NO, it's still not a pretty picture, but those of us who are watching the market closely, are in agreement that there are signs of a possible pending uptick in the not too distant future.
Of interest ( to me anyway) in this report are the March residential sales reported. Of 19 sales, 6 (almost 1/3) were cash sales. This adds weight to my theory that much of the selling activity we have seen are for investor types looking strictly at value, and people converting low paying investments (cash, savings accounts, low interest cd's, etc) into something with a traditionally better return. The risk seems low and potential high vs. current financial returns we are getting at the bank.
I believe there are a number of folks who don't want to get shut out of what is looking like one of the better buying opportunities in recent times (one of the best that I've seen anyway).
Having aggressive cash buyers in the market place is working out for some Sellers too. Sellers interested in quick sales can get it done by making their home the BEST value in their price range. I like the fact that there are aggressive buyers in our market who are not just out looking... Action from these buyers is good. With all of the inventory available, I just wish there were more of these aggressive players to go around.
Whether buying or selling, it's important to take advantage of the opportunities where they are found.
I believe the increased activity we are seeing now is NOT attributable to the expiring First Time Buyers Tax Credit coming to an end later this month. It appears that we are seeing a bottoming process that's trying hard to get some legs.
Many of the tube's talking heads are in the camp that it will be years before we go full circle and put this downturn to rest. Although it generally does take time for a down market to turn fully and be realized, it could turn on a dime with the right circumstances.
Real Value properties seem to be more available here now than at any time in my years as a REALTOR.
See the stats online now. Click Here
I'd like to help you meet your goals. I welcome your questions too.
I'm proud to announce a brand new University area Listing. Great Location. Only 2 Blocks from the college and within walking distance to old town and all services. This 3 bedroom, 2 bath home is a winner in every way. Clean and neat. Private. Move in Condition. Move in Price.
Must see before she's gone. See image and contact Archer for showing or for more information and pictures. Listed 4-5-2010
Must see before she's gone. See image and contact Archer for showing or for more information and pictures. Listed 4-5-2010
aarcher @ (at) dreamhomenewmexico.com
Call 800-368-5632 #17 for details
Call 800-368-5632 #17 for details
1 comment:
This is really a wonderful living space.
Paula M
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