Buyers Take Advantage!

After approximately 36 months of a changing market, there is a great deal of inventory in almost all markets. The bottom line is that qualified consumers may benefit from purchasing a home now.
Right now there is a powerful combination of historically-low fixed mortgage rates, the $8,000 tax credit for first time home buyers, and affordable prices!
Sales of existing homes recently jumped 5 percent in February 2009 compared with the same month last year. The National Association of Realtors also released its Pending Home Sales Index on April 1, 2009 noting that pending home sales “rose 2.1 percent to 82.1 from a reading of 80.4 in January.” With these recent positive indicators, we are starting to see some new gains in the market, which could be a sign that buyers are getting into the market to take advantage of stimulus incentives and much improved affordability conditions.
If you are considering purchasing a home, don’t let this window of opportunity pass you by. I am providing you with this information so that you can make an informed decision about the current market. In the last 30 years we’ve seen very few opportunities in which buyers can prevail and now truly may be the time. If you’d like to discuss your opportunities in relation to the current real estate market, please contact me today.