What took you so long cautious buyer? 21 days of rain in April and May slowed down our market tremendously and now we are upon our usual Fall slowdown and we... sped up? Yes, that's right. The prices are right, the summer is over, and we are hoppin again. Now all we need is the NAR to fight, fight, fight for an extention for the 8K tax credit to our investment buyers and 2nd home buyers which make up a large amount of our property owners here in South Jersey.
Makes sense. Offer the credit to the buyers that can most likely get the mortgages. Keep our market moving! Why not? The interest rates are low and our inventory is high! And did I hear that the NAR is trying to increase the amount to 15K? Nice.
What can we do to help this action move along? Contact your local Congressmen and Senators asking them to approve the proposed extension. Stay on top of the real estate news. Take to you local MLS Board about how local offices can make a national difference.
Most importantly... keep in the face of the media with positive news!!! There is a buyer out there for every house in every market - we just have to work hard together to get them sold.
Keep on movin' real estate professionals! And if you haven't heard it yet this year - GOOD JOB!