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Archive for April, 2010

Existing Home Sales

April 22, 2010 Leave a comment

Existing Home Sales were reported at 5.35 million, higher than the expectations of 5.28 million. The inventory of unsold homes fell to an 8 month supply as compared to last months reading of 8.6 months, thanks to the increase in sales last month. This is likely a result of the First Time Home Buyer Tax Credit, which is near the end. It will be very interesting to see how this report fares in future months as the Tax Credit expires 4/30/2010.

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Is the Market Settling Down?

April 18, 2010 Leave a comment

So much has happened over the last 2 years in the housing market it’s hard to know if it’s a good time to buy, a bad time to refinance, or a good time to invest in real estate. Here is an article from CNNMoney.com that might help give you a little insight into what some experts are saying and to help you decide what the right move is for you. “6 Housing Trends in a Still Shaky Market”

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Price Isn’t Everything

April 14, 2010 Leave a comment

In today’s economy homebuyers seem to focus on only one thing….the list price of a home.  There are so many other factors to consider when looking for your dream home, but sometimes people lose sight of them when they are so obsessed with finding a good deal.  Buyers even put aside the things that are most important to them like location or school district because they found a bargain on a home that they normally might not even consider. 

There is a great article that discusses this topic.  “Don’t Shop For a Home on Price Alone.”

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