Home Buyers...Where are you?

The Real Estate Market is prime for home buyers to take advantage of low interest rates and huge inventory, but where are they? What is it that they are hearing that has kept them from purchasing? I want to change the message they are receiveing whatever that message may be.

This is the perfect time to buy a new home or make an investment in real estate. There is a huge inventory of homes here in the Las Cruces market (and I would guess elsewhere too, but I only know my market). For instance, if you want a home in the $100-200,000 price range, you have 671 homes from which to choose. Move to the $200-300,000 price range and there are 580. That is a lot of choices folks. And we aren't talking all resale, some are brand new, never lived in, with all the latest bells and whistles. The competition is hot for sellers to get a buyer to come take a look.

So some sellers are offering incentives. I've seen sellers offering to pay buyer's closing costs and there's a builder in town offering six months no payments. Imagine living in a house and making no payments for six months!?!

I know that the lending world has tightened up it's strings, but most have just gone back to the normal lending requirements. The crazy "anyone can have a loan" days are gone and for good reason. People with decent credit can still buy a home and they won't lose it to forclosure due to out of control ARMS. So again I ask, Home Buyers.....where are you?