East of the River Real Estate

As we ring in the new year many people are asking about the overall health of the economy and what can we expect for the new year.  The question inevitably comes around to real estate, "Mike, what are you seeing?" or "Mike how is the market here in town?".  Well, what I am seeing is an increased activity in the general market.  My feeling is that there is some pent up demand.  In fact, you could say we are having a sale!  Pricing is still the key factor.  Sellers want more and buyers want less but prices are attractive and interest rates are still extremely low.  The government has helped by extending the $8000 tax credit to first time buyers and offering a $6500 tax credit to repeat buyers.  (More info in the NAR press release can be found at NAR-Tax-Credit_Release110509)  So if you are thinking about making a move, please contact a local Realtor and learn more about your specific market conditions.