Holiday Housing Season
The Housing market has been having a pretty good December thus far and this year it can definitly be said that a helping factor is the extension of the $8,000 tax credit and the addition of the $6,500 tax credit. Mortgage applications are up Nationally, however, locally, we are holding steady up to this point.
As far as interest rates are concerned, we are still at historically low levels despite a slow upward movement we are gradually seeing. A really good piece of news is that it is not expected that inflation should be an issue for some time as that would push up interest rates. Last week reports were released that analyzed the consumer and have found that the sonsumer is happier with the stock market and deal out there to be had than in recent times. We may not all be feeling this way, but the overall consensus is more positive, which is always a good thing!
