Greater Lansing home buyers and sellers can begin to smile as sales continue to perk up over last year and the market begins to bottom out for what I would consider a strong 4th quarter coming to buy or sell real estate in the Greater Lansing area real estate market.
Lawrence Yun, NAR chief economist, said the housing market momentum has clearly turned for the better. “The recovery is broad-based across many parts of the country. Housing affordability has been at record highs this year with the added stimulus of a first-time buyer tax credit,” he said.
NAR estimates that about 1.8 to 2.0 million first-time buyers will take advantage of the $8,000 tax credit this year, with approximately 350,000 additional sales that would not have taken place without the credit. Buyers have little time to act because they must complete the transaction by November 30 to qualify for the credit. Unless extended, contracts signed but not completed by that date will not be eligible – it is taking approximately two months to complete home sales in the current market.
Buying or selling a home in today’s greater Lansing, Michigan real estate market can be complicated without having the proper expertise and guidance throughout the process. Community information - about services, restaurants, parks, things to do, tourist information, local government and issues, buildings, and development projects, are only a few of the many services you should expect from your Realtor. You can obtain additional information on buying and selling at my website.
“Expect the Best” Mike
Mike Bowler Sr. ePRO, CRB, GRI, SRES
Coldwell Banker Hubbell Briarwood
1020 S. Creyts Road, Lansing, MI 48917
Phone: 517-492-3400 Fax: 888-832-6203
Emailto:Mike@MikeBowler.com
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