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Now is the time to think about real estate! With tax credits, the low interest rates, and with the over-correction of the local real estate market, affordability has reached levels that we have not seen for years! And, it’s unlikely buyers will see this type of market for many, many years to come.
Promising news for home buyers and owners:
- January 2010 marked the fourth straight month where homes sales increased. This is followed by 39 straight months of declines. This trend is expected to continue with a 5-10% increase throughout 2010.
- New construction experts agree that 2010 will see this number begin to climb too. A shortage of inventory is likely to occur in late 2010 in lower to mid-range price points.
- Steve Murray, a nationally recognized real estate expert notes: We are in a soft-bottom and have started a long slow recovery.
A Time to Buy!
- An $8,000 tax credit is available for first-time home buyers until April 30, 2010
- A $6,500 tax credit is available for current home owners who have been in their home for five consecutive years and plan to purchase a new or used home by April 30, 2010. (see all the details under the “client resources” link at www.bobparks.com)
- Interest rates remain at historic lows. As of late February 2010, 15 year fixed rates are near 4.5% and 30 year rates are around 5% for home loans.
- Most financial experts believe rates will begin to rise in the coming months
To list your home with the most respected name in Middle, TN real estate, click here.
Visit www.bobparks.com to search for your next dream home in Murfreesboro, Franklin, Brentwood, Smyrna, Nashville, Green Hills , Mt. Juliet, Hendersonville, and more!
Posted By: 
Kimberly Fahey
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The Bob Parks Realty office in Mt. Juliet is very proud to announce that Amy Oakley has joined the team! As a Mt. Juliet native, Amy brings with her more than 20 years of customer service experience and area expertise.