Good News in Mid-September

Although I do not predict, I have been happily anticipating the fall real estate market. I have reason to expect it will be a good market for buyers who are financially prepared.

It is still pretty quiet out there in real estate land... Mostly, I’ve been house-hunting in “Greater Cambridge.” I’ve seen lots of quiet open houses this September. There have been some “lightning strike” busy open houses and a few fast sales. But, overall, I expected more activity. I checked this perception with my office-mates, and they sensed the same thing: we all have good clients, but there is not much in the way of new and interesting listings for them.

Maybe it is because the Red Sox played “them” this past week, or because the Patriots were making news, but this fall seems to be a bit anemic.

For buyers, things just got even better! The reduction of the benchmark interest rate is a good thing for people who are buying now. Whatever you were going to spend every month on your principle and interest just went down.

Now, all you need is a property you want to live in!