Sep
28
2009
Housing Rebound – What does it mean for you?
This article from MONEY MAGAZINE gives you a blueprint.
By Amanda Gengler, Money magazine writer
September
Homes are selling again, but the market today is divided by price point. Your best strategy depends on where your home sits on that spectrum.
The bottom tier (hot)
The lowdown: A big chunk of the 1.9 million post-boom foreclosures have been among the least expensive 35% of homes. Bargain prices on these foreclosures and a new tax credit of up to $8,000 for first-time buyers have lured investors and would-be homeowners back to the market, even in hard-hit areas, says Pat Lashinsky, CEO of online brokerage ZipRealty.