I think it is because everyone was so scared to buy a house in the last six months and now all those people are jumping on the house buying wagon. I have been having a lot of luck with first time home-buyers in the low $100K market and also move up buyers in the high $200k market (most buying new homes). However I still have two of my listings that I have had for a while and am quite perplexed about what to do there????
And I don't think that my buyers are enticed with the first time home buyer tax credit of $8k. I'm sure they will all file for it, but I don't think it has anything to do with their decision. I really think it is because for months economist were speculating that the mortgage rate would drop to 4%. We saw that investors are just not willing buy loans at that low rate for such a long period of time.
Now the rates are hovering around 5.5% or lower if you buy down the rate. These are great rates! It's a great time to buy in OKC! We are so lucky that we haven't fallen into the depreciating market trend that has hit a few of the states (not all, not even most, most housing markets are fine, just no one talks about how things are fine).
Anyway, I hope I haven't asked for trouble blogging about how great things are going...
In other news, my computer broke (because I dropped it). But Apple took it in right away and fixed it! Yeah! I love my Mac!
2 comments:
I am so glad you are selling houses again!! yeah!! Too bad you dropped your computer but the Mac people will treat you well. I spilled water on mine this week! I will be back Monday to work. See you soon!
I'm one of those first time home buyers and I LOVE my house! I'm glad business is picking up for you even though I don't get to see you as often...I'll send all my friends your way too!
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