This is what we are seeing today in many of the major financial news sources outlining a report from Merril Lynch.
Although there still appears to be no shortage of homes for sale at this time, and nobody knows for sure what the future holds, bear in mind that this is just one analysis and they are looking at the real estate market Nationally!
Remember, real estate is, and has alwas been, LOCAL. Arm yourself with accurate data from a pro in your area before making a decision. There are some good deals out there. Also bear in mind that Homes Are Still Selling!! Not all of them mind you, but propertly priced homes do sell.
Thursday, January 24, 2008
Wednesday, January 23, 2008
Leominster, MA 01453 Real Estate Market Update
Not Much Is Happening, Except...
Fed Drops Key Rates! Huge Stock Market Swings! Fixed Mortgage Rates back to near 40 Year Lows!
Wow! There are a lot of big things happening right now. Unfortunately there is so much happeing right now which people are paying attention to that they may not see the opportunity that is at hand.
Low Mortgage Rates, A Beatten-Up Housing Market, Lots of Inventory, and a very Compressed Market (at least in the Leominster, MA and Greater Central Massachusetts area)! In the 17+ years of 'full time' real estate sales, this is one of the Best times to Buy UP that I can remember.
When looking at the relatively LOW cost of money combined with the fact that you can get so much more house for not a lot of additional cost per month (at least in the Leominster, MA 01453 area) at this point, it is almost shocking that more people don't take advantage of this opportunity!
Look at the listings on www.RealtyMan.com and see the difference of a home for sale for $250,000 compared to a house for $350,000. There is a Huge difference! And, for less than $600/month (reflective of P&I on a conventional 30 year mortgage loan - contact your lender for full details).
Fed Drops Key Rates! Huge Stock Market Swings! Fixed Mortgage Rates back to near 40 Year Lows!
Wow! There are a lot of big things happening right now. Unfortunately there is so much happeing right now which people are paying attention to that they may not see the opportunity that is at hand.
Low Mortgage Rates, A Beatten-Up Housing Market, Lots of Inventory, and a very Compressed Market (at least in the Leominster, MA and Greater Central Massachusetts area)! In the 17+ years of 'full time' real estate sales, this is one of the Best times to Buy UP that I can remember.
When looking at the relatively LOW cost of money combined with the fact that you can get so much more house for not a lot of additional cost per month (at least in the Leominster, MA 01453 area) at this point, it is almost shocking that more people don't take advantage of this opportunity!
Look at the listings on www.RealtyMan.com and see the difference of a home for sale for $250,000 compared to a house for $350,000. There is a Huge difference! And, for less than $600/month (reflective of P&I on a conventional 30 year mortgage loan - contact your lender for full details).
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