Branson Real Estate Market Update – February 2010

This month’s Branson real estate market update is once again good news for buyers. If you’re researching Branson homes for sale, it’s one of the best times in recent history to make your move. There are a great deal of motivated sellers, combined with a glut of distressed properties. Branson foreclosures make up about 1/4 of our real estate market now, and that’s providing some real competition for home sellers in the Branson area.

Factors indicating it’s a great time to buy Branson homes for sale:

  • Low Interest Rates. Branson mortgage lenders are telling us that rates are expected to rise later in the year as some government programs come to an end. Currently, mortgage rates are near all time lows.
  • Motivated Sellers. Home sales in the Branson real estate market are currently made up of about 25% distressed properties. Those Branson foreclosure sales are often great bargains, but even more importantly, these sales provide stiff competition for all other sellers in the market. There are currently over 1600 Branson homes for sale. There’s plenty of inventory to choose from.
  • Incentives. Of course, you’ve heard about Uncle Sam’s incentive programs offering home buyers up to $8,000 in refundable tax credits. Combine that with the state’s incentive program, and incentives can total nearly $10,000.

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