Monday, December 24, 2012

Housing Trends in 2013

Early January 2012, I had sent an email to my contacts, clients that the Spring market has come early this year.
The market started better than 2011 and remained strong in towns like - Lexington, Burlington, Cambridge, Boston - Back bay & Sea Front, Westford, Chelmsford, Winchester, Billerica to name few towns I helped my clients move and even all the Boroughs like Southborough, Northborough in metro-west area through out the year. The high end market over a million has bounced back.
My clients bought houses when they have been realistic to understand the value and see what the market has been willing to pay for a house. Others did not get the houses after making offers if they were in the 2011 time zone.
As we move into 2013, I expect the market to consolidate and remain strong as there will not be enough inventory, as of now mortgage rates remain low and could remain there for many more months.
There could be bidding for good houses. People have to realize the true worth and how much they want to pay versus how much they are willing to wait. It will be a very interesting year for the housing market.

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