Saturday, July 24, 2010

Delay in blogging = busy month!

Nearly every day, whether I am at the office, at the pool or out running errands, I am asked, "How's the market?" I always smile and say "GREAT!" but now it is followed up by a another word...."interesting". We are really feeling the affects of the now-gone tax credit on the market. We are seeing homes listed under $150-160K moving much slower. Some properties are not even getting many showings! But higher price points, say $250K and up, seem to be moving quite nicely. That leads me to believe that many first time homebuyers are no longer in the game actively. However, if you are one of those buyers, you are CRAZY not to buy a home now. Did you know that with good credit you can get a loan near 4%?! That's like FREE MONEY!! There are great lending options out there for those with great credit. Even if your credit is not-so-stellar, there is a new program out there called Bond 77. I tell you...historically this is an amazing time to buy. Low rates, great inventory, motivated sellers. Get in the "interestingly great" market now!

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