Spring Real Estate Market

Real Estate Agent with LONG and FOSTER REAL ESTATE, INC.

The Spring real estate market is just about here.  Things already seem like they are picking up. Mortgage interest rates are still extremely low in comparison with other periods of time. Home prices are also still very low, and maybe even still be falling in some areas, especially with the possibility of a substantial number of "Short Sales" and " Foreclosures" to hit the market in some areas soon. Some creases in FHA mortgage insurance charges will be going into effect around the third week in April.  All of these things, plus the most active season of the year should encourage buyers to move ahead and act on purchasing a home. particularly "Move up" sellers should be interested in selling their home at this time, since they can purchase a higher end home for less money. Of course this is true even though they may have to sell their house for less that what they would get in a better market. Rich Salla, GRI, ABR


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Gaye Granice
Appleseed Homes - Staten Island, NY
Associate Broker

It is a great time to buy, especially for first time homebuyers.  Hopefully, the spring will bring more buyers out!

Feb 17, 2011 07:39 AM #1
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Rich Salla

Real Estate Agent, GRI, ABR