Resources

Thank you to all my friends for your referrals!

Lenders

Articles
April 2010

The Real Estate news is that prices are starting to go up. And this is in all price ranges. Before there were not a large percentage of sales in higher priced homes category selling. This is definitely changing. There is still a lot of competition for homes below $500,000 as many people are taking advantage of the historic low interest rates, affordable home prices and government incentives from the federal government and now the State has a program too. The State program does have limited funds and is a tax credit over 3 years, so buyers need to act fast! The federal program is a check directly back to you and expires soon.

Our Realtor Associations are working hard to keep these programs going, and that is good for you because the more homes that are selling in a competitive environment the more prices are going to go up. And if you are thinking of buying...don't wait!!! These incentives, prices and interest rates are not going to last forever...this is the perfect time to find your dream home.

As for investors, there are many people in the market who are buying and rehabbing homes and reselling at a profit. There is also a big group of people who are not satisfied with the interest rate t hey are getting from the bank and are buying rentals. For example, if you buy a 3 bedroom home  for $350,000 and rent it out for $2,200 that is a good return on investment. And you have an investment that is concrete..you can't drive by the stock market and see your investment growing like you can with rental property.