May 25, 2007
I really like these quotes:
“The price good men pay for indifference to public affairs is to be ruled by evil men.” ~Plato
“I have sworn before the alter of God, eternal hostility against every form of tyranny over the mind of man.” Thomas Jefferson
March 25, 2007
The latest on the Real Estate Market
It seems my observations in the March 9th comment are on target for other Real Estate agents as well. The New Hampshire Association of Realtors reported in it’s press release that was reported on WMUR that the market is improving in New Hampshire. The following quote is from the most recent newsletter:
“By all accounts, we are moving forward into a healthy and opportunity-rich spring real estate market. Membership at the local, state and national levels is strong, buyers are plentiful, sellers are recognizing and adapting to the market changes, and interest rates are still at historically low levels.”
This is great news for buyers that can still get great loan rates and reasonable prices, a recipe for sales!
March 9, 2007
Happy Days are Here Again…I think?
Well normally I would think that the real estate market wouldn’t heat up until it got warm in the spring, especially in the current soft market. This week not once but twice I saw the good old days return.
Monday even with the temperature in the single digits I arrived to show a new listing and found 2 other brokers there to see it too. A nice house for the price and the next morning it was there in my morning report I see every day as being under contract. Just a couple days and sold, wow it was like 2002 again but maybe it was a fluke. Tuesday came and on a new listing in Chester, NH on the market a day I called to make an appointment for my buyers and guess what…already under contract. I ended up showing other homes to these nice folks and out of those what do you think happened? Very good, I saw one of the three I showed had a contract to buy. Three times in as many days I witnessed the market returning and families feeling comfortable moving forward and living their dreams in a new home.
February 11, 2007
Folks are always wondering about the Prime rate going up or down and how much house they can afford. The reality is that the Prime rate doesn’t affect home mortages, it affects short term interest like credit cards. Home mortgages are linked to the Bond rate and they are still low. Historically the current 6.3% for a 30 year mortgage is great. I’ll go further and say I’d rather be buying a home right now than 2 years ago. Home prices are down and deals are out there for the shrewd buyer and rates are still low. Crowd mentality stops many from buying for FEAR that prices will continue to go lower or they are playing the market waiting for the bottom. Good luck I’d rather be happy knowing that I got something I want and for less than I could have 2 years ago.
