This fall is going to be an incredible time to buy or sell based on market trends in the North Shore of Massachusetts and Southern New Hampshire. Aside from the fact that Essex County and the Merrimack River Valley are extremely desirable places to live, there are other factors, like a strong job market, that are factoring into this exciting season.
Stone Ridge Properties Co-Owner Cathy Toomey comments, “whether you are a first time buyer or a seasoned real estate pro, you have to admit these interest rates allow for much greater purchasing power.”
Earlier this year The Boston Globe predicted that this Fall would be a great time to buy or sell: “Interest rates are still low; mortgage guidelines are loosening; inventory is on the low side, keeping the supply under control and demand high; the economy in Greater Boston is booming; home equity is rising; and pride of homeownership is definitely back.” Inventory is still low which is great for sellers hoping to get an offer on their home quickly, and buyers can be optimistic about mortgage approval as mortgages are getting easier to obtain.
With low inventory and eager buyers, be sure to connect with a Stone Ridge agent soon to make the most of this busy season. We are ready to get working for you! Visit our website to find an agent and set up an account to receive daily real estate updates.
IMAGE: 258 High Street, Newburyport, MA $599,900, click image for complete listing.
Sources: The Boston Globe, Feb 7 2016: Another Big Year for the Housing Market Ahead. The Fiscal Times, May 2016: 10 Trends Driving the Housing Market Now.