2013 Spring home buying season is in full swing!

2013 Spring home buying season is in full swing! It has been a little delayed due to the late winter weather we had.

Things to Note:
1.) Inventory of home available for sale is down considerably.
2.) The number of short sale homes is also down and many are now under contract
3.) Lendors are wanting higher prices for short sales therby locking the investors out of the market.
4.) REO's (Real Estate Owed homes) Homes that were forclosed upon are up,but lendors are limiting most sales to Owner Occupied buyers, thus freezing out most investors.
What does this all Mean?
1.) Home prices are going up, approximately 10% over last years prices.
2.) Home buyers are motivated to buy since interest rates are still low, but will go up soon.
3.) Sellers are coming back on the market anticipating a better price for their home.
4.) The buyers market is startign to evaporate and beginning to look like an even playing field between buyers and sellers which drives prices a little higher.Isn't this what we all have been waiting for?
Call Dino today to List or have him find you that Dream Home at 847-922-4241.