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Real Estate: A Bumpy Road Ahead?
Imagine if we only had a crystal ball. Our major financial and life decisions would be so simple to make, and there would be no risk and no worries. Unfortunately, we do not have that luxury. Our decisions must be made upon solid data and information.Over the past year, you may have heard a repeated message; now is a good time to buy. From the data we have, we do in fact know that it is a buyer's market, and a good one. A wide variety of inventory is available, and interest rates are still low, making this an unprecedented time for buyers to take advantage of the market, and many already have.In its latest release, the National Association of Realtors® states, "pending home sales rose in February, potentially signaling a second surge of home sales in response to the home buyer tax credit. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 8.2 percent" compared to the same time last year.Unfortunately, there are several factors that could impact the future direction of this market, making the road ahead a bumpy one, and uncertain at the very least.The tax credit has expired and many industry ... more

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