Time is Running Out! You've heard about the $8,000 tax credit for first-time buyers...but did you know that it expires at the end of 2009? Combine that tax credit with super low interest rates and extraordinarily low home prices and you've got plenty of incentives to buy. Plus, lots of other folks are buying.
Market Dynamics are Changing
From May 08 - May 09: The number of new properties listed by month is down 29% in Pleasanton. The number of homes under contract (pending) by month is up 41% in Pleasanton. Please contact me for market stats on your city or neighborhood.
Interest rates are experiencing upward pressure and are not going to stay this low indefinitely. Important reminder: An improvement in the economy will likely push rates higher over time, which is why it's important to take action during this opportunity of low rates.
Both buyers and sellers need to understand the strategies it takes to get the best deal in this type of market. Please contact me if you are thinking about buying or selling a home.
