Starting to Pop!

I n the last few weeks we’ve seen an uptick in Buyer activity especially in the entry level home and investment home arena. There have been 23 homes under $300,000 go pending  in Skagit County since 3/17/09 and that’s a huge number considering in December we had 34 the whole month, January had 51, February saw 71 and so far in March we are at 60 pending sales under $300,000. The combination of low interest rates, some hitting 4.5% fixed for 30 years, soft prices, high inventory and tax credits is moving a good number of folks from the sidelines to homeownership. All of the above conditions are temporary and when they are gone it will be some time before we see this same mix of circumstances again. If you have any thought of entering the homeownership market, and feel like your job is stable, I’d suggest going out and seeing what you can buy and speaking with your lender of choice to see what advantages today’s financial markets offer. Read this article from the Seattle Times printed this last weekend, it’s spot on.