
Forbes.com on 12/24/2009 stated:
“Late spring and summer are usually thought of as the best times to put a home on the market because buyer demand builds steadily through spring…
But this year, experts predict that the selling boom, which normally starts in spring, will hit at a different time than it has in the past. Sellers with flexibility should market their homes earlier in the year.”
They are referring to two key points here:
1) The fed's program of purchasing mortgage backed securities will expire at the end of March at which point the private sector will take over. Many predict rates will then rise.
2) The tax credit for new home buyers is set to expire at the end of April. What will happen then? Will we see a decrease in the number of active buyers in the market.
With the low interest rates and the tax credit now is "the time" to purchase or sell real estate versus waiting until what has historically been the busier spring market.
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