Flower Mound area real estate market update 3/2010

All of the markets, the Flower Mound area, I track on this blog  showed strong improvements over the previous month and most had increase sales in comparison to the same month of 2009.  It is my opinion that the tax creditand interest rates, now below 4% on some ARM products, has brought out the seasonal buyer early this year.  The question still to be answered is if this proverbial steam engine that could, will build momentum though the summer months as our market traditionally does, or if the rising interest rates and expiring  tax credit will slow things down again. Value continues to be off the charts, as you can buy as much if not more home today, with the same payment as you could 3-4 years ago.  I think the first time buyer credit may have more effect on the more affordable inventory and when it expires at the end of this month, there will be a new opportunity for investors looking to purchase a foreclosure or preforeclosure.  If you are looking to buy real estate as an investment, now may be a great time. Questions or comments you can call me 972.355.9100 or you can see all the homes at www.flowermound-realestate.net