I have to say that I could use $8,000, how about you?  Whether you agree or disagree with the stimulus package, the fact remains that there is a nice $8,000 incentive for many home buyers.  This affects first time home buyers primarily but it actually helps us all.  One of the challenges we face in the real estate market today is the shear inventory of homes on the market.  With this great refundable $8,000 credit, more people will be enticed to take advantage of the opportunity and start working our way through the excess inventory.

Lawrence Yun, chief economist for the National Association of Realtors, estimates that the new credit will bring an additional 300,000 home buyers into the market.  I don’t know about you but that sounds like a very good thing.

To be honest we are starting to see more and more activity in our neck of the woods.  We saw the highest volume in contracts last week since mid year of 2008.  All of these are very good signs.

As always if you need someone to help you with your real estate needs, contact us here at Coldwell Banker Sea Coast Realty.