Have we hit bottom in real estate?
Recently looking at stats and just returning from a seminar. If we haven’t hit bottom, we are sure darn close.
Some facts you may not have heard. Approximately 30% of homes in the U.S.A are mortgage free. Over 96% of mortgages on homes are not late.
In Dec of 2008, sales in California were 87% higher than a year ago. Real estate is looking better, and this might be the year that buyers and sellers can get the best deal for themselves.
Reality, 3 states and two cities account for the majority of foreclosures. The states are California, Florida & Michigan.
The two Cities are Phoenix and Las Vegas.
It’s been about 20 years since we have had such a good buying market.
Our neighborhoods, Greenfield and The Farm is starting to see sales moving better this march compared to last year. We’ll have complete stats after March is done.
Also first time home buyers, with the $8,000 credit and increase in FHA loan limits, that’s a plus for Greenfield. Previous years, the FHA loan limits were not high enough for you to get a FHA loan and buy in Greenfield, now you can!
After all if you were surfing, don’t you want to be catching the wave? instead of just missing it? It’s a great day in Colorado and getting better!!!