During the recent boom years in 2003-2005, sellers were calling the shots dictating prices and terms to multiple bidders who were knocking down their doors in many markets. The housing market is experiencing a cooling-off period from the boom of several years ago, making todays economic environment the perfect one in which to buy a home. Rates are low and inventories are up, meaning more choices for home buyers. Consider the facts: prices are competitive, interest rates are very affordable, there are plenty of homes in all price ranges to choose from and sellers are ready to bargain.

For more information on why now is a great time to buy a new home, please visit www.RichmondHomeFacts.com, a site designed by the Home Building Association of Richmond to help anyone considering buying a new home make the right decision.