Maybe we have finally hit rock bottom and are starting the slow climb out of this mess... or maybe not. No one ever knows when we're in a recession but they know when we are out of it. The biggest indicator will be that homes sales will increase, the prices will stabilize and the number of homes on the market will decline. We are starting to see signs of that with a 10% increase in homes sales in February 2008 over a year ago. Read the full story in the AZ Republic this morning here http://www.azcentral.com/arizonarepublic/news/articles/0325housing0325.html
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March 25, 2008
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More and more I am experiencing a demand for affordable homes. Homes priced below 250k are the homes that people are jumping at. The FHA raising it's limit has helped bring attention to the program that hasn't been used for the past few years. Some experts think that it will grow to be 40% of the market, that's a large increase from 2-3% it's been in the past few years. I am always available for questions regarding this program and other changes in the market.
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Posted by: Nick Heth | March 25, 2008 at 12:52 PM