Last Weeks Stats

LISTINGS Residential (Single Family & Condo)
April 13-19, 2009 602
Last Year 686
SOLDS
April 5-11, 2009 133
Last Year 163

Advertisements

Statistics

LISTINGS Residential (Single Family & Condo)
April 6 – 12, 2009 572
Last Year 662
SOLDS
March 29 – April 4 , 2009 195
Last Year 278

6 Reasons It’s A Great Time To Buy

The housing market is looking healthier. Here are six reasons why now is the time to jump into the market.

1. Uncle Sam is willing to help. First-time buyers (defined as anyone who hasn’t owned a home in the last three years) are entitled to a maximum $8,000 tax credit; interest rates are at record lows; and the Federal Reserve is doing its best to make mortgage loans available. (Sign up for a Webinar to learn more about the home buyer tax credit)

2. People have to live somewhere. About 800,000 new households are formed each year in this country, ensuring that the housing market will tighten, even if the economy doesn’t soar.

3. Borrowers leverage their investment. If you put $10,000 into the stock market and it earns 10 percent, you’ve earned $1,000. If you put $10,000 down on a home and its values increases 10 percent, you’ve made $10,000.

4. When prices come back up, you’ll have instant equity. In parts of the country where foreclosures have driven down prices, better times will mean the price of the home you buy will rise rapidly.

5. Mortgage costs stay the same. If you get a fixed-rate mortgage, the monthly payment stays the same – while everything else, including rent, goes upward.

6. You own it. There is something comforting in the notion that your home is your own. You can paint it any color you want, let the dog run in the back yard and hang a swing for the kids in the front.

Source: The Wall Street Journal, June Fletcher (03/27/2009)

Statistics

LISTINGS Residential (Single Family & Condo)
March 30 – April 5, 2009 621
Last Year 823
SOLDS
March 22 – 28 , 2009 216
Last Year 267

LISTINGS Residential (Single Family & Condo)
March 23 – 29, 2009 645
Last Year 635
SOLDS
March 15 – 21, 2009 168
Last Year 241

LISTINGS Residential (Single Family & Condo)
March 16 – 22, 2009 609
Last Year 576
SOLDS
March 8 – 14, 2009 176
Last Year 202