Sugar Pine Realty Press Release
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Record-Low Interest Rates, Great Prices and Spring. What Does It All Mean? "Our Busiest Time of Year," says Sugar Pine Realty GMAC Real Estate Brookfield Residential Property Services, which bought GMAC Real Estate in Late 2008, is adding to renewed optimism
Sonora, CA (Grassroots Newswire) June 3, 2009 -- With the spring home-buying season in full swing and record-low interest rates and a decent inventory of homes for sale luring buyers off the fence, real estate professionals in Sonora are busier than they've been in many months according to Emmett Brennan of Sugar Pine Realty GMAC Real Estate based in Sonora.
"We're definitely seeing an uptick in the Sonora real estate market," said Brennan. "Spring is definitely upon us. This is typically our busiest time of year, but the renewed interest in homes for sale this year has been a pleasant surprise."
Brennan said Sugar Pine Realty GMAC Real Estate is "definitely seeing more interest in first-time buyers thanks to the new federal tax incentives, combined with interest rates that are currently at or even below five percent for a 30-year fixed-rate mortgage," the lowest in decades and a full two percentage points lower than August of last year.
Further adding to Sugar Pine Realty GMAC Real Estate's optimistic outlook is a new owner: Brookfield Residential Property Services. The well-respected firm purchased the GMAC Real Estate franchise company in late 2008, and Brennan said Brookfield's commitment to ensuring local companies' growth and success has invigorated the team. "The strong support and partnership we've enjoyed from Brookfield really has given us reason for excitement and optimism moving forward," said Brennan.
"What many people still don't seem to realize is that right now, more than any time in recent memory, could be that once-in-a-lifetime opportunity to buy their dream home," said Brennan. "It has been decades since mortgage rates have been this favorable, prices this affordable, and inventory this available. Add to that the new tax credits and incentives offered by the federal government, and the reasons to stop renting and buy - or to move up to that bigger home - are incredibly compelling."
For more information, contact Sugar Pine Realty GMAC Real Estate located at 19520 Hillsdale Drive at 209-533-4242.
Labels: brookfield, mother lode real estate, press release, real estate mother lode, real estate sonora, real estate twain harte, realtor, sonora real estate, sugar pine realty, twain harte real estate
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