Only 16 days left to qualify for the Federal tax credit. One must be under contract by April 30 and closed by June 30.
Now a little cheer leading. Today's news shows low inflation and a surge in retail sales. Both of these are just what the Doctor ordered for the economy. I believe that about 80% of the U.S. has moved on and is behaving economically about like normal (with a little more conservative slant). The other 20% is struggling with various employment problems which are going to continue to be slow to resolve.
If you read a lot you are overwhelmed with negative stats about real estate values. The truth is that, yes it has been a tough time for those who are invested in real estate. But that is very unusual. While the S & P has gone nowhere in the last decade (actually a little loss), real estate had still had gains. In fact even in the last 5 years ( which included the worst of times) all but 6 states have shown appreciation in home values. In that time frame many states have shown appreciation of 20-30%.
Numbers for Tennessee and Kentucky show a loss in value for the 4th quarter of 2009 of 1.22%, a loss last year of 3.12% and a surprising gain of 19.73% for the last 5 years. It is surprising only that it is not reported.
Bottom line, if someone is thinking of buying a home it is time.
Buy the way, we are going to just post a video every other week, but the good news is there will be a contest at least once per month.
If your worried about foreclosure American Eagle Realty can help you with solid answers about your rights and options before your house is foreclosed on! We are experts in the Short Sale Process and have the experience needed to work with your bank! Contact us we can help.....
American Eagle Realty
www.american-eagle-realty.com
502-969-1801
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