What effect did the government stimulus money have?
I think that the short term impact was huge. This can be seen by the number of sold properties in April of 2010 in comparison with April of 2009. The number of solds in Jackson County increased from 183 to 264 for April. I anticipate that May and June will have fairly large jumps as well, as the properties that went into escrow in April close.
The real question is what is the long term impact? Did this just get people who were going to buy anyway to buy earlier than they might otherwise have?
Will this boom be followed by a lull?
The chief economist of the National Association of Realtors was in town last month, and I had the pleasure of having lunch with him. They are predicting that the reduction of inventory by the credit has leveled the market, and there will not be a big drop. With what I am seeing with new listings coming on the market, I don't know if that is true or not.
I guess we are really just in a wait and see mode to really assess the impact.
Remember, if you are interesting in Ashland Oregon Real Estate, you can search for properties at www.realestate-ashlandoregon.com.
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