Are we there yet?

Many experts believe and are reporting that we are beginning to see a upswing in the national real estate market. What do you think?

I feel the same way.

• I think that the tax credit that the government has offered to first time home buyers has really helped to spark some activity.
• Buyers are starting to realize that they need to get off the fence before rates go up. After all, a 1% increase in interest rates can wipe out a 10% decrease in prices. Besides, are prices really dropping anymore?
• Sellers now know that they need to take a slight hit on the sale of their current home in order to make out big on a new purchase.

There is no question about the economy being in the gutter, and the uncertainty in this country. People are scared and rightfully so. The question is whether holding out now will give you a better position in the future. No one knows.

Joshua McKnight 

http://www.joshmcknight.com