Wow! Things are really beginning to pick up in our local real estate market. I truly believe people have come to realize that now is the time to buy, and has been for about a year.Low prices, low interest rates, and the government's tax credit has really created some sparks.I'm not saying that housing market has fully recovered, believe me, we are all still licking our wounds. But the point is that the sentiment towards the housing market has changed. I mean every time I speak to a colleague they are off to a closing somewhere.
Of course there are still certain segments of the market that are lagging behind, but new home buyers of houses under $200k are very strong. I believe this because I see this. I get showing requests all week long for all of my properties listed under $200k. Recently, I took out an FHA buyer who could not compete with the rest of the competition. One day, while showing properties, we were at a house with four or five other parties.
I've seen business pick up at our title company too. I would not say we are doing a tremendous amount of business, but being able to pick up two or three more deals a month tells me something.
Also, In an earlier Tweet I predicted that we would see more closings of homes between 300k - 400k. Sure enough, that is happening. I myself have a contract in for $315k, awaiting short sale approval of course. My wife too is fighting for a 1.9 million deal!
All together, the trend is up. Hopefully it will stay that way. I'm a little nervous because the tax credit is about to expire on April 30th, and with the Summer looming, business can slow down some. But we are almost there. Not normalized but slowly getting back to a more steady pace of business.
Thanks for Reading!
Aaron Glassman, Broker/Owner
A-1 REALTY GROUP, INC.
http://www.A1RG.net/
**Picture of view from the backyard of my listing in Deerfield Beach.
