The Spring Market Is Upon Us!

By lawrence, April 13, 2010 3:32 pm

Thank you tax credits!   It feels great to be busy.  We’ve seen a serious increase in the number of buyers that we’re working with, the number of showings on our listings, and the amount of overall inquiries that we’re receiving for all things real estate related.  Is this temporary?  Is this only due to the tax credits?  I think that part of this boost in activity is certainly a direct result of the first time home buyer tax credit but I also think that consumer confidence is helping our market.  I was nervous that the tax credits would drive the Spring market and then we’d just be absolutely dead in the water.  I’m not thinking that anymore.   Of the 10-12 buyers that we’re currently working with only about 1/3 are tax credit buyers, the rest aren’t.  They simply want to buy a new home.  Or a second home.  Another great sign is that the Jumbo market seems to be making it’s way back as well.  We’re working with several clients in the Jumbo loan price range and those loans, while still requiring huge down payments (unless you’re a Doctor apparently), are seeing some activity.  This is great news for all of us.  Not just us Realtors, but for the economy in general.  Let’s all keep our fingers crossed that this continues!

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