I'm feeling the positive vibes in the housing market. I mean
let's face it, we've had a tough winter in New England this year but the
real estate activity has been strong. Even in the worst of weather, buyers have
been out aggressively purchasing homes. This is great news for sellers and for
the real estate market in general.
The worst of the busted bubble seems to be over.
Don't get me wrong. There are still plenty of homeowners underwater but it
appears that the foreclosure rate has slowed down a bit. This is great news.
Some consumers who lost their home or needed to do
a short sale in the bubble, are now beginning to rebuild their credit to the
point where some have actually been able to purchase a new home. I saw this
first hand with one of my clients. They lost their home in 2007 and were able
to buy a new home in 2013. Not the easiest thing to do with the tougher
guidelines from mortgage lenders. But it is possible.
I also read that there are some subprime mortgage
programs that are available for people with less than perfect credit. This
indicates to me that lenders are showing faith in the housing and economy.
Consumer confidence is also getting stronger.
People are feeling more secure to spend money on other things besides their
essentials. The unemployment rate is also going down. I always believed that
once people feel comfortable about employment, it would equal a better, more
stable housing market.
At EXIT REALTY FIRM, we have a vision of first-class customer service and professional conduct based on integrity and honesty. Our success is built upon the guiding principle of commitment to client satisfaction. Locating the perfect home and moving can be an exciting and yet stressful time. Our goal is to to assist you through all the phases of buying and/or selling a home and leave you with a great sense of accomplishment and satisfaction.