Coconut Creek Real Estate, Remax ParkCreek

Coconut Creek real estate, and real estate across the antion, is ending the year of 2011 on a surprisingly upbeat note. Mortgage rates are again at historic lows, averaging 3.91% this week for a 30 year fixed rate loan. In addition, inventories are down, to the lowest levels since 2006, and home prices are up from a year ago.

While Coconut Creek real estate news is hardly earth shattering, it is an improvement and in these uncertain times any improvement is great news. Life is gradually coming back to real estate, construction of apartment buildings is up and consumer confidence levels have increased.

Low mortgage rates remain a real lure for buyers, offering huge savings over the lifetime of a loan, and Coconut Creek real estate investors are seeing value in placing their dollars in property as opposed to the volatile stock market. While the nations real estate markets continue to struggle rates will remain low, which is great news for buyers, especially buyers located in areas that are already showing signs of life!

If the job picture continues to improve and inventories continue to lower, markets around the country will continue to inch back. While there will most certainly be more bumps in the road we can look forward to starting 2012 in a better position than a year ago, a great way to begin a new year.

Click here to read "Already Low, Housing Inventory Drops More" form the Wall Street Journal.

For the best in Coconut Creek real estate experience and knowledge contact Silva Stoyanova at 954-673-4402.  Silva has access to the Coconut Creek MLS and all available listings in the area.