Hello Everybody,
Reading some articles, I noticed that there is a big surprise with Home Sales data that was just released. Sales increased 7.5% in December over November. And 44% over the same period last year.
In my opinion I think this is a strong sign that housing is finally recovering. We also are starting our 5 th year of the cycle when most believe the housing bubble popped. The history shows that is typical
cycle for recessions and recoveries. I think it is safe to now call the bottom of the market.
If you are looking for that call before your clients buy. Markets here are stronger many more multiple offers and even bids occurring higher than asking price. Price could remain the same here until Spring and Summer but it is safe to predict a price increase as soon as mid to late 2010.
If jobs creation begins in our area could even have a greater positive effect. House are cheap, interest rates are low but are starting to creap higher, home inventory is much lower than a year ago.
Tax incentives end April 2010 for first time home buyers and for second home buyers as well. If you are military and been deployed you have the entire 2010 to take advantage of the credit. BUY now if you can. Sats come from the National Association of REALTORS Quart. Report..
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