Bloomberg News reported a 22% increase in housing starts from January 2009 to February 2009.
Though this still represents a 50% decrease compared to February 2008, it is a sign that the market is on the road to recovery. A slow recovery, but recovery nonetheless. No one expected an overnight revival.
There is a 10-month supply of homes on the market, but there are many incentives available to spur both new homebuyers & move-up buyers to jump on the purchase bandwagon.
It’s a buyer’s market, mortgage interest rates are still at amazingly low levels and the new tax rebate represents guaranteed extra cash in the pocket.
Just ask if you need a recommendation to a top-notch realtor who can help you find the perfect home.
Your questions and comments are welcomed too.
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