| Economy: Although in recession Obama administration is pushing stimulus. Summer Market: Generally slow, some signs of life, even a bidding war or two! Price is still the name of the game. |
Stock Market: Scary times in a Bear Market. |
| Interest Rates:Inching higher though still at historic lows. | Inventory: Some old inventory still hanging on though the best choices are being "picked off" by value-conscious buyers who think the end is here or near. More homes coming on daily, including homes in foreclosure and pre-foreclosure. |
| Pricing: Still Slipping lower, but may be nearing bottom. | |
| Trends: Downsizing across the board. In-town and cul-de-sac living. Pools are in favor. Buying in a good location is paramount again. Buyers willing to pay for "luxury" rather than size. Waterfront and waterviews are desirable. Choosy buyers demanding "good condition" of potential purchases. Rentals as an alternative to purchase. | |
