Prices UP – Inventory down – Housing Rebound?

  August 2012 Market Update   The national housing market continues to recover, indicated by a balanced supply of inventory and increasing home prices across the country. NAR President Moe Veissi states, “The very favorable market conditions are helping to unleash a pent-up demand, which is why housing supplies have tightened and are supporting growth […]

Realtors Chief Economist Dr. Lawrence Yun Visits North Andover – 2012 Strongest in 5 years

On Thursday, I met with Dr. Lawrence Yun, Chief Economist for the National Association of Realtors at Merrimack College in North Andover, MA. Dr Yun was brought to our area by the Education Committee of the Northeast Association of Realtors. Dr. Yun deciphers market statistics for the Realtor Association on a national level and gives […]

Feb 2012 Big Picture Housing Update

February 2012  Market Update 2012 is off to a promising start. Mortgage rates continue to drop and have remained under 4% for nearly two months. Home sales are strengthening and pending home sales, a measure to gauge future sales, are at their highest levels since March 2010. Job growth has been increasing for most of […]