After some research I have found that the foreclosure properties are being purchased at a much higher rate as first time home Buyers and investors in market after market are deciding that we are near enough to bottom. The signs of this shift are occurring now, that is, the supply of new construction and foreclosure homes are being absorbed by first time Buyers, investors, and secure homeowners taking advantage of their financial strength.  This spring may be the tipping point when market activity flourishes.  I believe it will.

This Buyer and investor activity will create its own momentum.  As more Buyers and investors choose to buy now the demand they create will stabilize and lead to market appreciation.  Did people who bought at the height of the boom in late 2005 and 2006 lose equity?  In most markets yes, in some markets they lost a lot.  Are the Buyers who buy over the next year likely to be buying at the bottom of the market and benefit from excellent appreciation?  Every indication that I see says yes.

FIRST TIME BUYERS THIS IS YOUR TIME!  The federal government is still offering a $7,500 tax credit that is scheduled to conclude in the summer of 2009.  Prices and interest rates are down.  If you are employed and credit worthy you can buy with a small amount of cash out of pocket.  FIRST TIME BUYERS THIS IS YOUR TIME!

If you are an investor with some cash, I suggest that you start looking for golden opportunities.

As always, call or e-mail.  I’d love to hear from you!