Friday, January 29, 2010
Sunday, January 10, 2010
Wednesday, January 6, 2010
The market continues to be ripe for first time home buyers and investors. Home prices continue to drop, although at a slower pace. With the low interest rates, and the extension/expansion of the home buyer tax credits ($8000/first time buyers & $6500/repeat buyers) we could be looking at a strong spring housing market. There are positive signs for home buyers also. The average days on market is down, the number of homes sold is up 67%, and the number of homes (competition) on the market is down a whopping 29%. It is too soon to say that the market is shifting back to a sellers market, but there are some definite signs of stabilization.
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