In 2008 the trend that I saw in home prices in Champaign and Urbana had to do a lot with when you bought your home.  It seemed that sellers that had purchased their home from 2004 through 2008 saw little to no appreciation.  Many of the homes that we sold in 2008 showed this trend to be true time after time.

For some of the home sellers relocating, was the reason they needed to move. For others it was time to buy a larger house.  Because prices had adjusted  to 2004 prices, it has made the buying of a more expensive home more appealing than ever.  For example, if you sold your house for 8 percent less than what it was worth in 2006, but then turned around and  bought a more expensive home with the same 8 percent savings, you came out ahead.

In the 20 years of helping people with there biggest decision of there lives, buying a home, I have never seen such a good time to buy up. The saving from Real Estate values along with record low interest rates has made now the time to take advantage of the Real Estate market.

Two weeks ago, I helped 2 families buy a home and the timing was perfect. One of the couples bought a home in the $180,000 range and that day interest rates hit a low of 4.75%. The difference in payment versus what rates had just been, saved them just over $200 per month in there house payment. The second couple locked in at 4.875% interest rate.

It is very hard not to be a winner when buying a home with rates this low and prices this good. To discuss how to take advantage of today's Real Estate market, give Tom Cain and Company, RE/MAX Realty Associates a call at 217-352-5700.