The Poughkeepsie Journal reported this week that the real estate market in the Mid-Hudson Valley is beginning to pick up pace. In March, accepted purchase offers rose 27.2%. Homes sold faster in March 2009 compared to a year ago with the average days on the market decreasing by 7.7 percent to 120 days.
One local broker had been quoted for the article to say "new federal first-time home buyer tax credit of up to $8,000, combined with mortgage rates at 5 percent and even below, are the keys".
http://www.poughkeepsiejournal.com/article/20090408/BUSINESS/904080323/1003/NEWS11
Personally speaking, my office recorded almost twice the amount of listing appointments this week compared to 3 weeks ago.
These are all sure tale signs that buyers are beginning to take action. If you've been thinking about buying a home in Dutchess County, wait no longer. If you act now, you will take advantage of reduced prices and low interest rates. It might not ever get any better than this! Now's the time.
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