We went out to dinner at The Melting Pot last week. The waitress had no idea that I was “in the business” - but in the course of conversation, she shared her excitement about the home she & her husband had just purchased with the aid of the First Time Homebuyer Tax Credit. So - cheers to you Cathy!
In the meantime, here is what MRIS reports today on the state of the market:
“The story in the MRIS region’s housing market remains the first-time home buyer tax credit, which is spurring high levels of buyer activity in its final days.
For the week ending October 10 there were 2,936 pending sales, up 68.1 percent from the 1,747 sales seen during the same week in 2008.
The heavy sales activity is combining with relatively weak new listing activity to draw down the total inventory of available homes for sale.
As of October 10 there were 56,938 homes available in the region, down almost 25,000 units from a year ago.”
WOW!
When you are ready to buy or sell a home, make sure you contact The Belt Team for a specific analysis of the neighborhood you live in or the neighborhood you want to move to.
The Belt Team . . . Serving all of your real estate needs in Vienna, Oakton, McLean, Great Falls, Arlington, Reston, Fairfax and the entire Northern Virginia Region! Contact us today for a FREE home valuation or buyer counseling session!