5 Reasons I know the Market has Picked up!

What is causing this spike in Real Estate. Is the economy recovering and the market expanding?

Real Estate is a commodity. It can be bought, sold, leveraged and traded. Commodity prices are based on many variables. Price, availability, supply, demand, the ability to trade and and the ability to borrow for or on.

Prices are down,supply is up,demand has been stimulated by the First Time Home Buyer $8000.00 credit and the $6500.00 Current Home Owner incentive. Interest rates are very low. Banks are beginning to lend again.

1. My sales in Grand Junction have increased.

2. My buyer inquiries have escalated.

3. Showings on my listings have increased.

4. I have sold a bigger percent of my listings compared to last year. Most all the buyers have used the tax incentive.

5. Reasonably priced homes are selling within 30 to 60 days.