As many of you know, we keep a close watch on our local market stats. Trends develop which many times help us spot opportunities early. As you may know, the first time homebuyer tax credit expired recently. The federal tax credit had spurred sales of entry-level homes and we were seeing a lot of competition for properties in the $200,000 to $350,000 segment.
With that tax credit gone, there are enhanced opportunities for entry-level buyers in several valley communities. We don’t know how long this window will last as cooler weather approaches many parts of the country. Fall usually brings a sizeable increase in buyer traffic in our desert, so, if you are interested in the $200,000 to $350,000 price segment, please take note of this opportunity.