|
Posted: 05 Feb 2010 08:53 AM PST
The Coos Bay/ North Bend, Oregon Housing Market seems to be getting busier in our office. Foreclosures are continueing to bring the prices down. The Inventory of homes in Coos Bay was around 1 year recently, compared with 2 years last year about this time. Thus, homes are selling faster but at lower prices.
It is a buyer’s market when it comes to real estate. It is not the best time to be a seller, but to be a buyer the conditions could not be better. Low interest rates, home values and inventory all point to buy, buy, buy. The only thing standing in the way is money, but if people can get money and they are in the right place at the right time, buying real estate is a great idea.
If the real estate market were a car the first time home buyer would be in the driver’s seat. Not only to first time home buyers get to take advantage of low mortgage rates, low home values, and a decent inventory of homes for sale, but they also don’t have to sell a home before they buy a home.
There may not be a better time to be a home buyer, especially a first time home buyer, for a long time. The first part of 2010 displays ideal conditions to get out there and start looking.
|