My New Blog

Hope everyone got out there to Vote!

Mortgage Rates are hovering in the 6% range and mortgage money is available. Buyers need steady employment, some cash available and good credit - these are the fundamentals that used to be in place and probably never should have changed. The number of foreclosures is finally slowing. Prices are likely at or near bottom.

The time is best of all for First Time Buyers - the $7500 tax credit is currently available until the summer of 2009.  This fall and spring are predicted to be one of the very best periods for buyer's ever with the continuing low prices and inventory.  A lot of buyers have been waiting over two years to make a move.  I believe that many of these folks will be making that purchase over the next 6-9 months. Inventory will drop causing prices to rise again and turn more towards a seller's market.

Have a good one - Carol