60 Seconds With . . . Rich Napier
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60 seconds with ... Rich Napier
Goochland builder Rich Napier says low interest rates and tax credits make now a good time to shop for a new home.Metro Business asked Rich Napier, president of Napier Signature Homes, a high-end homebuilder based in Goochland County, about the Richmond real estate market:
"Sales data in Richmond [area] shows that our market has stabilized, and, in fact, sales have improved since this past summer.
"Coupled with the low interest rates, you can get mortgages on all types of loans for under 5 percent in the market now.
"Along with the fact that the government has extended the first-time homebuyer credit -- the $8,000 credit -- until April, along with the $6,500 credit that wasn't offered before for move-up buyers . . .
"If people take advantage of these credits along with the fact that we are seeing great prices on new homes as well as in the resale market, now is a great time to be buying." Watch the interview with Rich Napier on TimesDispatch.com. Keyword: Metro Business
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