In the past month we have been listening to reports in the news that certin real estate markets are starting to show signs of life and are possibly stabalizing. Can it be true? Is it the effect of all the great deals? Foreclosures/Bank Owned Homes?The first time home buyer tax credit

Here is what I have been noticing. Most of our bank inventory is currently pending and we have many buyers that we are working with and have been finding a lot more pending deals and some cases we are seeing a lot of multiple bids on properties.

Here is our analysis. It could be seasonal but this has been picking up since well the first time home buyer credit was annouced with the signing of the stimulus package and has steadily increasing which can be somewhat seasonal.

Also "regular sellers" (those with some equity), have become more realistic and that causing the activity. Now if these things only close. That is another story for another post.