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Housing Trends

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Asked any local Realtor about 2013 business and you will receive similar answers. The year started robustly with a large number of land sales (relatively quiet for the past several years) and home purchases to first-time buyers. To me, both trends suggested confidence in the future and that folks felt their jobs were secure. Expectations were that summer would sizzle. What happened was more like a summer fizzle. More inquiries and showings did not lead to contracts. Many blamed the sudden jump in interest rates. While that may have been a contributing factor, I sensed a return to the economic uncertainty that has hovered over us for the past several years.

Having said that, the past month has been busy with a mix of land, primary homes and second homes going 'under agreement' and to settlement. I am not sure what has started this burst of activity but I do know that buyers are taking advantage of the inventory and getting some very good deals while interest rates are still historically low.

May I suggest taking a look at one prominent Center Lovell home? Conveniently located at the top of Old Stage Road, with 1.6 acres and beautiful White Mountain views, this is the perfect year-round or second home. Please click here for additional photos and detailed information. We would be pleased to show you this exceptional property.

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