Real estate professionals agree that presently, there is a shortage of homes for sale in most areas. Consumers who are actively looking for a home to buy would most likely agree. In the larger economy, whenever there are more buyers than sellers of anything, the market will correct the imbalance, and so will the housing market….. eventually. It takes considerable time to produce new housing and it apparently takes considerable time to convince existing home owners to offer their property for sale.
Sometimes there is urgency on the part of sellers and buyers to make a move in the instance of a job change perhaps, but often there is a rather big window of opportunity within which to make a move. For the most part, buyers are living somewhere now and can continue that way, and sellers often seem to be waiting for inspiration. Unfortunately for sellers, when a clear sign comes, it is often too late and the most favorable conditions have passed. For some potential home sellers, waiting for a home to return to its peak value is an indicator of when to sell.
In some Massachusetts communities, home values have reached or surpassed the peak values of 2005. Those communities tend to be the towns in the inner suburbs of Boston, mostly east of route 128. Other cities and towns .........Read More>>
