What good news! Mortgage applications have increased 11%, due to the number of first time homebuyers actually jumping into the housing market! This HOPEFULLY will help our multiple family home dwellers, to move-up into the next price range, and will continue this trend upward. Our $500K homes are sitting longer, due to this move up trend not moving as fast as we need! THANKS to President Obama for giving our first time homebuyers a tax credit to entice them to FINALLY get off the fence and start their real estate portfolio.
Good news on the horizon!