Q: How is the real estate market in Northeast Philadelphia? It is a good time to sell or buy?

A: It is good news for qualified buyers and homeowners looking to upsize.

The now-expired Homebuyer Tax Credit definitely boosted sales in the spring. It helped to sell many of the homes on the market, and home values and sales were looking up. However, the number of homes coming onto the market is increasing faster than homes are being sold. Now that the Tax Credit expired, the only thing enticing the small pool of buyers, who still have their credit intact in this economy and can actually get a mortgage, is the fantastically low interest rates. continue reading »