I was listening to a podcast from the National Association of REALTORS Chief Economic
advisor , Leonard Yun, and heard some very positive statements that I wanted to pass on to our internet Friends.
NARs research has shown an increase in new home sales as well as resale over the last 6 months.
Yun attributes a lot of this to the tax credit allowed for first time home buyers. This, of course, was expected
to some degree and Yun continued to say we could experience a decrease in these numbers when the tax credit
goes away later this year. We as REALTORS are taking action through NAR to have the tax break extended.
Being in the foreclosure business, I was particularly excited to hear that the days on market on foreclosure homes has
decreased. (days on Market is the number of days it takes for a house to sell.) What this means is investors are letting go of money more for investment purposes. Which is a good indicator. All of this info tells me two things. We are seeing signs of light at the end of tunnel and real estate is a big part of that up swing. It's still a long tunnel but just the same... First time buyers? Now could be a perfect time to take steps to investing in your future through real estate. Looking for good solid investments that hold their value for the long term?
Think real estate. If we can help let us know. Come see us.
