Comments on: Homes Are Moving Quickly! http://www.pruvoices.com/2009/06/homes-are-moving-quickly/ Conversations in Real Estate Tue, 16 Mar 2010 14:43:06 -0600 http://wordpress.org/?v=2.9.2 hourly 1 By: Adam Chinn http://www.pruvoices.com/2009/06/homes-are-moving-quickly/comment-page-1/#comment-1202 Adam Chinn Wed, 01 Jul 2009 01:01:18 +0000 http://www.pruvoices.com/?p=1470#comment-1202 Michael, From my conversations with people, it seems like many are finally realizing what a great opportunity it is for them to buy. With the combination of low interest rates and low pricing it would be a great opportunity for them to buy. Many buyers are finding that the inventory is much lower than before and are now not able to be as selective they could be last year, or even earlier this year. It also seems like many buyers were waiting for the bottom and many times people don't know where the bottom is until it has passed. Interest rates have gone up and down a little more recently, combined with the decreasing inventory, and the trend of more buyers coming out after winter could all contribute to the activity in the areas that I have mentioned. What are your thoughts? Michael,
From my conversations with people, it seems like many are finally realizing what a great opportunity it is for them to buy. With the combination of low interest rates and low pricing it would be a great opportunity for them to buy. Many buyers are finding that the inventory is much lower than before and are now not able to be as selective they could be last year, or even earlier this year.

It also seems like many buyers were waiting for the bottom and many times people don’t know where the bottom is until it has passed. Interest rates have gone up and down a little more recently, combined with the decreasing inventory, and the trend of more buyers coming out after winter could all contribute to the activity in the areas that I have mentioned.

What are your thoughts?

]]> By: Michael Monozon http://www.pruvoices.com/2009/06/homes-are-moving-quickly/comment-page-1/#comment-1161 Michael Monozon Mon, 22 Jun 2009 21:30:33 +0000 http://www.pruvoices.com/?p=1470#comment-1161 Hi Adam interesting information, any opinion on what is driving so much activity in the area you mentioned? Hi Adam
interesting information, any opinion on what is driving so much activity in the area you mentioned?

]]> By: Larry Franzella http://www.pruvoices.com/2009/06/homes-are-moving-quickly/comment-page-1/#comment-1158 Larry Franzella Mon, 22 Jun 2009 15:07:15 +0000 http://www.pruvoices.com/?p=1470#comment-1158 The $8,000. tax credit, favorable interest rates, and reduced prices have really shrunk the inventory creating a tremendous demand. The senario that you talk about in the entry level market is extremely common. Larry The $8,000. tax credit, favorable interest rates, and reduced prices have really shrunk the inventory creating a tremendous demand. The senario that you talk about in the entry level market is extremely common.

Larry

]]> By: Brian Boisson http://www.pruvoices.com/2009/06/homes-are-moving-quickly/comment-page-1/#comment-1157 Brian Boisson Mon, 22 Jun 2009 14:49:16 +0000 http://www.pruvoices.com/?p=1470#comment-1157 Adam, Thanks for the report, and that is good news. Although it is tough when you are representing the buyers, they are being educated about the market and when the right property becomes available, they will know what to do. Lets go get listings! Brian Adam,

Thanks for the report, and that is good news.

Although it is tough when you are representing the buyers, they are being educated about the market and when the right property becomes available, they will know what to do.

Lets go get listings!

Brian

]]> By: Lee Ginsburg http://www.pruvoices.com/2009/06/homes-are-moving-quickly/comment-page-1/#comment-1155 Lee Ginsburg Sun, 21 Jun 2009 06:16:35 +0000 http://www.pruvoices.com/?p=1470#comment-1155 Yes, Adam the market is hot. Has been hot under $500,000 for the last 3-4 months but I have now seen the activity move up to the $700,000 bracket. If the home is priced correctly it is moving fast. Some sellers will look at offers as they come and others would like the property marketed for a week prior to reviewing offers. I was out farming the other day and several people told me they heard the market is picking up. I think it is getting out to the public and what will help our educating the buyers. Lee Yes, Adam the market is hot. Has been hot under $500,000 for the last 3-4 months but I have now seen the activity move up to the $700,000 bracket. If the home is priced correctly it is moving fast. Some sellers will look at offers as they come and others would like the property marketed for a week prior to reviewing offers. I was out farming the other day and several people told me they heard the market is picking up. I think it is getting out to the public and what will help our educating the buyers.
Lee

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