Welcome to the bottom of the housing market. I didn't say this-Experts did.

By
Real Estate Agent with Keller Williams Select Realtors-Buy a home in Washington DC. Sell a home in Washington DC SP98364271

Welcome to the bottom of the housing market. I didn't say this -Experts did. But have we really reached the bottom of the housing market? Well U.S June existing home sales up 3rd straight month - MarketWatch. Last time I believed this happened was in 2005. And most of us who were real estate professionals in 2005 knew what the real estate market was back then. I think that we have reached the bottom of the housing market in some areas but not every real estate market has fully recovered.  

Picture of Tudor House, Southampton, Hampshire - Free Pictures - FreeFoto.com

But is this good news for home buyers in DC or Prince George's County MD? Is this good news for home owners in DC and Prince George's County Maryland? DC and Prince George's County MD Sellers? Or is this bad news for home buyers and/or sellers? I think this is great news for both buyers and sellers. I hear a lot from home buyers who are looking to buy a house in DC or Prince George's County Maryland how they are not ready to buy a house yet because they still are waiting for prices of houses for sale to drop.

Maybe with three straight months of housing market sales increase and the housing market finally bottomed out in some areas,this would bring out more home buyers in DC and Prince George's County Maryland. Also home owners who are not sure whether to put their DC or P.G County Maryland house on the market will finally do so now. While we are not out of a recession yet,we are recovering Barack Obama - US Economy Is Recovering. So people who are looking to buy a house in DC and P.G County MD,this is a great time to buy a house if you want the $8000 first time home buyer tax credit for DC and P.G County Md Home buyers  before 12/1/09.

Read this story that inspired this blog Welcome to the bottom: Housing begins slow rebound (AP) - Yahoo ...

Looking for a Real Estate Agent that will help you buy and/or sell your next house? Want a "Free Real Estate Market Report" in your area of choice? Register on my website at DC Real Estate. I can also be reached at my new Active Rain Outside Blog www.GetDCSold.com -We will get it Sold. Your home that is. Twitter Twitter: DCHomesforsalehttp://twitter.com/DCHomesforsale. Please give me a call at 202-378-0283 (Direct) or 301-560-6700 x1154 (Office) at your earliest convenience. Thank you very much. Looking forward to helping you make your home purchase or sale a stress free and very happy one. Have a great day. "Buy a Petworth DC home" Zip codes 20019,20020,20011,20774,20721

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Rainmaker
428,867
Betina Foreman
WJK Realty - Austin, TX
Realtor, C.N.E., with WJK REALTY

Great post. Another thing to remind Buyers hoping to get the $8000 tax credit is they must CLOSE on those homes by the deadline. Right now it takes 45 days or more to go from under contract to closed. The time to buy is now.

Aug 02, 2009 01:50 AM #1
Rainer
24,255
Carol Hanson Sheehy
Prudential Florida Realty - Naples, FL

Very good post.  Wonderful information and links!

Aug 02, 2009 04:21 AM #2
Rainmaker
150,060
Janie Coffey
First Coast Sotheby’s International Realty - Ponte Vedra, FL
Uniting Extraordinary Homes w/ Extraordinary Lives

this is great news for all! but is that buidling in DC?  It looks like Germany!

Aug 02, 2009 12:53 PM #3
Rainmaker
1,214,032
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Lanre--You have a great way with words.  Here is graphic to include . . .

Aug 02, 2009 10:49 PM #4
Rainmaker
428,867
Betina Foreman
WJK Realty - Austin, TX
Realtor, C.N.E., with WJK REALTY

I love the black and tan in the photo. It looks more at home in England than Boston. Great news for sure!! Thanks!

Aug 16, 2009 07:27 AM #5
Ambassador
1,652,405
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Lanre the advice to many right now is to get out there and buy now.

I wish you much success.

 

Sep 12, 2009 02:42 PM #6
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Rainmaker
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Lanre-"THE REAL ESTATE FARMER" Folayan

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