Showing posts with label Housing recovery. Show all posts
Showing posts with label Housing recovery. Show all posts

Wednesday, September 05, 2012

Thursday, March 26, 2009

Recovery in Sight?

Is a housing recovery in sight?  No one has a crystal ball, but there are some very strong signs pointing in that direction.  Such as: 1) Home sales were up 5.1% in February, which is the largest single month increase on record, 2) Housing inventory is going down and is below 6 months of inventory in many areas of Indy, 3) Many homes are receiving multiple offers, 4) Many homes are selling in under 30-days, especially in Carmel, IN, 5) Buyer activity is WAY up for most real estate agents, 6) Showings for listings are increasing significantly, 7) Many buyers are asking about the $8,000 first-time homebuyer tax credit and the record low interest rates.

I think we hit bottom in February and things are turning around--finally.  Are you in a position to buy a home in 2009?  My guess is that 2009 will go down in history as one of the best years of all-time to buy a home.  I did.  Will you?