Buyers- Pending Sales Up.... Homes Prices Starting to Stabilize
For the buyers sitting on the sidelines wondering if the time is ripe to buy or not.... I think the answer is get off the fence and buy!!
House prices may still be dipping but in many parts of the country they are starting to stabilize. Pending homes sales have been climbing steadily month after month. Interest rates are still low, with conforming rates in the low to mid 5%. House prices are starting to bottom out and the First Time Home Buyer Credit has been extended and expanded.
Now is a good time to buy your new home. Its time to take advantage of the low house prices, low interest rates and the FTHB Tax Credit. Don't miss the boat.
I know in the Merrimack Valley areas of Massachusetts that I cover, many towns home prices have stabilized or even seen some slight appreciation. The lower end of the market is heated up and many homes are starting to go over asking and selling very quickly. Over the next 6-9 months we will see that activity start to trickle up to the higher priced homes.
If you have been waiting maybe it's time to get out there and buy your new home.
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This post was provided by Kevin Vitali of EXIT Group One Real Estate In Tewksbury MA. You can contact Kevin by email at kevin@kevinvitali.com or call 978-360-0422.
I pride myself in the quality of my work while helpingbuyers and sellers make dreams come true.
Real Estate Services in the northeast Massachusetts, around the Merrimack Valley, Southern New Hampshire including the towns of Andover, Billerica, Boxford, Chelmsford, Dracut, Georgetown, Groveland, Haverhill, Lawrence, Lowell, Merrimac, North Andover, Newbury, Newburyport, North Reading, Rowley, Tewksbury, Tyngsboro, Westford, Wilmington, West Newbury