May 30, the week following the coveted Memorial Day weekend-the beginning of summer. For West Michigan this marks the time of year when summer festivals take over and the daylight lasts until late until the evening. This is also the time when the majority of those who going to buy a home this year, make their move. With the mark of the end of the school year, those who wish to be settled prior to the ’08-’09 school will find their home over the next 3.5 months. Why is this important? This is the first year in recent history that new inventory coming on the market is less than the year prior plus interest rates are lower than they were last year at this time – this is the perfect blend to create a great market to make a move. With less inventory it could mean a slight firming of prices and with low interest rates it means more are able to afford a home that fits within an expanded budget. You combine these factors with CNN money report – see the last blog posting – and it’s time to make your move.
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