January outlook for local real estate…
on Thursday, January 7th, 2010 at 5:14 pm by kristabThe view in January: November and December housing numbers all looked very good. Inventories are declining which is interesting because that’s going to have an impact on the price of homes.
Basically right now is the optimal time if your going to buy a house. If your a 1st time home buyer, you still have the tax credit. Free $8,000. If your an existing home buyer and have lived in your house 5 in the last 8 consecutive years. Free $6,500. Secondly, interest rates are starting to stabilize and maybe even starting to see a tick up in the interest rate numbers. That happened last week, I believe we are going to continue to see it through this coming week and maybe through the month of January based on what I’m hearing through the lenders. Now that’s all signs that the economy is improving. It’s going to start to impact the availability of money and where we go. If your trying to second guess and maybe get a better scenario, I don’t recommend it.
