"The Capital Region real estate market remains strong. Pending sales are up for the sixth consecutive month. Available inventory has risen which is noteworthy for buyers; especially those who are considering utilizing the first time or move up buyer tax credit. Consider these "market ingredients":
1. Interest Rates: They are near historic lows. This is a great benefit to both first time and repeat buyers.
2. Incentives: Beyond the great tax advantages of home ownership, the Federal Government has extended the First Time/Repeat Home Buyer Tax Credit through April 30th, 2010 [with closings occurring by June 30th, 2010].
3. Inventory: While there is ample available inventory for buyers, the market still can sustain additional inventory in almost every price point. This is a benefit to buyers and an advantage to prospective sellers.
4. Prices: Affordability is at record levels now!
These four ingredients combine to create the great recipe for home ownership!
For additional information on how to buy a home or sell a home, please contact me directly.