The New Investment Opportunities in Abilene, TX
January 27th, 2012
As the current borrowers either get on top of their loans with government help or continue on to foreclosure, the focus will shift even more to how the lenders can be aided in getting rid of their excessive foreclosure inventories. As the government doesn’t want to become a direct lender, they need to keep the large lenders in business to make the loans that will be guaranteed by taxpayer dollars. With the latest Federal interest rate drops, some primary residence loans are being made at 4.5%, with rates available for rental properties also moving toward historic lows. It’s all coming together to produce an exciting Abilene Real Estate investing environment in 2011: • Very low interest rates • Government incentives to lenders to increase mortgage lending • More government guarantees at higher dollar amounts • A new administration likely to announce new initiatives There is also going to be a strong demand for quality rental housing for some time to come. Those who lost their homes will need to rebuild their finances and credit histories before another purchase. With all of these factors in play, we can only end this with the same word for 2011 that we began with, Wow! www.abilenerealestategroup.com