Market Conditions in 19438>Question Details

Keith Sarrin…,  in Montgomery County, PA

Do you think we are finally seeing the bottom of the market?

Asked by Keith Sarringer, Montgomery County, PA Mon Mar 23, 2009

It sure feels as if things are starting to stablize.

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2
Keith,
Since Real Estate is local, it will all depend on where you are in the United States.
In the Philadelphia area, from the reports I've been running. We will be in it for a little while longer, but we are soo much better off then other parts of the country. Smart Money named the suburbs of Philadelphia one of the best places to live for the money!

Kimberly Collins

Realtor, ABR
Keller Williams Realty Group
O: 610-792-5900
C: N610-476-7519
0 votes Thank Flag Link Mon Mar 23, 2009
Keith, sorry to say but no I don't think the bottom is here yet. I think there are still quite a few foreclosures still ahead of us which will continue to bring the bottom down. I do think we might see a strong spring season with the interest rates so low and with the $8,000 First Time Home Buyer incentives. We are even starting to see townships offering additional incentives on top of the $8,000 which sweetens the pot a little more. (Good for them)
I guess for now we should be hopefull that we are in full swing for a strong Spring!!!!
0 votes Thank Flag Link Mon Mar 23, 2009
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