Fredericksburg Real Estate Market Heats Up

 Tom Smith, realtor with Century 21 Adventure, Inc. in Fredericksburg, VA would like to explain current market conditions. There was a lull in home buying during the month of December. The extension to the Homebuyer Tax Credit and the upcoming holiday created a slow market in real estate in the Fredericksburg, VA area. The market starting heating up right after the New Year. Now, there are multiple contract offers on individual properties. Foreclosures still seem to rule our market place. The news of more foreclosures coming to Fredericksburg, VA and the incentive of two tax credits, the first time homebuyer and the 5 years homeowner tax credits are heating up the buying activity. The supply ofFredericksburg homes is here. The demand is increasing. I anticipate a warm spring in the real estate market. Buyers need to be fast and aggressive to nail down and close on their homes of choice. There will be many opportunities for investors as well.