(This is  a copy of the newsletter I send to my  email prospect list.)

Roger Monger’s Real Estate Newsletter

October 9, 2006

Despite all the “Doom and Gloom” coming from the mass media about the “housing bubble” there is still good news about real estate. The current market is creating great opportunities for finding and acquiring the home of your dreams. Nationally and locally, interest rates are dropping steadily. USA Today recently had a full page ad stating just such. It said, in part:

Mortgage Rates are Dropping
Today may be the perfect time to consider the purchase of that dream home you have always wanted. Rates for 30-year fixed mortgages have dropped in 9 out of the last 10 weeks. That could save you more than $1,500 dollars a year depending on your loan amount. And, with more available properties on the market, finding just the right home has never been easier. (For the full ad, go to: http://img.realtytimes.com/rtimages/blanche/$file/realogy_usatodayad.pdf, you may need free for download Adobe Reader software to read it.)

Locally, the selection of homes and properties has never been better. We have a level of inventory that we haven’t had for years. Prices have fallen recently, but have stabilized for now. However, don’t expect them to go much lower. The employment picture in Harrisonburg and Rockingham County is very rosy. James Madison University will probably increase its enrollment substantially in the future, with an associated demand for housing for students, faculty, staff and support personnel. Business and Industry in our area is also booming, with planned gains in employment and facilities with equal demands for housing.
As you can see, now is the prime time to purchase real estate. Call or email me to work with you to take advantage of this golden opportunity that won’t last long to get into the home you’ve always wanted.