START YOUR South Shore, Massachusets SEARCH HERE
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Tax Credits End May 2010: |
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November Update
"Stimulus Sales" - Inventory Falling, Sales Rising, Asking Prices Up, Sold Prices Down, Days On Market Falling |
October UPDATE Investors are buying riskier assets on Wall Street including junk bonds. Recent mergers in technology and pharmaceuticals are a sign that confidence is returning to the markets. Single family home prices are rising in Sales of single-family homes (see below) were up over the summer.
POSITIVE NEWS
The Fed will keep the overnight interest rate at virtually zero for "an extended period." 
That means until at least some time in 2010. Policy makers also announced that they would extend the Fed's program to buy up almost $1.5 trillion worth of mortgage-related securities through the end of March 2010.
In this VOLITILE market you need to be aggressive and move in quickly when you find an opportunity. Always have financing ready before making an offer and work with someone who stays close to the local market.
Median prices (in 
As you can see from this graph, median prices took a tumble over the winter falling 30% from 2007. Overall sales have fallen 9% since last year and 25% since 2007. Inventory has also fallen on the South Shore from about 3, 650 homes for sale at this time last year to 2,980 today; a drop of 18%.
CUBBY FITTS, DUXBURY, MA
REALTOR
To receive an analysis of your current (or future) home, please call me at (508) 353-7932.
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Cubby Fitts utilizes the latest technologies, market research and business strategies to exceed your expectations. More importantly, we listen and that means we find solutions that are tailored to you.
