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Real Estate Report: Lomont Realtors

For a better look at how the housing market stands in New Haven, the bulletin contacted Robert Lomont, owner and broker of Lomont Realtors in New Haven.
“There has been more interest and activity in the housing market during February than there has been this past November, December, and January,” Lomont says. “We have had more showings. The snow hasn’t stopped buyers from calling.”
Though the market is beginning to show signs of recovery, it’s still a great time for buyers.
“The thing that’s really keeping it a buyer’s market is all the foreclosures available in the area,” Lomont explains. “Compared to other parts of Allen County, however, New Haven doesn’t have as many foreclosures.”
In addition to the favorable market, people are encouraged to buy now since the tax credit of up to $8,000 for first-time home owners has been extended until April 30th. Furthermore, a $6,500 stimulus package has been offered to anyone, not just first timers, buying a house.
According to Lomont, the housing market will struggle until the recession is over.
“The job market is one of the biggest factors. People are most concerned with their jobs. If we can get people back to work, the real estate market will iron itself out.”
Robert Lomont has 25-years experience in the real estate business and has lived in New Haven most of his life. If you have questions about real estate in New Haven and Allen County, contact Robert at (260) 749-4901.