Real Estate: April 2008

About Me

Location: Boston, Massachusetts, United States

I'm a mother of two grown sons, my husband and I are empty-nesters at this point. Both of my sons have graduated from College. One is a graphic designer and the other is a senior credit analyst. My oldest is married and has a son (grandmother-yippee!) and owns his own home. My other son has a condo and getting married! There is something to say about all that. I am very proud of them and feel I accomplished a great task in my life. I've always work hard at everything I do and feel that is the only way I get things done to get what I want. I guess that's the way it was meant to be for me anyway. I truly believe things happen for a reason and if you want something you have to take chances to get it.

Monday, April 28, 2008

OPPORTUNE TIME TO PURCHASE

Existing-home sales in the Northeast and West each rose 2.2 percent from February, while the South and Midwest fell by 3.5 percent and 6.5 percent respectively. Sales once again dropped in all regions year-over-year: 18.8 percent in the Northeast; 22.3percent in the West; 20 percent in the South; and 15.9 percent in the Midwest.

Yet some areas in MA like North Shore as averaged the same this quarter in sales price to last years quarter, January through April 07.

That shows that we aren't declining in price in certain areas like most think and where rates are down this would be an opportune time to purchase.

The banks have declared that it will be harder to lend next year because of the current situation on the rate of foreclosures so they will be making it tighter for everyone including people who can afford to purchase by wanting more money down and top credit scores.

So why take the gamble and wait?