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Listed below are some very important reasons to get into your new home is 2011.  As discussed in the article below, Mortgage Interest Rates are up and climbing.  They are not changing rapidly yet, but rates have done from the high 3's to over 5 and at present are about 4.875. 

The Mortgage Interest deduction is one of the only tax deductions most Americans can take and it is SIGNIFICANT in tax savings and in amassing personal wealth.

Most economists believe in housing as an investment and believe that there will be positive growth in the housing market within 5 years.  Remember, values are down versus the highs of 2005-2006, but values are still up in double digits from 2000.  This is evidence that the housing market is not a short-term investment.  It can and will be most people's most valued asset over time.

Remember, my business is built on referrals  If you or someone you know needs professional Real Estate services, please consider me.  I can be reached as follows:

Michael J. Droege 907-230-3372  mjdroege@gci.net  http://www.MichaelDroege.com

Michele Lerner, author of Homebuying: Tough Times, First Time, Any Time, offers reasons why real estate is likely to improve in 2011. Here are five reasons she thinks consumers should consider a home purchase next year:

? Mortgage rates will stay low. Even with rates climbing — maybe to as high as 6 percent by 2012 — they are still well below where they have been historically.
? Tax cuts could help. Extending the tax cuts could encourage a more rapid recovery for the economy.
? Americans want to be home owners. A recent Fannie Mae survey showed that Americans still believe a home is a safe and desirable investment.
? Builders are about to begin building. Home builders have been sitting on the sidelines. This year, they think pent-up demand will create an appetite for new homes.
? Homes are shrinking. Homes are getting smaller, which has made them more affordable.

Source: Investopedia, Michele Lerner (12/24/2010)