3rd Quarter 2013- "Have we reached the tipping point?"

Continued strong sales statistics mask what Realtors have been talking about for  the past 2 months:  activity has slowed.  Don’t get me wrong, we still have an active market and it has its attractions for both Buyers and Sellers alike.   Sellers with move-in condition homes are still receiving multiple offers but a little more slowly and with fewer Buyers involved.  A recent listing of mine received 3 offers, 14 days after it was on the market and the offers came in over a 5 day span.  Why the slower pace?  Most professionals feel that the  increase in mortgage rates in the late Spring/early Summer is largely responsible.    But there is a silver lining in this slowdown:  personally, I think the more muted pace is a sign that the recovery in the market will be sustained over a long period and that both Buyers and Sellers will share in that benefit.  Call me today with your questions about how you can profit from this market.  

My promise to you remains unchanged: candid, truthful and professional real estate advice and services.  Always!