Will Spring Come Early This Year?

By Art Marine

Mortgage and Lending with Mortgage Solutions Financial

January 26, 2010 07:49 AM

I think we are poised for an early Spring buying season for real estate in 2010. Several factors come together to make this possible.

Real Estate prices have dropped like a rock. Some areas have dropped 40 to 50% or more. The clearance sale is on!
The federal homebuyer tax credit will expire on transactions that do not have an accepted contract by April 30, 2010.
Interest Rates remain very low...30 year fixed rates in the 4's.
Changes in regulations could create fear of change for those looking to buy homes in the next year. There is even talk of elimination of FNMA and FHLMC.
There has got to be significant pent up demand. We have had very sluggish home sales for the last two years. People need a home to live in and they won't remain renters forever.

All of this adds up to robust real estate sales for February, March, and April. The clearance sale is on...don't let it pass you by.

Art Marine

Branch Manager

10220 SW Greenburg Road, Suite 250

Portland, OR 97223

503-764-4005 direct

503-799-7085 cell

1-866-510-4716 fax

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Jeff Dugan

Century 21 Absolute Realty - Ridley Township, PA

i sure hope it comes fast

Jan 26, 2010 09:08 AM

Connie Hall

All Brokers Real Estate - Portland, OR

I think you maybe right, we are seeing more and more calls coming in. Calls usually lead to sales eventually, so here is the start of the wave.

Feb 01, 2010 11:46 AM

Evelyn Johnston

Friends & Neighbors Real Estate - Elkhart, IN

The People You Know, Like and Trust!

Come on Real Estate Buyers, I am ready, willing and able to handle some business...

Feb 16, 2010 01:29 AM