The election is finally over, the holidays have passed and the new year is in full swing. In addition to all that the new stimulus tax credit for first time homebuyers is here and the weather is showing promise of warmth and sunshine. Because of all of that the market is beginning to thaw out just a little bit here in the Defiance area. The problem is, of course, the job market continues to struggle here. GM has decided to layoff 250 employees. Defiance Metal products just laid off 93 this week and a plant in Continental is shutting down.
I'm hoping to see some changes real soon, but I don't expect a lot in the near future. The bright side is prices and interest rates are still at very low levels.
Defiance County Market Conditions
For the Week of:
Mar. 7, 2009- Mar. 14, 2009
Active Listings: 291
New Listings: 17
Price Changes: 9
New Pending: 5
Total Pending: 16
Solds: 8
Contingent: 21
Withdrawals: 3
Expireds: 4
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