Third Monday Market Update

The DOW is up, the confidence in our economy is rising, but our market has not quite caught on this two factors. Prices have not cleared the bottom yet, but average prices seem to be holding steady for now. So, what do the economic experts say is going to happen over the next few months.

 

Two Fronts
By most measures the economy is on the mend. Does that mean housing is as well? In his commentary this month NAR Chief Economist Lawrence Yun says the answer depends on two potentially big support factors: Jobs and Confidence. (NAR, Real Estate Insights April 2010)

 

While Mr. Yun seems to have been correct predicting our depression, he does not seem to be clear on when we are going to start a - nation wide - growth out of the mess. Many other economist agree with Mr. Yun, we will begin to grow (economy) when our consumer confidence starts to rise and more jobs are provided to the unemployed.

 

Regards,

 

 

Marc White
Marketing Specialist, ABR, GRI, ePro
Broker/REALTOR, Top 10 Listing Agent for 2009
Direct 828-406-2134
Marc@CedarFallsRealty.com
Make sure your REALTOR is RE-MARC-ABLE!

 

 

First Monday Market Update

Spring is fast approach the High Country; we started to see tree's budding. With high expectations from many people over the Home Buyers Tax Credit, we have yet to see a major jump in the number of properties under contract.

 

We still have a less than a month left until the Home Buyers Tax Credit time frame comes due. Buyers have to be under contract before May 1, 2010 to take advantage of the tax credits (and they have to close before July 1, 2010).

 

For homes under $300,000 (and maybe even a few over $300,000) it is imperative to stand out in the large crowd. Homes that are over $400,000 are in a very difficult market at the current time. Most of our seasonal buyers have not started looking this year, and probably wont until June or July.

 

 

Regards,

 

 

Marc White
Marketing Specialist, ABR, GRI, ePro
Broker/REALTOR, Top 10 Listing Agent for 2009
Direct 828-406-2134
Marc@CedarFallsRealty.com
Make sure your REALTOR is RE-MARC-ABLE!