Buyer Activity on the Rise- What does the Boston Globe Have to Say?
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Sentiment among real estate practicioners is the market is picking up. I have seen increased buyer activity since the begining of the year and have put quite a few lower end properties under agreement. The market will build itself from the bottom up. As the first time home buyers start to buy inventory it allows the sellers to move up in to more expensive homes. Its a start!! See what the Boston Globe has to say.
New to the Market. Low mortgage rates, falling prices, and a tax credit are luring first-time buyers into homes they can afford.
A growing number of first-time buyers are
jumping into the housing market this spring because of falling prices,
historically low mortgage rates, and an $8,000 federal tax credit.
"Houses
that were not previously within the grasp of first-time home buyers"
are now attractive to them, said Thomas Gleason, executive director of
the Massachusetts Housing Finance Agency, the state's affordable
housing bank. "There is a lot of pent-up demand." Read More......