Buyers Are Back August 10, 2009
Home buyers are back! After a cold spell through fall, winter and spring, buyers are acting on the positives of lower prices, lower interest rates and higher tax credits. The result? An increase in sales of existing homes for the last two months. Savvy sellers who are positioning their prices for the market are the beneficiaries as they go to closing and move into their next home. Meanwhile, sellers who are holding on to yesteryear price tags are the ones now out in the cold.
As you check the graphs at my website www.BestPlaceForRealEstate.com, you will see encouraging trends with more properties going off the market than coming on. These declines in inventory are signaling a move toward an appreciating market. You will hear national statistics about what is happening in real estate, but if you are a buyer, seller or a market watcher, the local market information and trends shown at www.BestPlaceForRealEstate.com will be your best guide. As your local real estate experts, we can assist you or anyone you know in analyzing the market and more importantly, provide understanding and insight to guide a buyer or seller to fulfill their real estate needs.