Overall real estate is still down some from last year. But the segment of first time buyers is booming. The tax credit of $8,000 combined with the incentives of THDA (Tennessee Housing Development Agency) which could be as much as another $9,000 in grants. You combine this with interest rates in the 5's and home prices that sound like 2005 prices and it is almost too good to pass up. Now I am hearing Realtors saying they are starting to see the inventory of homes in these price ranges start to be a little wanting. So I recommend that if you know someone that would be interested in this, they need to get with it.
My number is 777-Home (4663) and my e-mail address is george.margrave@migonline.com And the sellers of these homes have to go somewhere. So that should feed through the whole market. So for the ones of us who have jobs, things do look better.
1 comment:
Great job George!
Thanks for the info
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