Well, the numbers are in, and it has been an exceptional week! Not a surprising week, given my predictions over the past while. In our office, we have been seeing proof every day of how the market is moving forwards, with more houses selling faster and for more money. In fact, our own personal experience has been that the 2 homes we listed for sale this past week have both sold with multiple offers within the week they were listed! It will be very interesting to see what the mainstream media (MSM) has to say about things.
One area where I will agree with the MSM is in the area of who is fuelling the market; it is definitely being fuelled by first-time buyers. As I mentioned in our `Your First Home`seminar last week, the current economic climate is like a perfect storm; prices are down, interest rates are at their lowest point in over 60 years, and rents are up. So, in light of the fact that you have to live somewhere, whether you are laid-off or not, it would seem that now is the time to get into the market. Remember, it`s a limited-time opportunity, and when it`s gone, it could be a decade or more before it comes back around.
Here`s the numbers for the past week:
And here`s the latest Annual Summary:
