Hello May! Usually we see Memorial Day hopping with prospective buyers & sunny weather, contracts & construction. This month was abnormally wet... yet quite possibly the best weather in which to clean out that garage.
It seems there are equal numbers of negative and positive reports on our economy, the recession, and the housing market slump. Today alone I heard that a) housing prices were up, and b) don't plan on selling anything for another two years. When your buyers are asking whether it's a good time to buy, I must answer that it depends entirely on what your motivations are.
If you want to purchase a home in which to live---without winking at the realtor and grinning, "Well, at least for the first two years--" THEN it's a great time to buy. Interest rates on a thirty-year fixed rate are astoundingly good. But the flippers? The thirty day flip is gone. HGTV really needs to cancel 'Flip that House', because it isn't working that way anymore---and the mentality that you could make mega-bucks on a weekend flip isn't based in reality.
Concentrate on purchasing quality. It really matters---and you CAN tell the difference.
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