By Sara Huebener
I don't know if it was the warmer temps, or if people are really starting to see the positive aspects of purchasing a home in today's real estate market. But I DO know that buyers were out in droves this Sunday, going through open houses. The heavy traffic through my Super Bowl Open was refreshing!
Most of the people through the open house were toying with the idea of buying a larger family home to accommodate their needs. I found their comments to be very telling. Most of them commented that the deals and interest rates are so great that they are thinking about selling their existing homes to get what they really want and need for their families, and all seemed to understand that dollar-for-dollar, they would come out ahead in the long run with the purchase of a larger home.
With interest rates at 4-7/8 for a 30-year fixed mortgage, there is certainly reason to consider moving up. As long as people feel comfortable and stable in their jobs and prospects for the future, this is by all means a time to begin researching that avenue.
Spring market officially starts today. We will continue to post stats and updates on our www.WestSavageBlog.com as the market progresses. Keep watching our blog, and we'll watch the market for you.
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