The stimulus appears to be working here in the Montgomery/Bucks county areas. There is a lot of inventory however, there are a great deal of pending listings also and the January/February markets were not bad at all in comparison to previous years so.....if you are a home buyer, others are buying so why not join the crowd? Jump on the wagon!!!! If you have a good agent working for you there is nothing to fear. They will cover you every which way to assure that you are not going to get into a bad situation. Buying is still the best way to go. Go for it!
Well here is a little blog about the real estate in my area. Not great but not bad. The national average is said to have decreased approximately 15% and our area here in Chalfont has had about a 7.5% decrease. Ok, so if you are selling a home that you purchased about 3 years ago for $300k and it increase in value the next 1.5 years approx. 6% and that makes the home worth $318k and you want to sell now the price would be approx. $294k. This is a loss (before settlement cost) of approx. $6k. What is all the concern about?!!! Just think if you purchased your home 20 years ago!!!
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