When one takes a look at real estate over the past few months one thing everyone can agree upon is that steps are being taken to improve the real estate market.  The measures being taken appear to be adding up to one goal, a turnaround in real estate sales and a leveling of home prices.  So far things are looking good.  December showed that home sales were up, a positive sign.  Since then Obama has signed a housing bill that includes a first-time home buyer tax credit of $8,000.  This tax credit is a real draw because it does not need to be repaid and a “first-time home buyer” includes the obvious, a person who has never bought a home, and a person who has not owned a home in the past three years.

In addition to the first-time home buyers $8,000 tax credit, home prices are lower than they have been in years.  Along with these low home values come historically low mortgage rates.  Mix all of these factors together and you get a great buyer’s market.  The shock of the state of the economy seems to be settling and people are starting to take a good hard look at the housing market.  It is not only a great time for first-time home buyers but also for people who are looking to invest in real estate.  This is creating a strong buyer’s market and signaling that, in fact, things might be ready to turn around.

For the best in Sedona Real Estate service and knowledge, contact Claudia Ault at 928-301-3016. Click here for a complimentary search of the Sedona MLS and access to all property currently on the market in Sedona AZ, visit www.claudiaault.com.

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