Terrible Market We are Having

Really?  The Harrisburg regional office of Homesale Settlement conducted somewhere around 80 settlements in June. 80! Is that a lot?  In a good month, they conduct somewhere around 40. Yes, there have been changes in the market lately making transactions more challenging.  Yes, our economy is struggling.  BUT, here in Central Pennsylvania, homes are selling. Why? There are a few reasons: high supply resulting in many choices, low interest rates, $8000 first time home buyer credit. (Incidentally, if you are thinking about buying, the home buyer credit goes away December 1).  One of the complaints I and other agents have is that it is hard to get accurate local real estate information.  Stories seem to be spun toward the negative, resulting in an inaccurate local picture.  Pennsylvania is 40th in the nation for foreclosures.  Surprised our state isn’t higher on the list?  Relatively speaking we are experiencing more of a normal envoirnment than an unstable one.  And there are signs we might be coming out of this…check out the latest series real estate series the local Fox News has been doing:   www. youtuble.com/PruHSG.  To help you follow the local market news, each time there is a new segment, it will be posted on YouTube.  The good news is out there, unfortunately, it isn’t always on the top fold.