Interest Rates

Interest rates are still at or near historic lows.

30 Year Fixed Average
1988 10.34%
2000 8.05%
2008 6.27%
2010 <5.25%

Price

  • Prices are at a temporary low.
  • Trying to time the market? You will
    not know when prices have hit rock
    bottom until they start to climb.
  • Many Sellers are willing to negotiate.
  • Median prices have been moving up
    the past 3 months in New England.
  • Rents are rising.

Choice

  • Inventory is abundant... you have lots of choices available
  • You are more likely to get your 1st choice and not have to settle for your 2nd or 3rd.
  • Many Builders are offering incentives... don't wait...

Financial

  • Tremendous tax advantages over renting.
  • Capital Gains Exclusion ($250K for individual or $500K for couple).
  • Mortgage companies are making loans…
  • Equity — It is estimated that a home will double its value in 10 years.

New Construction

  • Save on energy costs - Most new homes today are built with high performance materials and energy efficient heating, cooling, and hot water systems.
  • Warranties - Most new homes provide a builder warranty and manufacturer warranties
  • New homes offer the latest in architectural design, media rooms, outdoor living spaces, open floor plans, and flex space.
  • Many new communities (single family and condo) offer local amenities for exercise, fitness and play saving the cost of transportation to other locations.
  • Many Builders are offering great incentives for buyers to buy now.
  • There's nothing like moving into a new home! New flooring, new cabinets, new fixtures, new appliances, new paint, new systems... buy now and enjoy!

How Long Will All This Last?

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