RE/MAX CEO Margaret Kelly told CNBC's Amanda Drury on March 14 that RE/MAX agents are reporting the busiest January and February they've seen in years.
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Matt Hurlburt Group's Blog
Matt Hurlburt Group
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We would like to thank our customers and clients for making the Matt Hurlburt Group Vermont’s #1 RE/MAX Team, and #17 team for RE/MAX of New England, in May, 2011.
Burlington, Vermont may be home to a lot of happy people according to Men's Health Magazine! It named BTV the least angry city in the entire country.
Cities were ranked on four criteria: Aggravated assaults per capita, the number of people with high blood pressure, anger management specialists per capita, and time spent in traffic during rush hour. (They obviously didn't visit on a Friday at 5:00 and try to merge lanes on Williston Road...LOL!)
What is the angriest city in the country? Detroit.
The numbers are in for 2010, and for the 13th consective year, no one sold more real esate then RE/MAX! The avarage RE/MAX agent sells nearly two times the closest competitor, Coldwell Banker, and Matt Hurlburt more then doubles the average RE/MAX agent's production. Numbers don't lie! Whether buying or selling, trust Matt Hurlburt to successfully handle your transaction!
I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!
Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates up, it could cost you even more to service a mortgage on an identical home!
While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.
Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.