Vancouver, WA VFHG - NAR projects 4% increase in Average Home price in 2010
The last week, we had our final meeting and tour of Vancouver's Finest Homes, for 2009, We will resume our meetings, tours, and committment to this organization in January and begin planning our 2010 year. Vancouver Fine Homes Group, http://www.vancouverfinehomes.org
There are some REMARKABLE agents in this group and I am proud to serve as VP Marketing for the Group, and website administrator! We have a WASHINGTON STATE delegate to the State Association who recently returned from the National Association Convention in San Diego! She is fired up and excited about the representation we have in Washington DC, that was largely influential in getting the extension on the TAX CREDIT, even more the EXPANSION to EXISTING HOMEOWNERS.
Another of our agents just returned from a closely held meeting with National Directors of Remax, who have been meeting with CEOs of banks/lenders nationwide.
Both the lending and realestate professional communities responded to the CALL TO ACTION to contact our state representatives regarding this legislation. WASHINGTON was #7 in the nation in our participation and involvement in this CALL to ACTION this last fall.
NAR PROJECTS A 4% increase in average home prices this year! Now that is a PROJECTION, but I can also add that the CASE SHILLING PRICE INDEX of 20 cities did turn up in AUGUST, and locally up another .2% in SEPTEMBER, so we could be on our way to a firmer real estate market. Presently inventories are down significantly as well, which tends to preface firmer pricing.
When is the BEST TIME TO BUY? when you have a reason, need or desire to move up/down/ across town or across the nation. The market is a GREAT EQUALIZER. While its true home prices have dropped in the area of 22-25%, over the last 2-3 years,..so has any home you would buy. Looking forward, by the time you realize home prices have increased 10% or more...much of the next "move" will be behind you.
The exisiting HOME OWNER TAX CREDIT is for homeowners who have been in their property for 5 of the last 8 years I believe this will have significant impact in the NEW YEAR.
Contact me if you'd like more information on YOUR HOME VALUE or FOR A LOOK AT PRICING AND SALES IN YOUR NEIGHBORHOOD go to MARKET SHAPSHOT
The market snapshot is generated from the local MLS or RMLS of Washington
As always, Thanks for checking in.
Gloria Matthews
HTTP://www.FelidaHomes.com
360-600-3042