WINDING DOWN

Written by Leslie Kopp Wednesday, 14 October 2009

The Fall selling season is winding down.  I’ll report the numbers in a few weeks. What is clear, however, is that recent price reductions make right now an outstanding time to buy at the beach.  Price comparisons to past years in some locations are approaching 2003 and may even be lower.  I will be researching this shortly and make it a topic for a future communication.

Further, we are finally seeing some easing in the jumbo loan market.  Rates have dropped somewhat and loan terms also show some easing.  Competition among banks is finally coming back.

In short, this may be the point in the cycle at which buyers happily look back on their ‘buy’ decision, or wish they had!!