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Going into the winter season has never looked better for the housing market. Sales are up 36 % this October over Oct 2008! Besides all the Short Sales and Bank Owned Properties and sellers finally realizing that they have to be competitive in this Crazy Market–the interest rates are hanging around 4.75% which is phenomenal for first time home buyers and also repeat buyers. The $8000 tax incentive and the $6500 repeat home buyer incentive (if you have owned your home for at least 5 years) also make it a GREAT time to be looking at purchasing a home.
Winter Seasonal purchases are notoriously a bargain time to shop for a home, because homeowners are usually motivated this time of year and also usually they have been on the market through the peak season of summer and early fall and are now ready to drop their price in order to sell and move on with their lives. Also from the seller’s point of view, the buyers that are out there searching through the cold snowy weather are not just looking for the fun of it. They are seriously looking, which makes for motivation on both sides. A winning combination!
I have excellent loan advice from our in-House Mortgage Xpress if you think you may be in the market to buy. If you feel that you may be needing to get a Loan Modification please check out the link I have added for Mortgage Xpress explaining what is happening today with the Governments push for Loan Modifications. Hope this information is helpful! That’s what I do! I’m your Running Realtor–doing all the running around so you won’t have to!
Avg. Sales Price: 379,000
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