Lets Give our leaders in Washington props when they desirve them.  The Tax Credit has proven to be a real measurable success.  Home sales in October where up over 10 %.  It is the single highest increase in 10 years.  6.1 million homes changed hands up from 5.5 in September. The Tax Credit and the fact that homes are now more affordable  have had a very positive impact on the country’s economy.    The news was so good the the Dow Industrial Average jumped 130 points to end the trading session at 10,450.  Do we dare think that the Dow will move over 10,500?  I think so.  What do people do when they buy  a new home?  They fix it up and make it their own and they spend money.  Moving the money moves the economy.

I have certainly expiereced the increase.  People are getting off their butts and are beginning to realize that the house they wanted to buy was sold to someone else.  One client I have worked with has written 3 offers on 3 seperate home.  Hopefully today’s will go through. 

My listing at 9 Cleveland in Morris Plains is a good example as well, I held the 10th Open House last Sunday and I had 9 customers looking at the home of the 9 I now have 4 good clients that are looking for homes.  Their just not waiting anymore.  I have had 3 people very interested in Cleveland after this weekend and  now I have 4.  3 of the people live in Morris Plains and know each other and don’t want to compete with each other in bidding.  What is sad is that these three couples will  lose out on this home while someone else comes in to buy it.   Granted the house needs updating and some work.  You can paint and repair but the one thing you can not change is the location.  How many times have you said, “I wish I could take this house and move it to Cleveland Avenue”.  Well if you could then it would be worth 100,000 dollars more. 

Unfortunately right now there is not a lot of inventory in Morris Plains.  You can count on one finger the number of 5 bedroom 3 bath homes on a big lot and in a great location that are available.

In ending todays blog and in keeping with the coming Holaday Season I will Quote Charles Dickens The Chrstmas Carol

Ghost of the Future,” he exclaimed, “I fear you more than any spectre I have seen. But as I know your purpose is to do me good, and as I hope to live to be another man from what I was, I am prepared to bear you company, and do it with a thankful heart. Will you not speak to me?”

Thanks for Reading Morris Plains Homes

Bob Sittmann

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