Okay, a few days late, but sincerely wished.
The holidays are over and with that it appears there is a renewed interest in the real estate market. The phones are ringing again!
The news reports show that sales were down last month, but prices were not. However I do have to say that the prices from $1 to $400,000 have definitely seen a correction. The corrections are mainly in homes that require updating and/or total renovation. Homes that are in good condition, show well and are updated have not really seen a loss in value. I believe it is because we have a large revolving retiree population on the Cape and they usually do not want a rehab. A little bit of work is okay, but nothing major.
Interest rates are still great...around 6.25% to 6.50%....you can't hate that! Innovated financing for 1st time home buyers as well as for seasoned buyers is readily available. There appears to be a program for almost every need.
Go to my real estate web site if you need mortgage information, mortgage calculator, mortgage rates or of course information on homes for sale on Cape Cod. Call or email me if I can help.
http://www.capecodrelo.com
No comments:
Post a Comment