Buyers have been paralyzed with fear for years.
They've been staying away from homes in Droves. Sitting on the sidelines, waiting for ... well, waiting for...
* Sellers to come to their senses
* the market to hit the bottom
* Economists to tell them it's okay to buy
* Prices to return to 1999 rates
* Interest rates to drop below X %
* Common Sense to return
and any number of other landmarks... lots of them were just sitting waiting for some "unknown"....
Well, whatever it was, whatever they saw.... whatever they were waiting for, must have arrived, because buyers in my area are out there in large numbers. They seem to be out in mostly the lower price points (which in our area means under $300,000)... and many of them seem to be first-time buyers pursuing that $8,000 first-time homebuyer's tax credit.
It's like the swallows returning to Capistrano. We're all happy to welcome them back.