Open houses we've done the past two weekends indicate that buyers are beginning to step back into the market. The feedback we've received is that historically low interest rates and declining house prices are attractive and having an impact on the fear that has had buyers on the sidelines.
There's a lot of bad news out there, but don't be discouraged! The Fed is taking action, the new administration has made clear they will take action--to get this economy going, and the housing market is a critical element of the economy.
Just as the naysayers hit their full-throated peak, forces are already in place that spell opportunity. Stay posted!
It's a question a lot of people are asking. One must consider one's own circumstances first. From a purely financial standpoint, it's a no brainer. More competition means more downward pressure on prices. If a lot of homeowners are waiting until Spring, you are better off getting out in front of them into the market. Are there buyers at this time of year? Yes, and they are SERIOUS buyers.
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