Low prices, great inventory, mortgage interest rates at historic lows!  It’s kind of like department store’s after Christmas sales events…take a look at this interesting commentary on today’s housing market…I think you’ll find it interesting. Then if you’d like more information about the real estate market here in Andover, North Andover and Boxford, give me a call or contact me at REMAX Partners.  Whether you’re considering buying a home for your family or as an investment, now is the time to buy.

With so much news about the financial markets it’s no wonder home owners are concerned about the value of their homes and home buyers are wondering if prices have stabilized or if further adjustments can be expected.  Wise investors have always understood that real estate has always been a local, long term investment .  The time to buy or sell a home is always about what’s right for you–not about the emotional highs and lows of the daily news.  Still, many people wonder when the national real estate market will begin to recover.  For an interesting perspective on this topic take a look at this recent  article by James Cramer published in the New York Magazine.

The news reports certainly paint a discouraging picture of the housing market.  Even if we’re not currently considering a move, for many of us our homes are our single most valuable asset.   I believe that is one reason the health of our nation’s housing market is so important to us.  I also believe that it is also the reason the news outlets broadcast reports daily.  For most Americans owning a home truly is the American dream.  Consider this– forecasting national housing market trends is similar to forecasting the national weather. Just like the weather, real estate is local.  Did you know, for example, that while the total number of single family homes sold in Andover and North Andover this year compared to the same time period last year is fewer the median sales price of homes sold in Andover is holding steady at $550,000 and has increased from $494,000 to $500,500 in North Andover?   For the best local and up-to-date information on your neighborhood contact me. I can help you sort through the conflicting news reports and help you determine the true value of your home or home purchase.