Finally after 3 years, there has been reported the first increase of home prices of .03% in the April - June quarter. The long awaited bottom has arrived. I know that puts a smile on this face ;o) It is also reported the prices rose slightly in July as well. This shows the market has finally stabilized. Evidence shows that the 3 year decline of home prices has come to a halt. The gains will be very small due to the rising foreclosues and our fragile economy.
The tax credit of up to $8000 for first timer home buyers expires on Nov. 30th. Unfortunately, lawmakers have not yet decided to extend it. However, the mortage rates are still at record lows...for awhile anyway. So all you buyers, get on the move and call your Tropic Shores Realtor today. We will walk you through the buying process. Let us help you find your dream home or perhaps your vacation or investment home. Now is the time! He who snoozes, looses !