The CNY real estate market has dropped a little. There is a 6% drop in the number of homes that were sold since 2008. It appears that the first-time homebuyer has not taken advantage of the tax credit; as a lot of the real estate authorities thought would happen. This has affected the sold numbers down ward. First time homebuyers are wondering, should they or shouldn™t they. This is a very important question that they have pondered over for some time now.
You would think that they would consider the tax credit, because the value of the properties sold have drooped nearly 10% in recent studies of CNY. It is a good time to buy, because some lending institutions are offering mortgages lower than 5% according to Dave Ramsey. He is a nationally well known finance advisor.
For more information on the life and times in CNY go to www.RelocateToSyracuse.com
David and Judy NuHavun
Exit Eagan Real Estate