With rates still low, the first-time buyer’s tax credit of up to $8,000 extended, and improvement costs decreasing and energy-saving incentives – there has never been a better time to buy a house, especially a first house. That’s the good news. But in Fairfield, houses are scarce, especially smaller houses. It is not coincidence that houses around $80,000 are especially hard to find, because that’s the threshold for the maximum tax credit. What a deal!

It’s a good time to sell your house! so long as it’s at $200,000 or below. And if you have a condo, a neat smaller house (especially a ranch), or a more modern duplex, you’re especially in luck. The market here has a chronic shortage of inventory – only a third of the usual number of houses. The up to $8,000 first time homebuyers’ tax credit has helped, but the Fairfield market is holding its own in any case.

The market above $200k is very thin, which is normal. The rental market is as tight as it has ever been; good luck finding an apartment. Of course price is still key, but certainly I know plenty of potential buyers out there.  So if you are thinking of selling, give me a call at CENTURY21 Hayes-Heartland 919-4663. You may be surprised what you can get!