Market Update August 2009 - things are looking up

The summer is flying by so fast, I cannot believe it's August already!

I thought I'd update you on how I see the market performing lately, while sending the link to my monthly market update newsletter which is: www.TriStateTeam.net . 

The real estate market in New Castle County and surrounding areas is definitely seeing signs of positive activity.  Days on the market have been trending down in addition to an increase in pending sales over 2008. 

The first time home buyer tax credit is certainly driving the market, which is also helping the "move-up" buyer into their next home.  Please keep in mind the deadline for the tax credit is November 30, 2009, which means that any first time home buyer who qualifies for the credit will want to have a home under contract by no later than October 15th, 2009, in order to allow at least 45 days for the closing process.

If you know of anyone who is considering a home purchase now is an excellent time to be looking with the tax incentives and low interest rates - and of course, I'd be excited to assist them in finding just the right home at the right price. 

Please feel free to contact me with any questions, or any referrals you may have (302-999-6966).

I hope you enjoy the rest of your summer.

Respectfully,
John

Video Explanation of First Time Home Buyer $8000 Tax Credit: http://www.teamluca.com/First_Time_Home_Buyer_Tax_Credit/page_2263242.html