The North Fulton Blog

Well, it appears that some of my predictions are starting to bear fruit.  In January, feeling very optimistic, I said I thought that the market would turn around by mid year.  We're almost at that point now and it appears that the real estate market is "starting" to make a comeback.  The National Assn of Realtors yesterday announced that pending home sales have increased for 3 consecutive months.  In April, the Pending home Sales Index rose almost 7 percent!  The increases were blamed on the record low mortgage rates and the first time home buyer tax credits.  It also didn't hurt that we have very high levels of inventory homes available. 

As these incentives and low interest rates continue to sink in to everyone's conscious and subconscious minds, more "potential" home buyers will get off the proverbial fence and take advantage of this current market.  As I've mentioned in previous posts, the State of Georgia also has jumped on the bandwagon with their own $1800 tax credit for ANY homebuyer.  Their tax credit stretches over 3 years, but it's still something to help keep your money in your pocket!  Money is available and lenders are loaning it to worthy home buyers. 

I'm looking specifically to help first time buyers.  I enjoy working with people trying to build something for their future and find a home for themselves and their family.  I've had some recent success in working with several couples and a few singles moving out of apartments or leaving home to be on their own.  If you are or know of some people that fit this description, please give me a call at 770-354-0616 so that I may contact these people and help them on the path to homeownership.  It's a great time to buy a home and if you or they miss this opportunity, it will be a long time before this situation repeats itself.  Thanks. 


Posted by Tom Esposito on June 3rd, 2009 2:19 PMPost a Comment (0)

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