Maybe we are in a recession, or maybe not, but the showings a re picking up and the offers are coming in! With the Fed Rate at 3% and the inventory plentiful, buyers are CRAZY not to get out there and make their dollars go further!
The most recent report from MREIS indicated that prices have come down over the state. While one will not see the huge drops in value seen in the speculative markets of Florida, California, and Las Vegas, there are still good values out there. These values will not continue indefinitely!
2001 to 2002 saw a recession after the tragedies of 9/11. Within a year after, the housing market started to pick up and soared into the stratosphere. By 2005, the sky seemed to be the limit. With the slowdown of 2006 and 2007, it only makes sense that prices will begin to increase again. The analysts are predicting a bottoming out this year.
If you have a house with equity and want to buy up, now is a great time to take advantage of the opportunity. If you are a first time homebuyer, now is the time to get into the market. YOU will NOT be disappointed!
If you must sell for whatever reason, get yourself a professional REALTOR who knows the market and get priced competitively. Your house will sell!!
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