3 Things Favoring Housing
I am beginning to sound like a broken record but then again we need to continually see this positive news after all of the bad news over the past year in the media. The 3 things are the tax credit, interest rates, and consumer confidence. I feel the latter 2 are the most important but if you are on the fence about buying a home the free money should give you a nice little push.
Also, as we have seen in Fort Lauderdale and all of South Florida, home prices have come down and they are finally affordable. The Home Affordability Index is at all time highs, the supply is coming down, and bidding wars (demand) are going on.