Soft Housing Market

It’s a buyer’s market!  The housing market in Broome & Tioga has been sluggish this year and autumn should bring some good buys.  Sellers must remain patient and will need to reduce their prices if they really want to sell.  Our real estate market has been sluggish due to local economic factors and a tightened supply of money.  Every good business owner must now look at how to run his or her business more effectively, government too!  With sales slowing in almost all industries, the economy has weakened and more specials are being offered across the board.  The government’s cash for clunkers program for automobiles and the $8,000 federal housing stimulus for first time homebuyers are good programs for those who are in a position to take advantage.  What will the next stimulus package be as our country goes further and further in debt? 

Buyers need to make good choices as they continue to view properties.  Remember, location, condition, maintenance and monthly payments are all important factors when purchasing a property.  Keep your eye on the market and you just might find some good deals.  If you need help, hire us!