Who would have thought the condition of the housing market nowadays will be like this, two years ago? The business was booming, and the demand of homes for sale was so high, home prices soared to the high heavens.
With the current housing market scenario, now is the time to get into the housing market if one is ready. The situation is favorable for a would be homeowner to avail of first time buyer mortgages. The only one thing that can hamper this is the stamp duty which are soaring. If only the stamp duty threshold is raised, fist time home buyers will be more attuned to acquiring that first home. If this happens, the government’s ambition to have 75% of home ownership may not be that far behind.