Homebuyer alert-- a huge flock of people-- your fellow homebuyers (and competitors)-- have checked out of the market, and won't be seen again until around January 10th. This migration happens every year, starting around November 20. The #1 reason is holidayitis; home hunting can be a grueling process, especially in these days of multiple offers and cash/conventional only, and many people choose to enjoy the holidays instead.
What made matters worse this year was the impending end of the First time Homebuyers Tax Credit. Until that was extended and enhanced, there was a mad rush to get into escrow.
With banks still sitting on thousands of foreclosed homes, the inventory level is still about the same.
So take heart if you've been searching for awhile. Only the very serious are out this time of year, and a lot of your competition is currently sitting on the sidelines. Call me and let's go find the right home for you!
c 2009 Barb Fischer San Diego
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