Ability Realty

I really think we are holding and may be very close to the bottom. I have been showing property to two clients, one under $130,000 in the Northwest and the other under $180,000. The $180,000 client has quite a number of homes to choose from but almost all are “Lender owned” or “Short sales”. The $130,000 buyer has very little to look at and again “Lender owned” or “Short sales”. The thing that really hit me was when I was signing in upon showing a home I found a lot of other agents names had signed in over the previous two days. Buyers are looking!! This will help reduce inventory, as has happened over the last month where we see a drop of 525 Active listings at the end of April. Total units sold is down 10 closings over last month but listings under Contract is up by 141 more units. This all makes me think we are very close to the bottom. The numbers are looking steady and ready to start climbing.

_{* Closed during the month
** For the current month (not the total listing under contract)}

There is more consumer confidence and the stock market is above 8400 for the DOW at this moment. A friend of mine told me he eats out a lot and is finding the restaurants are very busy and he has wait times again. Things are getting better but again what is all this Government spending going to cost us down the road.
 
If you have not owned a home in the last three years you really should see if you can purchase, as you can get an $8000 credit on your taxes next year and get up to that amount in a check from the IRS. Look into it soon, as this expires on December 1st 2009.
 
If I can help you in any way please contact me on my cell 240-7130.