For the past year I have been telling everyone not to miss the boat on buying a home. Our prices are at 1999 levels and in some areas we are already seeing an increase in pricing. Interest rates remain great at around 4.75% - 5%. In our area, the bottom was really last year, we have held steady the past 12 months.
Ok, now I know some of you are saying that I'm just trying to sell homes. Well of course I'm trying to sell homes, but I'm not going to lie to sell a home. For those of you who know me, you know me better than that. Luckily our business is good and has been good for several years. Even if it weren't, I wouldn't lie to make a sale!
The largest indicator of our market is inventory. In Sept. 2010, we had 5,800 single family homes on the market. Today we have just over 3,000. With inventory low, it's just a matter of time before our housing prices increase.
To check out the fastest growing areads in the country, go to:
http://lowes.inman.com/newsletter/2011/07/12/news/146960
If you have any questions, please let us know. We are always here to help!
Mitch
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