta's Top Commercial Developers.

Fred F. Filsoof     Fred Filsoof     real estate