Dear valued client and friend

Hope you enjoyed your summer and are now looking forward to the fall season and good things ahead.

• Low mortgage rates serve as an equity shock absorber. When buyers borrow at today's record-low rates, they start building equity as soon as they close. That means they can absorb a few ups and downs as the still-recovering housing market gains traction.
• Houses are in move-in condition. Home owners have continued to spend on maintenance and repair, according to the Harvard Joint Center on Housing. As these houses enter the market, they are in marked contrast to tattered foreclosures.
• Terrific houses are coming on the market. Foreclosures are finally starting to clear the system, and they are being replaced by some very attractive properties.
• Appraisal regulations are finally aligned with market realities. Fannie Mae has adjusted its appraisal guidelines, giving appraisers more flexibility to set values that reflect the current market.
• Plenty of programs. Many programs that encourage middle-class families to buy homes continue to exist, despite market downturns. Buyers who qualify can get a big boost by combining one of these programs with today's low mortgage rates.

Source: ForSaleByOwner.com (07/29/2010)

The debate heats up: Is it better to buy or rent in this market ? For most, homeownership remains the preferred option. Although some recent articles focus on the family home as strictly an investment, the truth is buying a home has never been just an investment. And it remains the quintessential American Dream.

Read More

There are four bedrooms and two and a half baths, as well as a terrific family room and sun porch in the lovely colonial that goes with this tree house at:
81 Chester Road, Boxborough,MA

Read More

Acton Area Housing Market Statistics*

* Acton, Boxborough, Harvard, Littleton, Maynard and Stow

If you would like specific information about a town, contact your Agent.

Moving out of state or across town? We can help.