This weekend, despite being at one end or the other of just about every school system's vacation week, was a big one for open houses. Some had as many as 25 people at them. The market seems driven by first-time home buyers (proving that they are the one group that probably doesn't need an incentive to want to buy), who want to take advantage of low rates and low prices. Of course, it is usually their parents who have to let them know how low rates are, since anyone under 35 wouldn't remember high ones. (Conversely, my husband and I bought our first home in 1982 with an 18.75 % special low rate, that seemed OK to us, given that other mortgages were at 21%---it's all relative!).
Houses are starting to come onto the market at springtime pace, and buyers are out there to take advantage of the rates, the choices, and the weather. Let's hope it keeps up at this rate!
Showing posts with label springtime. Show all posts
Showing posts with label springtime. Show all posts
Tuesday, February 21, 2012
Tuesday, March 9, 2010
Spring!
Now that the weather has finally improved, we're noticing a lot of activity with calls and open house visits. We are seeing people holding back on making decisions, however, with the idea that they will have more to choose from soon. We think that there's plenty to choose from already!
While many more houses will come onto the market in the next month or two, they will come on at the higher prices that owners think they can command in springtime. They also will move quickly if they are still considered bargains.
I guess the conclusion you would draw from this data, as a buyer, depends upon whether you believe in the "one person for each person" theory of marriage, or whether you think that a number of people could have been your ideal match, based on the circumstances. If you fall into the latter category, you would tend to support that concept in househunting as well, and feel that there might be several good choices you could make at any given time. As someone who has been married for a long time, I would also add that it's easier to change what you don't like about the house you buy than what you don't like about the spouse you pick!
In our office, whatever the view about the above questions, there's a general impatience with all the waiting around. We're ready to write those offers!
While many more houses will come onto the market in the next month or two, they will come on at the higher prices that owners think they can command in springtime. They also will move quickly if they are still considered bargains.
I guess the conclusion you would draw from this data, as a buyer, depends upon whether you believe in the "one person for each person" theory of marriage, or whether you think that a number of people could have been your ideal match, based on the circumstances. If you fall into the latter category, you would tend to support that concept in househunting as well, and feel that there might be several good choices you could make at any given time. As someone who has been married for a long time, I would also add that it's easier to change what you don't like about the house you buy than what you don't like about the spouse you pick!
In our office, whatever the view about the above questions, there's a general impatience with all the waiting around. We're ready to write those offers!
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