The February Skinny recaps a slow start to 2010. While traditional sales were finally up, home prices are stabilizing and market times are down, there is still reason to be concern. The tax credit for homebuyers that has spurred home sales over the past few months will soon expire. Add to that, the Federal Reserve has announced it will no longer purchase mortgage backed securities which is predicted to cause interest rates to rise...2010 will be an interesting year for buyers, sellers and home owners.
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Copyright 2012 Teri Eckholm http://www.terieckholm.com/
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Teri,
Good video about real estate, buyers love this kind of information, so keep the good work and I it's always a pleasure to check your blogs !
Good to see your market moving in the right direction. I'm ready for Spring.
Hi Teri, The videos didn't pop up on my version. The site has really slowed down in response time.
Anyway, interesting points on the what the market's will do after April, and if the rates tend up that will slow down many would be buyers into postponing while they consider the ramifications. ( procrastinate ) Of course then, if they continue to wait, they will be shut out all together. I know that at 5% and below , a whole lot of people are qualifying and we can only hope they take advantage of the market while they can.
PS, After I posted my comment, I went back up and there they were, (the Skinnies) popped right up on the screen.
Ray--Glad you enjoyed...These are pretty interesting videos!
Terry&Bonnie--I totally agree with you...Time for Spring!
William--Glad the videos started working...The comments are recaps from the second video. Interesting questions and only time will tell.