There more foreclosed homes on the market now than ever. The good news is that with the first time home buyer credit the nicer foreclosed homes are flying off the market. Homes that are in need of repair or further from the Twin Cities seem to be hanging around a little longer.
I believe that with in the next 30 days the supply of home on the market will start increasing again because the activity around the area will be slowing down because of the cold weather, the holidays and lack of first time home buyer credit of $8000. This means it will be a great time to be out buying again home prices will probably fall a little do to the lack of activity as it does every year here in the winter.
Even though the first time home buyer credit will be gone, there are over 45 down payment assistance programs available in the area and statewide to help get into a home. Some of these funds have dried up for the year. So reserving that money as soon as possible is the key if you are trying to buy a home.
So even if you are not able to take advantage of the first time home credit it is still a great time to buy because of more houses to choose from, less competition, many home buyer down payment assistance programs and probably lower prices. It is always better to buy when no one else is.
Tags: Buyer Credit, City Of Plymouth, Cold Weather, Down Payment Asssistance Programs, First Time Home, First Time Home Buyer, First time home buyer credit, Foreclosed Homes, Great Time, Holidays, Money, Payment Assistance Programs, Time Home Buyer, Twin Cities