Larry Flick on NBC 10 Market Analysis

  Chairman and CEO Larry Flick sat down last week with NBC10’s Tracy Davidson as part of the network’s weekly “Survive and Thrive” segment.  Flick shared his insights on the local housing market, how to take advantage of the existing home buyer’s tax credit and shared his predictions for 2010 in the Greater Philadelphia area.  The segment also featured Prudential Fox & Roach clients and first time home buyers, Mike and Ryan Brown, who recently purchased a home in Wilmington DE and qualified for the government sponsored first-time home buyer’s tax credit.  The full segment can be found here.

 

Interview highlights include:

• Now is the time to buy:  as the market improves, home prices and mortgage rates will increase in the year ahead. 
• Buyers who have strong credit can qualify for an FHA loan and put down as little as 3.5% down or as little 5% for a conventional loan.
• The best opportunities will be available early in 2010, when home buyers are still able to take advantage of federal tax credits, selection of inventory and affordable mortgage rates.
• The tax credit will continue to drive home sales in 2010, as more first time and ‘move up’ homebuyers enter to market to take advantage of the April 30 tax credit deadline. 

 For detailed information on the Expanded Home Buyer Tax Credit, click here.

Contact John Luca to answer all your real estate questions: 302-999-6966