Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
In the past week, I've seen quite a bit of interest in my house. I've had several calls for showings from realtors. I've showed it Friday, have a showing today and am waiting for another realtor to confirm a time. Has anybody else seen a pick-up? I'm wondering if people are trying to get in before school or is it the $8K tax credit, time of year, foreclosures all bought up or what? Well, anyhow, wish me luck!
From what I've seen this summer, May & June have been very very good. Seems like everyone took July off for vacations but now that we are getting close to school starting there is a flurry of activity of people trying to get in to a home before school.
We had some showings in May and June and nothing in July. This past week we had five showings, including four on Saturday. So, yes, I think things are picking up...not sure why. Rakin's explanation seems plausible.
The economy and job numbers are improving, especially in the last few weeks. People are gaining confidence and starting to spend again including buying a house. Plenty of money on the sidelines and 91.6% have jobs.
Our house went under contract at the end of July and we are closing this month. 78 days on the market. The killer is that we are looking to move to a nearby community and suddenly there is little inventory available there and what is available is over-priced with 30 plus year old homes that have not been updated at all (including in many cases furnaces, roofs, kitchens, etc.).
We knew we'd have to spend more to move but it is still painful leaving a home that is in perfect shape and being faced with ones that are considerably less desirable but in more desirable communities.
We own a lot in one of these communities and everyone keeps talking about the bargains of existing stock versus building but that has not been our experience. It seems that our best bet is to rent for a year and build a new house on our lot. We got a good deal on the lot so the finished cost would actually be less than the prices of the existing homes we have been looking at.
At least in our area of the Northeast the downturn never really hit the desirable areas very much in terms of price.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
