|
Market Update It has certainly been awhile since I last logged an article. The market has continued to gain attention by buyer, seller, and the nation and even sustained a focal point within our latest presidential elections. Reforms, changes, and rebuttal will continue, along with criticism regardless of what is being done by anyone along the spectrum. Opinions and disagreement will always abound. The home affordability index for first time home buyers in What does this mean for you? Sell only if you must. If equity is not available, discuss your options with your lender and the various new incentive programs which might be available to you. If it comes down to a Short It is not a perfect situation, but far better than a foreclosure and worth the time and effort it will take, especially if it is successful. As a buyer, what are you waiting for? You have the best of opportunities right now. Generous inventory, fantastic pricing, and lender and government program incentives, though underwriting may be more stringent and careful in regards to your approval. We are nearing the bottom of the market, but perhaps, not there yet. Interest rates will be important to watch as they may play a larger role in the affordability index from here on out. If you are an investor, this is the market you dream of. Clearly one-third of the buyers that call on my listings are investors, with the majority of these having cash payments ready to buy. You can call or email anytime to discuss your particular situation. Until next time, |