spring market: Where did all tthe buyers go? - 06/07/10 01:37 AM
So, since the Federal Tax Credit has ended it seems that there's been a dramatic drop in the number of buyers actively seeking and purchasing Real Estate.  The obvious question is why?  Is it mainly because of the loss of the Federal tax Credit or has it also been signifinantly impacted by other factors like the overall lack of jobs, state of the economy, lack of consumer confidence and or the crazy oil spill and lack of control of it in the Gulf of Mexico?  I guess we'll figure this out fairly soon as the Spring Market ends.  Rich Salla, GRI  

spring market: What's next in real estate? - 05/20/10 01:21 AM
Where do we go from here?   Mortgage rates are still at all time lows, but there seems to be some question if buyers are willing to act at the present time. They may be choosing to wait to make their move since prices are still dropping in many areas.  The April 30 deadline expiring for buyers to qualify for the Federal Tax Credit certainly has an impact.  The Spring market is quickly drawing to a close and seems to be better than last year, but maybe not as productive as many Realtors would like it to have been. Sure we have some time left, but … (5 comments)

spring market: Real Estate Market - 05/17/10 01:13 AM
Some Real Estate experts experts are predicting a reduction in sales and a further down turn in home prices due to fewer buyers being able or willing to act in making a purchase.  This is somewhat being attributed to the ending of the Federal tax credit mainly for first time home buyers and but even certain qualifying existing home owners having had to be under contract by April 30, 2010.   If this holds true it may even be further impacted by these same buyers having to close by June 30, 2010 to meet the second dealine to be able to qualify for the Federal Tax credit.  Rich … (0 comments)

spring market: Spring Market - 04/28/10 12:14 AM
Things certainly seem to have picked up for the Spring Market.  However, it's looking like the Feds will not extend the First Time Home Buyer Credit and requirements remain to be under contract by this Friday, April 30 and settle by June 30.   Also, we are well into the Spring market calendar, so hopefully sellers are taking advantage of this best time of year to sell their house.  There's some time left, but the Spring market will start drawing to a close in the coming weeks.  Rich Salla, GRI 

Rich Salla, Real Estate Agent, GRI, ABR (LONG and FOSTER REAL ESTATE, INC.)

Rich Salla

Real Estate Agent, GRI, ABR

Parkton, MD

More about me…



Office: 4105(839) 400-6260

Mobile: (410) 615-2369

Email Me



RSS 2.0 Feed for this blog