The weather just turned around here yesterday but we still expect that the unseasonably warm weather will bring out additional buyers so we anticipate getting a few more showings in the next few months and leading into summer.

Here are the stats from Last week -

Stuart Brown from Valley Mortgage Group offered us some insight about interest rates:

“… in the news last week, the Fed’s Policy Statement after its regularly scheduled Federal Open Market Committee meeting was pretty much the same story as recent Statements, including stable long-term inflation expectations, a tepid economic recovery, and fragile job market. But there was one big exception to their norm. The Policy Statement said there will be “exceptionally low levels for the Federal Funds Rate at least through late 2014.” This is a huge change from the previous statements of “low rates until mid-2013.”

On the surface, extending the zero interest policy until 2015 tells us the Fed thinks the economy will just be slogging along, and accommodative monetary policy will be required to keep the economy growing at least at a modest pace. One could argue that recent economic data is better of late and that all this loose monetary policy is unnecessary. But the Fed has spoken, and as the old adage goes: “Don’t fight the Fed.” “

I have to say it is a great time to buy for so many reasons and a great time to sell and pick up a super deal on the other side.

I hope the sun keeps shining because it sure makes for a brighter day!

Kelly

always view the Most Current Trends along with the Monthly / Yearly Stats / Videos / and pdf downloads of pending / sold properties here – http://www.thekellygroup.net/real-estate-market-trends/