Saturday, January 2, 2010

New Year, New Market?

Not bloody likely. The banks are still trickling in their foreclosed properties, plenty of home owners are still short selling and equity owners are still staying put. However, our median resale home prices have been inching up every so slightly, but still up. A definite positive sign. And with the extension of the first time buyer tax credit, which is also including move-up buyers, we still have plenty of buyers out there fighting for homes. Considering this has been our market for the last few years, this may be the new "normal" market.

Despite all this, it's still fun, exciting and rewarding to be part of this craziness.