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.