My friend Terry Keeton said that "Things do keep changing, but we all hope that by and large those changes mean progress." We certainly saw evidence of that in the housing market last week, as Existing Home Sales headed up in January for the third month in a row. They've now reached a 5.36 million annual rate, close to the long-term trend of 5.5 million and up over 5% from a year ago. This, as Martha Stewart says, is "a good thing," since the supply of existing homes has now dropped to 7.6 months, close to the 6-month ideal, which favors neither buyers nor sellers.
It is time for every buyer to consider the market. FHA loans will be going up on fees and PMI, you might be getting your tax return back is a great use for closing costs or down payment. You can still put 3% down on FHA loans and housing prices have taken a double dip again in January!!! The perfect time to do the right thing. I have been searching the Woodstock Georgia market this weekend for deals for one of my clients. You can move in to a house for as little as $40K! I mean MOVE IN!!! Sure, cosmetic issues, but wow! Almost 75% of our home sales are distress sales... BUYERS, it is TIME!
For finding homes on the internet go to my web site: www.valeriewhiteman.com and search the MLS from there!
It's a beautiful day!