October 15th, 2012 12:02 PM by Taydus Taydus, AHWD, CNE, CRS, GRI
This is great news for home sellers, especially those who have been waiting to for the market to return before listing their home.
For buyers this means the time to buy is now. Interest rates remain low and now is the time to take advantage of the low rates along with home prices that may not have yet reached their max.
This is a win / win for both buyers and sellers, and a good sign for the economy over all!
The Wall Street Journal says “Home prices notched their strongest year-to-date gains since 2005, climbing 5.9% through July and signaling the housing market’s steady trudge toward recovery”….read more
Also blogged by the Wall Street Journal “If banks continue to push more foreclosure alternatives at a measured pace and if housing demand remains at its currently levels, then home prices are easily past their bottom and are approaching the self-reinforcing portion of the cycle”….read more
CNN Money says “According to the closely watched S&P/Case-Shiller national home price index, which covers more than 80% of the housing market in the United States, the typical home price in July rose 1.6% compared to the previous month”…read more
There is typically a dip during the holidays, as sellers don’t want to bother with listing and having their home shown during the holidays, and many buyers also often take the holidays off from their search. That said, the holidays can be a great time to buy and sell as there is less inventory for a home seller to compete with, and less buyers out there looking to buy (and compete with!)
I work with both buyers and sellers. Please contact me if you would like more information regarding the market in your area, or in an area you are interested in exploring!
Congratulations to
Kaan and Jana Erdener!
They are the winners of this month’s drawing –
A $25 gift card to
The Cup in Boulder (check out their AMAZING hot apple cider!)
As well as last month’s unclaimed gift card to
Southern Sun in Boulder!
Please contact my by October 21st to claim your gift or else it will roll over to next month's lucky winner!
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