Ashton's Real Estate Update
Good Monday morning to you!
Looks like Fall is starting to creep its way into Texoma this morning. The weather forecast also anticipates much needed rain - we can never say no to the rain here in North Texas.
What about the Real Estate forecast???? Many of you have called and emailed me with questions in regards to where the market is headed. While I do not have a Real Estate "radar", I do know where the market is today - and that answer is good.
The first time home buyer tax credit is set to expire on November 30. If you are looking to get this tax credit, we need to be looking asap. See www.TheFallsHomeFinder.com to make a "favorites" list and let me know when a good time for you to look is. The market is already getting tough in the ranges where these buyers are looking.
Also, interest rates are at historical lows. This is very important to remember, and often overlooked. The reality is, each time the rates increase, your purchasing power decreases - so today, you can afford more than you can tomorrow. The chart below will show you just how attractive these rates are - historically speaking.
We have also seen great results lately on the selling side here at the Bishop Group. There's no doubt its tough out there, but in this down market we are ahead of where we were a year ago.
Please let me know if there is anything I can do for you or anyone you may know this week...I'm here to help.
Make it a great week.
"You will find the key to success under the alarm clock." Ben Franklin