In the last two weeks buyers have been coming back to the market place. There had been pent up demand for housing over the last 2 years. Buyers were concerned that the bottom was falling out of real estate and the stock market. Now that stability is coming to the stock market and there are signs of improvement on the horizon, the buyers have jumped off the fence.
One buyer at an open house commented there are a lot of good deals in great areas. He wanted to get a home now before interest rates go up and the inventory of good places is gone. He was also a first time buyer so he wanted to take advantage of the first-time buyer tax credit of $8000. More information on tax credit
Want to see market conditions in ten different areas that I track? Market Conditions