If you are seeking for a great deal in real estate market that was earlier not in your budget or price range, now you will be glad to know that values have declined in many desirable areas like California, Florida etc. There has been a huge decrease in past years, probably 25-35%.
The state median existing-home price in October was $173,100 which is a drop of 7.1% from one year ago.This is the cheapest decline in over a year and may be a sign the market has touched the bottom.You can easily find find real estate in virginia via Metrohomesadvantage.com.
This could really be the time to re-evaluate your prevailing home and move to a more popular area that looked out of range before. Or update your home for a larger square footage. Whatever your intentions to buy real estate, this distinct buyer's market could be the high time to be on the outlook for a new home.
Homes are marketing across the U.S. A local breakdown shows home sales are up in the Northeastern by 11.6%, Midwest by 14.4%, South by 12.7% and the West by 1.6% (ibid). These numbers show hope in the housing business across the country.
Housing sales progress may also be experiencing a boom as a result of the $8,000 first-time homebuyer tax credit. Since the deadline has been reached past November to April 30th home sales will most anticipated surge in early spring.
Many homes and businesses for sale are located in areas that may have been out of range for the common home buyer in Virginia just two to three years ago.You can also browse for affordable homes for sale in arlington va .
With the real estate market starting to percolate again, consumers need to seriously consider closing proceedings before the tax credit lapses and prior to the rise of prices again. Though none can actually say for sure when this buyer's business will peak, now is the chance to buy low — particularly in desirable areas.