Just one year ago, in the midst of the financial crisis, it would have been highly implausible for most of us to imagine that we would be in an extremely hot residential real estate market today. But that’s exactly where we are, with multiple offers and overbids being the rule rather than the exception. Today’s lower prices, historically low interest rates, higher conforming loan limits, FHA loan availability, and the recently extended and expanded home buyer tax credits are giving the housing market a huge boost. Buyers have clearly recognized this period as the single best home buying opportunity in a generation – and are jumping in with both feet!

Posted By: James Sherman