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Greetings!
Good news! The market continues to have a nice active buzz. Data is mixed within our towns, see our Market Action Reports for the details.
After attending a great presentation by Chief Economist Lawrence Yun, from the National Association of Realtors, it was nice to see that what we are feeling on the street is what he, along with many other economists, are predicting for 2012 ..... a bottom to the housing bubble, with a national forecast of a 4% increase in sales and a 2% home price growth.
Yes, I said growth not decrease. Again, just forecasts, but better news than months and years past. We are experiencing some of the best affordability conditions dating back to 1970, and a somewhat better job environment.
There are many outstanding variables that have the potential to affect our market but for the moment things are feeling a little more encouraging. Still, more than ever, sellers need to show their best and be priced to be "best in class" and the buyers will be there to respond.
Another sign of increasing market activity is the number of open houses, there are 35 this Sunday in our towns, for homes ranging from $349,900 to $3,795,000.
As always we are here for you to answer any questions or concerns, please do not hesitate to reach out.
Have a Happy Valentine's Day! We included something new this month to help you celebrate, scroll down to the bottom of the page.
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