Spring has definitely brought out the buyers. The Government stimulus plan is doing the job. First time home buyers are taking full advantage of the $8k tax credit and I am seeing more FHA and even VA loans than ever before. Lending guidelines are still pretty tough and some banks are making it difficult but for the most part, buyers are buying and banks are lending. Inventory is the real issue. Most of the lowest priced homes have sold off and I am starting to see multiple contracts on properties from the $150k range as well as in the $900k range which is an indicator of recovery. With that, the time is still right to buy- don't miss out on the great pricing we still have.
