2 Reasons for your 1st Time Home Buyers to BUY NOW

Saw this article in USA Today on Tuesday and thought some of you might want to share it with your buyers who are struggling with the decision to buy now or not. Link to story - http://is.gd/2zK69.

The two reasons:

1. Record low interest rates. Article quotes Laurence Yun, chief economist for NAR "rising budget deficits will likely push rates higher over the next few years."
2. First-time home buyer's tax credit. According to Yun, "The window of opportunity is closing fast unless the tax credit is extended" because real estate transactions take so long these days due to tightening credit standards and the time it can take to close on a bank owned property.