In an October article, CNN Money reported that economists now believe that housing market is making a comeback faster than originally predicted and in spite of the hurricane that devastated the northeast region. This is contrary to the prior belief that visible recovery would not take place until later in the 2013 year.
There has already been a notable increase in housing prices on both new and existing homes. Not to mention even lower mortgage rates. David Crowe, chief economist for the National Association of Home Builders reasons the increase to people simply regaining confidence in the market. And Keith Gumbinger, vice president of HSH.com mortgage informational site, is recommending those waiting for the right time to jump in now and not to expect lower prices. It seems that there has never been a better time to invest in a home.
For those wanting to buy a home, even if you think that you can’t, RUPCO offers first-time homebuyer classes which focus on navigating through the home purchase process in addition to home buyer financial education and credit counseling. While the classes provide valuable information for all homebuyers, attendance of these classes qualifies some eligible families to receive first-time homebuyer assistance grants.
Being an educated homebuyer gives you tools that can help prevent you from facing the same foreclosure crisis so many others have. RUPCO has a simple registration process for the Homebuyer Orientation and homebuyer classes. It just takes a call to Mary Ann Marrero at (845) 331-9860 x220 or an email firstname.lastname@example.org to pre-register.
But what does this mean to those that are still at the mercy of the recent economic crisis?
Are they being left behind and forgotten? – No. RUPCO and organizations like them are still very aware of the housing and financial needs of the communities they serve. Many individuals and families still require assistance in homeownership retention. Foreclosure counseling and prevention services as well as reverse mortgage counseling are still very much a necessity.
RUPCO launched the RUPCO Foreclosure Counseling website last year in order to provide a more straight forward resource for homeowners facing potential foreclosure. The website is a great starting place for anyone behind in their mortgage payments and not sure how to go about getting help. The website streamlines the application process by providing a check list and allowing you complete paperwork online before you meet with a counselor. Now you can spend more of your time getting help instead of applying for it.
If you want to know how RUPCO can help you just call: (845) 331-9860.