Pinetop White Mountain Blog

Good Morning Everyone,

Count the days! Wow, where has this year gone?  School has already started in some places and it starts in our area next week.  It just doens't seem possible that the year is nearly 3/4 of the way gone!

If you are a First Time Homebuyer and you have been thinking about buying a house this year to get in the "free" money Washington wants to give you, TIME IS RUNNING OUT!

There are only 122 days left for you to locate your home and close escrow.  Yes, that is right, only 122 days. 

When you consider that it takes at least 45 days for most loans to go through and these days even longer since most loans are government backed FHA Loans, it is time to get moving.  

Something else to consider!  Those great deals you have been seeing all year on the foreclosures and short sales are starting to fade in to the woodwork.  More and more of them are selling, banks are holding back large numbers of them and only letting them trickle in to the marketplace so values don't decline further.  Sellers are holding fast to their pricing now and are not willing to drop them further.  Markets are starting to stabilize and that means before long prices are going to start creeping back up. 

Looking at the latest stats prices in our area are up.  Marginally but they are starting to creep up, +.3% in July! Why?  Because the banks are seeing multiple offers on those Bank Owned properties they are releasing in to the marketplace and those homes are going to the highest bidder.  Multiple offers means higher prices.  We are also starting to see the inflation grow which is typical after a recession.  Prices of everything are going to go up:  Food, clothing, gas, interest rates, and yes, housing prices. 

Don't wait any longer if you really want to own a home in 2009.  The time is now to move because it may take you a while to find the right property at the right price, then you still have to go through the loan process.  That takes longer these days too.  So get out there, start looking, and give us a call.  Let us help you find your home before you miss out on this great opportunity to own your own home.  

See you soon!

Sandra & Bruce Paulow, Your High Country REALTORS®