That is a question that I am getting asked alot lately. I do alot of reading and listening to Real Estate news and what I seem to get is that they are hoping for a turn around possibly September/October or this year. Many say that we must see more job stability and I would have to agree that seems to be the big hurdle we do have to get over. We still have Shadow forclosures and will probably see this for a while to get though what homes are already in the pipeline. The interest rates are the best I have seen in my 13+ years in Real Estate so if you are in a place to buy a home this is the time. If you need to sell your home to buy a home get a REALTOR who will help you with listing your home, staging it and pricing it to sell so that you can buy your new home while the interest rates are great. While it is still the buyers market in my area and many others I believe we will see things moving to the balanced market within the next year. If you are a first time buyer and you currently rent and would like to buy a home at or near what your Rent payments are now may very well be the time for you to move. Call your agent today and buy your first home.
"A strong economy causes an increase in the demand for housing; the increased demand for housing drives real-estate prices and rentals through the roof. And then affordable housing becomes completely inaccessible."
William Baldwin
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