The Market is Back

Shades of the spring of 2008.  First Time Buyers are fueling the market place .  In my previous blog I supported the notion that the combination of the lowest mortgage rates ever combined with a leveling of prices should create an increased activity in the market place.  That is now a self-fulfilling prophecy as the reality now is that any property that is properly priced is selling within 2% of asking price.  We are also seeing multiple offers on properties that meet price point criteria.  This activity has a ripple effect on the "move up" market place and will eventually begin to impact the $400,000.00+ offerings.  Now is the time to seriously consider that first home given the recent government incentives combined with reasonable prices and low cost of mortgages. see you there!!!

Robert Mair

Robert Mair

Managing Broker
CENTURY 21 Home Realty Inc., Brokerage*
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