It has never been easy in Davis and it isn’t easy now to find your home. This data suggests that it might be a seller’s market is developing in the past few months. Add to this that we will not be anticipating new “affordable” (under the median by $100,000) housing that had been proposed in Wildhorse Ranch. The people of Davis have voted it down in this week’s election.
HOWEVER great news for first time buyers. It looks like very shortly President Obama will sign a bill to extend the federal housing credit through June of 2010. The sale will have to be completed by April 2010. Additionally there will be a new $6500 credit for homeowners who have been in their homes at least 5 years, whose homes are valued at less than $800,000 and who have a family income of less than $125,000.
The first time home buyers credit its a great thing for our countries real estate market. We need a spark as a real estate market. I am glad they extended it.