During the last week we have witnessed many claims of market stabilization, improvement in the housing industry, and the reaching of certain benchmarks in loan modifications. I am certainly a champion of positive news and would welcome a warm feeling of a strong economy as the holidays approach.
That being said, I am concerned as to the legitimacy of some recent claims, and more importantly, their sustainability. What appears to be very clear to me is that anyone interested in buying or selling a home today has a great opportunity for a limited time. Interest rates are low, prices are low, and while many homes have sold recently, there is still a large selection.
What is even more clear to me, is that a seller in this market should become very aggressive while these conditions exist. To any seller, I would ask the question, "Do you feel that there will be more or less home buyers when the tax credit ends, and interest rates go up?" For buyers and sellers alike, now is the time to make a deal happen. Click here to see the video I have created.
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