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Category: Advertising Agency in Chicago| Stevens & Tate| Stevens & Tate advertising| Stevens and Tate| Stevens and Tate Advertising| advertising for real estate| marketing for real estate| real estate advertising| real estate marketing| real estate marketing agency| real estate marketing consultants
2 Mar 2011HousingZone reported this week that homebuilders who have weathered the recession are now predicting better days ahead for buyers, sellers and the homebuilding industry.
During a recent conference that was attended by representatives of large, national homebuilding companies active in the Chicagoland market, as well as independent and custom builders, all were optimistic about 2010. Several are introducing new floor plans and new home communities.
“The signs are positive, with low interest rates, lower home prices and tax credits,” said Andrew B. Konovodoff, president of Town & Country Homes. “Consumer confidence is growing and unemployment is starting to turn around. A buyer purchasing a $200,000 home today with an FHA mortgage of 3 ½ percent down and a tax credit will have a monthly payment of about $1,200, an affordable number for many first-time buyers. The coming year will definitely be better, and the builders who remain in the marketplace are focused on customer satisfaction to a greater degree than every before.”
Builders cited the extended first-time homebuyer credit and the new repeat buyer tax credit as important stimulants for the 2010 market. In addition, low interest rates and pent-up buyer demand will drive an increase in activity.
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