Brisk Sales Outlook
December 15, 2009
Here we are at the middle of December. Here we are in the middle of the holiday season. Traditionally real estate sales slow as folks prepare for their holiday celebrations. In our office it seems as though this is not a typical December in our real estate market place. Sales for the first 15 days of December have been very brisk. Real estate agents who would just as soon kick back and celebrate the holidays are busy showing property and writing offers.
There are clearly characteristics of this market that may account for the increased activity.
1. The extension of the $8,000 first time home buyer tax credit .
2. The added $6,500 tax credit for move-up buyers.
3. The incredibly low 30 year mortgage interest rates.
4. Sellers who have come to realize that they must price their homes competitively. (They must consider the low, low prices that banks are listing their bank-owned properties for.)
Unless you have all cash, it is probably too late to purchase and close before the end of 2009, but wouldn't it be great to start 2010 with a move into your new residence? Believe it or not, this December may prove to have been the start of a revitalized real estate market.
Here we are at the middle of December. Here we are in the middle of the holiday season. Traditionally real estate sales slow as folks prepare for their holiday celebrations. In our office it seems as though this is not a typical December in our real estate market place. Sales for the first 15 days of December have been very brisk. Real estate agents who would just as soon kick back and celebrate the holidays are busy showing property and writing offers.
There are clearly characteristics of this market that may account for the increased activity.
1. The extension of the $8,000 first time home buyer tax credit .
2. The added $6,500 tax credit for move-up buyers.
3. The incredibly low 30 year mortgage interest rates.
4. Sellers who have come to realize that they must price their homes competitively. (They must consider the low, low prices that banks are listing their bank-owned properties for.)
Unless you have all cash, it is probably too late to purchase and close before the end of 2009, but wouldn't it be great to start 2010 with a move into your new residence? Believe it or not, this December may prove to have been the start of a revitalized real estate market.
posted by shirley harry at 8:50 AM
0 Comments:
Post a Comment
<< Home