While the media reports on a dismal economy.. they mis-lead us into believing the sky is falling.
While unemployment is around 7% nationwide.. doesn't this mean that 93% are employed?
While 1 in 10 homes are "under water" doesn't this mean that 90% of the other homeowners are NOT?
When there is a chance of sun.. why don't we hear this report? Instead we hear about the chance of rain?
So now, I am on a mission to de-program my brain to positive channels.. what about you?
So on with the report:
Currently there are 164 single family homes in the market in Taunton ( In December there were 190!)
Last month-13 sold
Currently under agreement- 27!
Multi family homes-
Currently on the market 57
Last month there were 82!
Sold last month-11
Multi family homes under agreement- 14!
Trends- I noticed that the bank owned homes are moving and recieving multiple offers. In fact, all priced right homes are selling fast!!
First time buyers are really out there buying well priced well located real estate. For buyers, this is a great time to buy.. as a lifestyle asset that will more than likely appreciate greatly over time.
Interest Rates are the lowest I've ever seen! I paid 11% on my first house- a condo at $100,000 back in 1987! My payment was in excess of $1100 per month.
The same $100,000 condo is now about $500-600 per month based on a 5-6% rate. This is less than rent! I don't understand some of the fence sitting. Buyers- take advantage of these opportunities. Nobody knows if the market will keep going down. we will all be looking in the rear view mirror when it does happen.
.... but we do know that interest rates WILL go up!
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Lori Lincoln is a Realtor/Consultant with Keller Williams Realty. She can help you with your home sale and/or your search for a great deal on a new home. Lori Lincoln is a Top Producer and Educator in an office of 124+ agents that care about its clients and their needs.
For a free MLS home search go to http://LincolnTeamRealEstate.com
Contact Lori today 508-878-0917
email: lorilincoln@kw.com
Lori Lincoln
Keller Williams Realty
508-878-0917
Search Thousands of MLS listings for Taunton,Rehoboth,Lakeville, Assonet,Somerset, Raynham, Easton
$8000 tax Credit. Luxury Home Specialist in MA
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Lori
I paid almost 11% on my first home too. And i needed 5% down and 5% reserves.
It's a better time to buy than it was in 1989!!!!