Real Estate in the Roanoke Valley is Trending Up!

After a slow first half of the year, Roanoke Real Estate is on the move and that move is UP! 

The first half of 2009 has not seen a lot of action for Roanoke Virginia Listings that is for sure.   Roanoke Virginia Buyers Agents have seen a strong surge in listings going into the pending status in Roanoke in the past month or so.  (Pending is the status that listings go into when a buyer and a seller reach an agreement to contract terms and before closing).

A lot of this activity has been helped by the $8,000 tax credit that will be expiring November 30, 2009. Consumer confidence seems to be on the rise and we are churning through some of the foreclosure inventory.  So far prices are holding steady with a little bit of an increase in Raleigh Court and the Botetourt areas.

There is still 100% financing available believe it or not!  USDA and VHDA both are offering some type of 100% financing and of course VA Loans are there for any Veteran that qualify's.

Tonight I sold a $150,000 home in Franklin County (just south of Roanoke Virginia) to a couple who are buying it with no money down and the seller is paying all of the closing costs.  The payment is right around $1,000 per  month and is the same as they were paying in rent but they own the home. 

Until next time,

Damon