Whats all this talk of a slow market???

We all have to stop thinking it is a slow market and it will improve.

I have been working with a lot of first time home buyers as well. Perhaps with the down market they feel more confident that they will be able to get their own home. 

I have four in escrow and business is good for me. I don't buy into the slow market.

Sandra,

Thanks for the post. Buyers are taking longer to enter into a contract, hence closings are taking longer to be consummated. The market is much slower! However, homes are being sold!

I've been delighted that my buyers can finally take the time they need to feel comfortable about their purchase with some certitude that the home they want will still be there the next day. The Seattle area is maintaining a steady upwards appreciation in most areas, but not the dramatic momentum we had in the last few years. How are prices in your area? Are they continuing upward, flattening out or declining?

We have some great first-time homebuyer programs in my area that are state sponsored which make it possible for some first-time homebuyers in the lower income ranges to get more favorable interest rates and sometimes downpayment assistance. Do you have that in your area?

Hi Sandra, The same here in Illinois. The world goes by but our midwestern roots tell us to take care of our families and provide them with shelter. It's just ingrained in us. The market is warming up. If just for a couple of months.

I have also seen a bunch of first time buyers coming out, and with a bunch of cash.  # out of my 5 first timers that I am currently working with are coming in with 40% down or more.  They have been saving their money for the market shift and are ready to make their move.  I love it.

It's a slow market only if you think it is! Some Realtors are as busy as ever, really good Realtors don't even think about the market. They can make it happen on their own.