We are beginning to hear the same comments from different areas and its about time. The inventory is decreasing at a really good rate and it seems like the prices are becoming more stable. The lower prices are making people buy and as the momentum continues the market should become more balanced. I also heard a report yesterday that the median price for single family homes rose in May. These are all very positive signs that good times are ahead.
Buyers should be aware that the really good deals will fade first and as the inventory becomes more balanced with available buyers, the buyers will no longer have such an overwhelming advantage. Also, the first time home buyer tax credit of $8,000 is set to expire in November. If you are on the fence now is the time to make a move.
