Monday Market Update - December 27, 2010
Happy Monday!
I hope you had a wonderful Christmas and enjoyed the time with your family and friends. I know the presence of my family was the best present of all!
Conditions continue to be favorable for home buyers in our market with continued low interest rates and high inventory. The winter months are a great time for serious buyers to shop for homes as it is traditionally a time where fewer buyers are competing for properties. I think you'll continue to see favorable conditions for home buyers into the New Year although I would expect to see interest rates start to creep up in 2011.
President Obama signed legislation last week that extends the Bush tax cuts, keeps the capital gains tax at 15%, and a provision for the reduction of payroll taxes for employees and self employed individuals during 2011 (H.R 4853). All of which I'm optimistic will help our economy get back on the right track.
If you're ready to explore your options whether buying or selling, give us a call. We're here for all your real estate needs.
Have a Safe and Happy New Year and we look forward to working with you in 2011.
Melanie Cameron, Broker 910.233.2840
Susan Harkins, Buyer Specialist, 910.431.2362
Alexa Winstead, Marketing/Closing Coordinator 910.202.2547
Diligently working to exceed real estate expectations in Wilmington, NC and surrounding areas including Ogden, Porters Neck, Wrightsville Beach, Carolina Beach, Castle Hayne, Leland, Burgaw, Rocky Point, and Hampstead.
P.S. If you would like to receive this update on Monday via e-mail, you can sign-up for our weekly newsletter by sending us a quick contact.
