Thursday, January 01, 2009

Don't buy a house in 2009!!!

Yeh Right! Our activity for the past 10 days has shot through the roof. I think people are finally starting to act normal (what ever normal is) and relizing that with interest rates at around 5%, and prices down in the magic valley almost 10%, then it may be the best time in decades to buy. All of my buyers the past few months have had good credit and down payment money. Imagine that, all the banks are asking is that the new owners put a little "skin" into the game, and the money is still there. I have already seen a little loosening of credit scores from where it was a few months ago, but not at levels we saw 2 years ago. Those days are loooong gone. I've said it before, and I'll say it again. We are at the bottom right now. We will scrape bottom until mid-summer, then start to see a slow increase after that. Be ready!!! With the decrease of around 50 agents from our local association, and perhaps more to come, those agents that position themselves for late this year will reap huge benefits when it does pickup.

Have a great 2009....

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