Emily Schuyler's blog

  As a buyer or seller it is important to understand what is currently happening with the market.

As many of you already know a first time homebuyer is someone who has never owned a home. However, someone who hasn't owned a home in the last 3 years also qualifies as a first time homebuyer.

Prices have declined and interest rates are historically low and for those homebuyers who are qualified, now is the time to take advantage of these wonderful opportunities!

For those of you unfamiliar with the term REO, it is an acronym for Real Estate Owned. These properties may also be referred to as bank owned or foreclosures.

As a buyer or seller it is important to understand what is currently happening with the market. The table below displays the breakdown of this weeks newly active, pending and solds.