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Hope Springs for Housing in 2010
Tuesday, January 12, 2010 posted by tommi
If you are serious about selling your home, then 2010 is the year for you.
- The decimated housing market is showing signs of stabilization in price and demand. Prices have actually risen for the past 6 months, through October, and overall demand has increased.
- Interest rates are at historical lows, but they have risen a half percent in the last month. Higher interest rates are a big motivator to buy now, as no one expects rates to stay this low going forward.
- The Fed extended the $8000 first-time buyer tax credit and expanded $6500 credit which includes non-first timers. This program certainly helps lure ready-buyers into the marketplace. To qualify all sales must close by June 2010.
- Homes are affordable. In markets like Phoenix, you can buy a home for $800 a month, which makes owning cheaper than renting.
While the news on real estate in 2010 is mixed, and no one is predicting a rebound in housing until 2013, the bear market is definitely in its last innings.
If you have a home to sell, there hasn’t been a better time in years. To succeed, contact Why6Percent.com to advertise your property on the MLS and real estate websites where 90 percent of the buyers are looking. It’s really that simple.
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on Tuesday, January 12th, 2010 at 3:57 pm and is filed under Flat Fee MLS, Mortgages and Loans, buying a home, current news, fsbo, marketing your home, selling your home, tax credits, tips.
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