Housing 2014

As the year 2013 ends - a great year for the housing in the country and even more so for the Boston area and its suburbs.
Last year, I had written that buyers who understand the true value will be able to buy but even I stand to be corrected and was proved wrong with a very strong buyers market. It was the Sellers market all the way and they were paid handsomely for putting their house during this year's Spring - Fall market. The buyers did not get a chance to think to make an offer - if they slept overnight on a house they had liked, it was already gone when they woke up. Even I was taken by surprise and shocked with the upward price movement in towns like Lexington, Newton, Winchester, Cambridge area.
Looking into 2014, I see this trend to continue with low inventory in high end markets with minimum impact of mortgage rates starting to  inch towards high 4's - 5's for a 30 year fixed mortgage as there are plenty of cash buyers out there.
And if these rates remain as I see them (high 4's)  - in communities like Acton, Westford, Burlington etc. the prices should remain stable/stay around 2013 prices, as the buyers capacity to purchase could be impacted.
Hoping for a happy 2014 housing hunt for buyers and Cheers once again if you happen to be a Seller this coming year.
Call me at 781 325 3938 for your housing needs in the Boston Area.