Our local market has not experienced the dramatic changes in values and sales activity but we are not invisible to it. The 4th quarter of 2008 showed values slightly down and closed inventory slightly down. Now that the 1st quarter of 2009 is behind us, we see good activity, an increase in sales and values will be heading back up. According to the National Association of Realtors statistics, practioners expectations for seller traffic and buyer traffic have both increased.
With interest rates being affordably low, buyers can obtain more house for the same money. Right now in B-town, we're seeing borrowed money around $5 per $1,000. What better time to buy than now?!
Friday, April 3, 2009
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