Wait a minute it’s a note from Bill Curtis! Oct 26. 2008
It has now been five years that I have been in the real estate business. It has been a wild ride, but I love each part of it. One thing is always constant in our local market and that is change.
Wow! Can any of you believe what a difference six months has made in our economy and local lifestyle? Every one has been affected and we all are doing and thinking of our personal priorities differently.
Out side influences are affecting the strength of our local market. The experts say that ups and downs of a market can be measured in six month segments. In my opinion we have come close to the bottom of our down swing news in Davis and Weber counties.
And we are on the upswing! Consider these positive market conditions:
- Confidence again is being built in the lending business with the Nationalization of Fanny Mae and Freddy Mac.
- Interest rates just slipped to 5.5% for qualified buyers, and great loan packages are still available.
- Single family home values continue to slide back to 2004 levels.
- Big bargains and inventory exist in $300,000 plus homes in Davis and Weber.
- Homes under $250,000 are selling at the same rate as always.
- Clean Homes in the $150,000 to $200,000 range are on the market on average only 45 days.
Timing of the market is always a gamble. The only sure way to predict trends is to wait six months and see what happened. So, according market conditions and your personal needs, now is the best time to buy and sell! If you are thinking about changing homes call me for a great deal and straight ahead analysis about what your home is worth. There are deals out there, call me and I will find it for you!
Sincerely,
Bill Curtis