Town Buzz

-This past year has been the 5th best on recoerd for residential home sales in Greater Boston.

-Despite the recent correction in home prices, housing is a solid long-term investment.

-When looking to to buy, it's virtually impossible to time the market. With mortgage rates having declined and now averaging near 6% for a 30 year fixed loan, home prices having stablilized locally, and many homeowners motivated to sell, this spring should be a good time to buy.

-Although mortgage lenders have tightened lending standards, financing remains readily available for creditworthy borrowers. Importantly, consumers with credit scores under 680 can expect to pay higher rates and points this spring following pricing changes that Fannie Mae and Freddie Max will impose in March. Thus, those currently in the market may wish to act sooner rather than later to buy.

Please call if you would like more information on the current economic housing market or your would like a recommendation of a reliable lender.