The phones are ringing, the emails are pouring in and the hits on my web site have gone way up, all signs that there is definitely a pent up demand for homes here on Cape Cod. Buyers have obviously been holding back to see what the market would do. September will be interesting to see if those inquiries turn into sales........I'll keep you posted!
Mortgage interest rates are down slightly which is always good as long as confidence remains up. This is largely controlled by the media. I have been selling real estate for over 20 years and have noticed the media always forecasts a down turn in the market prior to it happening. They of course get their information from the "experts". What is disturbing to me is how they report this on a daily basis until it becomes a reality. The "Bubble Burst" forecast was talked about almost daily for over a year before it happened. I wonder what would have happened if they hadn't said a thing, hmmmm......Something to think about.
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