The June 2008 REAL Trends housing market shows that, for the first time in nearly three years, housing unit sales are at the beginning stages of finding a floor and perhaps even heading up. In this months report, the key states of California and Nevada showed increases in units closed, versus the same month a year ago.
This is important news that in todays negative media will surely be glossed over, these are the states that started feeling it first and they fell hard and fast and now they are coming back. As you know here in Charleston we thought we might be able to escape the downturn because of the strength of our economy, the diversity of it, the trend of people moving to our area, etc, yet now we know there was no escaping it.
Our values have fallen, a lot of people have lost their homes and many more are on the brink of it, we will rebound and we will rebound strong. The buyers that get in the market now will be able to look back and say "Yes, I was smart enough to buy when everyone else was selling and got a deal".
Right now there is still money available and don't forget about the tax credit for first time homebuyers of $7500, with all of the shake up in the banking industry I would buy now before it becomes any harder to get financing. Call me or a member of the Wertan Team to take advantage of this market today, thanks, David Wertan of Re/Max Advanced Realty
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