1. Inventory is high presenting lots of choices in every price range.
2. Interest rates are historically low.
3. First time home buyers tax credit of up to $ 8,000.
4. Mortgage companies and banks have never been more competitive resulting in lower closing cost.
5. It remains a buyer’s market presenting opportunity to negotiate a better deal.
Reasons to make a decision now!
1. Tax credit will be disappearing on December 1. You need to close by this date.
2. Interest rates can not remain at this level indefinitely.
3. Sellers are becoming discouraged and removing homes from the market.
4. The real estate economy is showing signs of improvement which may result in higher home prices in the future.
Thoughts by Mack
