Tulips

The Presidential election cycle is in full bloom and policies are reflecting that.

Interest rates are hovering near 4% for 30 year fixed. These are record lows and a far cry from 1981 when some of us remember paying between 12 and 18%. The highest we ever paid was 21% for construction financing and the workers at town hall almost fell out of their chair when we applied for a building permit.

“Who are these idiots?” they must have been thinking.

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New refi program available for homeowners underwater, but not fighting the current.

Check it out if you are in need of a bailout.

Hey, why not. It’s the American thing to do. If AIG can get help, why not me and you?

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The meltdown since 2005 has continued, but there are hopes that the market is trying to stabilize.

We do not have a crystal ball, but after spending a few months in Florida this winter, it seems that there is the perception of a stronger market building.

On the positive side, activity is more brisk than in previous years and inventory appears to be diminishing.

With that being said, there are still more homes coming to market through the shadow inventory that developed when Banks pulled property off the market as legal questions arose.

Jury still out, but prices have fallen substantially enough that rent vs ownership options should be considered for those who expect to remain in the same geographic location for a few years.

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In New England, spring is typically the best season to sell. If you are thinking of relocating, get a game plan. Logically think ahead to the core issues, like timing, packing, financing and your current and future needs.

The single most important thing you can do regarding your home is determine how it fits into your long term plan.

We have had more than a little experience with that, contact us if you need some help.