Signs of an Improving Housing Market

There are some signs that the U.S. may be pulling out of the nationwide housing downturn. 

There are some indications that home sales will begin to rise again, but it is just a matter of time.  “National real estate brokerage Coldwell Banker Real Estate is seeing buyers push life plans up as a result of the economy, and seeking deals on their retirement homes.  First-time buyers are coming back into the market,” says Jim Gillespie, president and CEO of Coldwell Banker Real Estate. 

These changes are brought about with the help of federal incentives, which include an $8000 tax credit for first-time, residential buyers.  The fact of the matter is that if you are planning on buying a home, now may be the time to act.  Interest rates are at all time lows, inventory levels remain relatively high, meaning that the buyers will be presented with great selection, and discounted pricing.