WE ARE GROWING

Welcome Colleen Griffin, Ann Marie Walsh and Kate Oftring to RE/MAX Vision. Kate was also selected as Worcester County's REALTOR of the year by Worcester Living...Congratulations Kate.

LOW LOW RATES

Rates have dropped to a 30 year fixed with no points to 3.95% as of today. That means on a $200,000 mortgage it will cost $950.00 per month for principle and interest. Anyone that is renting right now should be looking to buy if you are planning on staying in that home for the next 3+ years.

APRIL 30 2010 is the DEADLINE

The current tax credit does expire April 30, 2010. This simply means that you have to have a fully executed signed offer by April 30, 2010. You can close on the property up until June 30, 2010 in order to take advantage of the tax credit. Rates are low, tax credits in place, combined with other programs such as Buy Worcester Now create a nice package for todays buyer. SELLERS BE READY.

NEW ADDITION

Kitty Bradshaw has joined our team of professionals. Kitty is a resident of Holden and has been in the real estate field for 26 years...we are happy to have her here.

WE ARE GROWING AND SO IS THE MARKET

With the first time tax incentive the market has been brisk. This will end on November 30, 2009, so if you are out there looking for a home, you should give yourself a minimum of 45 days to close. This would put you in mid October to have secured and signed an offer on a home. We are also proud to say we have maintained a level of #1 in sales volume per agent, we are working hard. Thank you everyone.

NEW ADDITION

RE/MAX Vision is proud to announce the addition of Todd Matthews. Todd also practices in commercial real estate as well as residential.

SPRING HAS SPRUNG

With the $8,000.00 credit for first time buyers the market has been very active with the lower interest rates. Over the past 2 weeks rates have come back up a little but, they are still in the 5.5% range and very attractive. Now there is talk the credit will extend to all buyers, we will wait and see.

IT IS TIME

Alot of people have been asking about the bottom and when will we reach it? If you wait too long it will have passed, we are there. Rates are down, prices have stabilized, and if you are a first time buyer there is an $8,000.00 credit.

WELCOME

RE/MAX Vision welcomes Sue-Anne Bock and Marie Mingione to the team. Both of these woman are true professionals with years of real estate experience. They are available at 508-595-9900.

Yes, It Is True

Homebuyer tax credit is increased to $8,000. on a principal residence for first time buyers. There are some income limits but very generous, this terminates December 1, 2009. Stay in the home for 3 years or more and there is no repayment.

Almost There

It appears that the new incentive will be an $8,000.00 tax credit for first time buyers. This will help to start moving the entry level homes which in turn will start the market moving. This with the low rates should develop into an early spring market.

DECEMBER RESULTS

Homes sales in MA were ups 3.2% in December when compared to last year. This was also the third straight month of increase total single family homes sold. Although the median price did drop, this may be the bottom as the rates are now dropping. Buyer demand seems to be resurfacing as there is also a first time buyer's tax credit of $7,500.00

MORTGAGE RATES

Rates are down to the 5% level with no points on a 30 year fixed...the wait is over.

Home Sales Up

According to the Massachusetts Association of Realtors single family home sales were up 6.6 percent in October 2008 compared to the same time last year. This is the 2nd straight month of year over year increases in monthly home sales in 2008. Condo sales were only down 1.0 percent in October compared to the same time last year. Total inventory of residential properties that are active and on the market also decreased 13 percent when compared to last year.

Happy Thanksgiving

There is alot of uncertainty out there, the common element right now is rates are good and prices are down, now might just be the time. Have a healthy holiday.

LATEST RESULTS

The National Association of Home Builders has just released their latest forcast which states the Northeast will be one of the first regions to rebound. They expect signs for most areas in the 3rd quarter, no later than the 4th. Here in central MA we are already seeing the market start to improve with steady sales and in some cases multiple offers on one property. If you are waiting for the bottom do not wait too long as we may be there.

PROCEED WITH CAUTION

The term that is being thrown around lately is "short sale". This simply means that the current mortgage holder may ot may not accept a sale price lower then what is owed on a property. Most short sale situations the mortgage holder will take up to 90 days to make a decision after reviewing all offers, they also reserve to right to foreclose on the property anyway. Do not be fooled by artificially low list prices in order to lure multiple bids raising the price. Keep your eyes open for traditional sales as well, sometimes they are the better deal in the end.

LATEST RESULTS

The Massachusetts Association of Realtors (MAR) has reported that home sales are down for the third straight month in November. The median sale price of single family homes are -2.9% and the median sale price of condominiums are +1.9%...maybe we can say we have stabilized?

RATE CUT

Ii is official the fed did cut the rate by 25 basis points.

Home sales up in July. There has been alot of negative press however according to Mass Association of REALTORS July 2006 the median sale price on a single family was $361,250 and July 2007 it was $365,775.