Thanksgiving has passed and so has the biggest shopping day of the year. Black Friday 2009 seems to have been a hit, based on early feedback from retailers. Online payment processor, PayPal reported that about 25% more money was moved around on Thursday in preparation for Friday shopping, as compared to last year. Will the retail enthusiasm continue through Christmas? Only time will tell.
We have seen plenty of ads for great deals on everything from TVs to toothbrushes from retailers. I am curious to see what kind of deals are out there in your local housing markets. It's no secret that homes in some markets have hit nearly wholesale pricing. In my local market, my clients have been astounded as to what they can buy for their money and with tax credits and low interest rates, it seems to only sweeten the pot. What is the best Black Friday Deal you have in your market. Share the rock-bottom best value for a home that you have seen. It will be interesting to see the pricing in different markets nationwide.
Steven Terry- Mark Hagan and Associates