Information for Today’s Market

Uncle Sam to the rescue!!

October 8th, 2009

Uncle Sam to the rescue!! 

Oh this is just great weather we are having, nice cool nights and days, great color from the tree’s, grass is still green, fishing is very, very good.  Even the Real Estate business is active, yes that means there are some homes being sold and more importantly we are actually getting to closing and the lenders are lending.  Now this is not to say that everything is back  the way it was, no way.  It is still very, very hard to get loans approved and more importantly funded.  The big plus is the $8k tax rebate for first time home buyers.  This has helped a great deal.  Now we are seeing a bit of a rush by buyers to take advantage of this.  There is talk that this program will be extended and that will be a great help if it is.  Some other rumors is that the government may have some other programs in the works, will have to wait and see what that is all about. 

Hunting season (rifle) starts this weekend, not sure if we are going to see the large number of out of state hunters that we have seen in the past.  Since the weather has been rather warm for this time of year it may be interesting finding the elk. 

Oh yes,  back to Real Estate.  Still a mixed bag with low priced bank owned properties and 2008 priced homes.  So if you are looking for a “price deal” let me know and we can find the bank owned properties.  Remember, they probably will need some work.  If you are moving to the area and need a decent home to move into immediately, then we can look at the “normal” market. 

No doubt the rest of fall and winter will be an interesting time in the housing market, but my guess is that Uncle Sam will end up being the rich uncle we all have been looking for 

 

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