It's Not All Bad News!

With the start of each day, or just about, our morning papers are littered with articles discussing the horrendous condition of the housing market. Whether we are reading about foreclosures, mortgage rates, median home price sales, or inventory levels, the news always seems to build on our fears. But the fact is that the market is still quite active, many properties in Boston are selling, and as mortgage rates move toward historical lows, the current condition creates a perfect time to buy for the right individual.

We've seen quite a bit of this recently in the Boston market. There are buyers out there, plenty of them, and as certain property values have exhaled to more realistic levels, they are being sold. When desirable properties hit the market it's not unusual to see several buyers get quickly involved in the bidding process.

Sunday's Globe ran a great article discussing three exceptions that often make a property be "less affected" by a poor housing market. They were "Location", "Price", and "Condition". To read the article, click this link - "Bidding Wars? Quick Sales? It's Happening!"