Don't let national headlines about housing values or foreclosure trends fool you. Our region will respond differently then Florida or Neveda or other states included in the numbers we read about and hear on the news everyday. You can pick up the paper in the morning and read about how the housing trend is looking up and then turn on you nightly news and hear we are in a down turn. It all depends what numbers your reviewing and where your property is located.
A recent article I read quoted a senior director at Moody' stating " I'm hopeful the spring will be better because the job market is improving." Many experts are saying the market climate can't get much better for Americans poised to put down roots. So no matter what you read or hear always review with your Realtor how the trends are developing in your area.
In the town of Berlin we currently have 87 homes on the market and the 30 year fixed mortgage rate is 3.83 percvent.
Find out what's happening in Berlinwith free, real-time updates from Patch.
In 2010 thru the month of May 54 homes closed and this year thru May 44 homes have closed.
So as you can see the volume is off but the inventory is high and the rates are extremely attractive. So for any buyer looking in our local market a buying opportunity does exist.
