Anthony Carr of Realty Times has more good news for us.
It is indeed a buyers’ market, but we already knew that.
However, he quotes the Commerce Department’s [tag-ice]housing[/tag-ice] figures for April sales of new single-family homes. Sales jumped 16.2 percent. That does not signal bad tidings.
Carr also thinks buyers should quit sitting on the fence and go for it now.
That’s because prices may have bottomed, or are near the bottom. Even it they haven’t, lots of seller incentives are being given to buyers such as seller contribution to closing costs. Those conditions may not last much longer.
“More than half of the nation’s [tag-tec]housing markets[/tag-tec] are appreciating or have at least stabilized,” Carr also points out.
Last, but not least, he talks about the commercial [tag-self]real estate market[/tag-self] which is looking good.
Why is that important?
It means jobs. Jobs bring stability to an area and new homeowners, which will add more buyers into the real estate market.
Things are looking up.