The Scent of Spring Home Buying
For the past few days we have been fortunate to see the sunshine and blue sky in Eugene. Everywhere you go you can hear the hum of the lawn mowers, the smell of fresh cut grass, and the sight of daffodils about to burst to life. Spring is in the air and it reminds us that there is hope and light amid all the dark, grey clouds of winter. This is kind of like the economic doom and gloom we have been hearing about everyday in the media. It makes it easy to overlook the encouraging trends and positive news that is affecting the current real estate market.
There is no doubt Spring is also in the air in regards to the downturn of our Nations economy. Like the hum of lawn mowers, super low interest rates are the buzz of the lending industry. Today’s home buyer can get some of the lowest rates in history. Like the smell of fresh cut grass a new tax credit for first time home buyers offers a scent of relief for buyers who will now be able to buy their first home and have $8000 essentially given to them. This will bring a large number of buyers into the market place. Like the daffodils about to burst, the recent news of the increase in home sales in boom to bust markets like California, Nevada and Florida, shows the leveling out of inventory and stabilizing prices, ultimately leading to an increase in consumer confidence.
Your senses may be coming to life with every sign of Spring, but remember to also notice the signs of Spring within the real estate market. Spring home buying has never been so fun!