According to Melodi Mathews of Academy Mortgage, and also Private Mortgage Insurance companies, St.George has the fortunate distinction of now being off the declining market watch list. This is a boon to the developing economy of Washington county and the metropolitan St. George area.
Not only is the upturn in real estate sales being recognized by the private mortgage insurance companies, it gives all of us additional confidence that the down market that has hurt so many, is starting to improve. Prices are beginning to advance upward, and the number of homes sold each month is improving.
The ramifications of this announcement is, by in large, the opening of new, more liberal lending practices such as 5% down payment loans and other low down payment loans being available again in the St. George area. This usually spurs greater numbers of first time home buyers, and those who have only a small down payment, to pull the trigger on purchasing a home.
As St. George emerges, so to speak, from the the ashes, be aware that now, NOW is the best time to take advantage of the bargains that are available to the buying public. Call your Realtor, we hope the Four Pillars Team, for a consultation as to what are the top 10 homes available this moment–for you. We can email the best of the best, right to your home computer.
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