Markets go up, markets go down. Sometimes we see it coming, sometimes we don’t. It all depends on what both consumers and businesses are buying, and when. How can we tell if and when real estate will recover? We need to ignore short-term fluctuations, like the spike in home sales last November, when buyers thought [...]
After four years of declining home sales, the numbers appear to be finally turning back upward, with closed sales and pending contracts at above-normal increases.
It’s the best news in real estate since last year’s First Time Home Buyers Tax Credit: an estimated $22 billion will pump into our economy as a result of the government not only extending the tax credit, but including current homeowners, too. The existing $8,000 maximum credit stays in place for first-time buyers. A “first-time” [...]
A recent profile of buyers and sellers compiled by the National Association of REALTORS® has revealed promising, if not surprising statistics about the changing face of the marketplace. The percentage of first-time buyers is on the rise, and they are making their purchases for the long term. This makes sense, as first-time buyers aren’t struggling [...]
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