My last post discussed the weather and the expectation that things would improve. We have, in the last week written three offers which resulted in us having competing offers. This definitely indicates a strengthening of the market. Rates are now at an almost unbelievable 3.82% for a 5 year fixed mortgage. This is a rate that hasn't been seen for 50 years. Cheap money!!
There are still many signs of difficult economic times, however not all markets are suffering to the same degree. Imagine living in Windsor where it is now possible to buy a home for as little as $25,000.00. The only problem with that is that the economy in Windsor is very dependent on the auto sector and we all know what is wrong there!! Let's hope the government and the unions figure out how to keep the big 3 in business.

It's been a while but here we go:
The weather has improved considerably in the last week and Sunday was bright, sunny and warm (relatively speaking!!). I spent the time from 2PM to 4PM as usual in an open house and there was a definite improvement in the number of people who showed up and also the general outlook was quite positive. I know we always get the blame for continually trying to put a positive "spin" on everything, however homes continue to sell regardless of what the economists tell you. Yes - volumes are down but we are coming out of the winter blahs and the low interest rates combined with very attractive pricing seems to be having a significant effect on the market. Only time will tell, but I suspect the Cambridge market is doing somewhat better than the news media would lead you to believe. Watch this space and see what April brings.