Be fearful when others are greedy. Be greedy when others are fearful. - Warren Buffett Opportunity abounds throughout the Merrimack Valley. Inventory levels in most communities remain above 6 months (a 5-6 month supply is considered normal and balanced) which gives Buyers plenty to choose from. The number of transactions in most cities and towns has remained stable over the past few months, and inventory..(read more)

Market activity in the Cities of Lowell, Lawrence, & Methuen remains relatively stable. This is due in large part to the high numbers of Bank Owned Foreclosed properties which continue to attract investors to these cities. The Town of Billerica continues to see steady demand, and the Median and Average Sales prices of single famiy homes in Billerica increased slightly for the second straight..(read more)

While values in the Merrimack Valley continue to be below the market's peak from 2005, activity has been consistent over the past couple years. The single family markets in the cities of Lawrence, Lowell, and Methuen continue to be negatively affected by the large number of bank foreclosures.  Values and the number of sales remained fairly stable in the surrounding towns of Andover, Billerica,..(read more)

Think Locallay, not Nationally When it comes to Real Estate, it is important to look at Local Trends, not National Trends. I'm sure you've heard the saying "the most important thing in real estate is Location, Location, Location." I couldn't have said it better myself. Real Estate can..(read more)

Home buyers who have not owned a home in the last three years will be eligible for a tax credit equal to 10 percent of the property up to a maximum of $7,500 under the new houseing bill. The reason for this bill is to help get buyers off the fence and reduce inventory levels.

Here’s is a summary of the how the credit works: If you have not owned a house during the past..(read more)

It's a great time to Buy! There are still many excellent opportunities in the Merrimack Valley. If you don't believe me, take a look at the recent activity.   As usual, May and June were busy months for closing attorneys, their staffs, the clerks at the Registry of Deeds, and moving companies (or friends with pickup trucks). Closings fell off slightly in July (the numbers below reflect..(read more)

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