Signs of Hope

It may be that the tide of economic bad news is ebbing and some stabilization is returning. Monthly payroll numbers have been inching upwards and fewer people are filing for unemployment on a weekly basis. Average number of hours worked are increasing as well. And that usually means that businesses at some point will have to hire more workers. This doesn’t mean that the economy will become robust in the near future but a slow and steady recovery, which will be healthier in the long-term, may be underway.

Employment confidence is the key to a rebound in the housing market. The number of homes on the market far outnumber the pool of buyers. And I have a sense that many potential buyers who are working, feel that prices may still come down. So they are holding off on purchasing a home. Although mortgage interest rates are still very low, over the past month they have been climbing upward. At some point next year that alone may help push buyers into the market.

And despite the tremendous hit that housing values have taken over the past several years, a recent study by Fannie Mae shows that The American Dream of Homeownership is still alive. More than 51% of the people said that the housing bust did not change their willingness to buy a home. Here’s a link to the CNN Money.com story.

I’m looking forward to a stronger (not difficult when compared to the past few years) housing market but one where the buyers will still have the advantage and buyers will have to price their homes competitively. To view local listings and to view all Maine listings, visit Kezar Realty.

About kezarlife

I am a year-round resident of Lovell, owner of Kezar Realty (KezarRealty.com) and enjoy the variety of experiences that living in western Maine offers. Numerous lakes, ponds and mountains provide the opportunity to enjoy the outdoors every day. Married to Rondi we have two children. Ben is a Sergeant in the US Marines and with his wife Cassandra, son Jackson and daughter Reagan, live in Virginia. Ben's most recent deployment was to Afghanistan. Anna is a graduate of Fryeburg Academy, has studied in Beijing, China as well as Taiwan and now attends Hunter College in NYC where she is enrolled in their Chinese Flagship Program. I am active in many local organizations including the Charlotte Hobbs Memorial Library, Lovell Historical Society, Old Home Days, Lovell 5k Run, the Gasping Gobbler, the Tour de Lovell and the Brick Church for the Performing Arts. I also serve as President-elect of the Western Maine Board of Realtors. Please visit www.KezarRealty.com for up-to-date real estate listings and information on western Maine! Stan Tupaj
This entry was posted in Real Estate. Bookmark the permalink.

2 Responses to Signs of Hope

  1. Katie says:

    I love your blog!!!!!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s