No, I do not. The credit moved future buyers up to become buyers earlier. I doubt if the credit added many buyers who would not have bought anyway. They bought in time to get the credit and we are seeing an expected slowdown now. Some of the demand that would have existed has already been satisfied.
In addition, the national debt is big enough without adding more.... more
As a Real Estate consultant, I would strongly advise you to address your options with a trusted mortgage lender. Questions like: Can I sell my existing home and break even, make a net to use on a downpayment on your future home in Huntsville, or will you have to bring money to the closing table? Am I eligible for a bridge loan? It is also important in this mix to get the advice from a trusted Real Estate Agent about the marketable value of your home along with the days on market to sell, to help you plan a strategy. If you move is imperative for a job, then you may have to rent temporarily in Huntsville unitl your home sells. If you are "in the red" on your equity, you may need to lease your home and wait to purchase a home in Huntsville when you are "in the black" for a sale. This situation can be solved in some way, so contact the right advisors and it will take the stress off you as you plan the move. Best of luck!... more
Days on Market are slightly higher, volume is about flat against last year. Some areas have experienced an increase and, while we have seen 2 years of strong price growth (8-10% each year) we're not in a down market as the majority of the country is. We're calling it a "Buyer Pause" market--and expect it to resume over the next 12 months as acceleration of our incoming jobs from the recent BRAC come through.... more