The stimulus appears to be working here in the Montgomery/Bucks county areas.  There is a lot of inventory however, there are a great deal of pending listings also and the January/February markets were not bad at all in comparison to previous years so.....if you are a home buyer, others are buying so why not join the crowd?  Jump on the wagon!!!!  If you have a good agent working for you there is nothing to fear.  They will cover you every which way to assure that you are not going to get into a bad situation.  Buying is still the best way to go.  Go for it!

Well here is a little blog about the real estate in my area.  Not great but not bad.  The national average is said to have decreased approximately 15% and our area here in Chalfont has had about a 7.5% decrease.  Ok, so if you are selling a home that you purchased about 3 years ago for $300k and it increase in value the next 1.5 years approx. 6% and that makes the home worth $318k and you want to sell now the price would be approx. $294k. This is a loss (before settlement cost) of approx. $6k.  What is all the concern about?!!!  Just think if you purchased your home 20 years ago!!!

To those who are down about the market, I am ashamed of the media, as usual, for portraying such a grim picture of the Real Estate market. This landslide is not across the board.  There are many areas that are holding their own such as Southeast PA as the market has slowed down but not stopped.  How can it?  We have major industries surrounding us along with the major cities such as Philadelphia, New York nad DC.  New Jersey is right across the border.  Well...ok.  we can leave out NJ but all the others are continuously allowing for change and growth.  I believe there are other areas where the market is the same as here.  Let me know.

Conclusion;  It is ALWAYS slow at the end of the year. With the market leveling back out along with the end of the year, I think it looks grimmer than it is.

 Happy New Year