EVERY day in Real Estate is fun, and my favorite question from people is "So, I hear home sales have tanked. Is that true?"
Well, yes and no. To be totally honest, home sales in the Chippewa Valley for the month of July 2010 were down from home sales in July 2009, primarily because of the drop dead date for the Homebuyer Credit. It is currently estimated that 57-60% of people interested in purchasing a home have done so already this year, which is a little bit lopsided as far as the "normal" bell curve is concerned. However, home sales overall for the year are up significantly from last year, and I can only see improvement from here on out.
The phones have begun ringing again, showings are being booked, and in utilizing social media property exposure is through the roof!
Further, while the Chippewa Valley has experienced a slight depression in home sales over the past 2 years, we are much, much healthier than most of the country and our market has a lower percentage of distressed properties than many other market areas. This is good news - it does help keep home prices where they need to be and means that most of our neighbors actually can afford to own what they live in.
So, thinking about buying or selling? Now is a GREAT time to buy! Interest rates are at fantastic new lows, home prices are still as low as they are likely to get and there are plenty of people out there looking! Check out my current listings at http://www.cheeseballoon.com/ and call now - I'd LOVE to sell you your next home!
