1. Tax Credit - The Federal Homebuyer Tax Credits offer an incredible opportunity for buyers. Those who qualify can receive a credit of either $8,000 or $6,500 on their Federal Income Tax. This is an opportunity that many buyers find simply too good to pass up.
2. Interest Rates - Several economic factors lead experts to believe that the current low interest rates cannot be sustained. Some predict that rates could be 0.5% to 1/0% higher by the end of the year. The buying power of today's interest rates will create urgency and cause buyers to act.
3. Design - Frugal is becoming fashionable with energy effciency a priority. Smaller, greener homes will be popular. Built-in storage space and practical, more conservative features will be in demand.
4. Hot Properties - Properties with very unique locations continue to be in demand. Also properties that have been recently remodeled are attracting buyers.
The Group Real Estate Insider.Trends for 2010.Vol 34, No. 2