Wow! I have been BUSY! As you may already know, I have had my best year yet in real estate! Despite economic woes in nearly all business sectors, and many facing pay-cuts and unemployment, the real estate market is bouncing back!
What has caused the surge in home purchases? From my perspective several factors have caused this.
1. Interest rates remain low - we are under 7% folks, this is awesome!
2. FHA is a mere 3.5% down - and most loans are going FHA (Not much of a difference in interest rates)
3. Prices have been slashed everywhere - what a great time for a discount purchase!
4. More sellers are ready to move up since prices are lower on the high end of homes!
5. Reality has set in - people realize that prices won't get so high as they were in 2002-2006 - but, the the economy is reliant on the housing industry in so many different ways - so there MUST BE STABILIZATION!
6. The FIRST-TIME HOME BUYERS TAX CREDIT of up to $8,000 - which is set to EXPIRE November 30, 2009.
If you have not heard, most homes do not stay on the market for extended periods of time anymore - and if they do - it's usually due to the same old truths: priced too high and not properly marketed.
Most homes - including my own listings - have multiple offers - and sellers realize this!
I am so excited to approach the last quarter of 2009 as one of the top 18 REALTORS(R) in ERA's Broker council! I am as dedicated as ever to provide my clients with the utmost in service and professionalism.
If you or anyone you know if looking for a REALTOR(R) please pass on my information today!!!
*Don't forget to look for my new ad in the latest edition of HOMES & LAND*
As always,
Stacy Dover - REALTOR (R) - Building Dreams starts with Community!
Honesty, Integrity...Service you can TRUST!
