Lowell Deeds

The latest on real estate recordings and new technology from the Middlesex North Registry of Deeds in Lowell

April 4, 2007

It’s Getting Better

by @ 9:16 am. Filed under Real Estate

This morning’s business section of the Boston Globe has a Bloomberg News article that states the real estate market may be turning the corner. The report is based on information provided by the National Association of Realtors. According to the report buyers executed more Purchase and Sales Agreements in February than in January of this year. Although the increase is slight, just 0.7 percent it is significantly better than the 4.2 percent drop seen in the prior month. As expected annalist are crediting lower housing prices and good interest rates for the reasons buyers are re-entering the market. Most Purchase and Sales Agreements in the Northeast result in home sales so the indicator used by the NAR appears reliable. The average time between signing a P&S and the final sale is approximately 45-60 days. This means the registry of deeds will most likely feel the effects of this small increase within the next two weeks.

Leave a Reply

[powered by WordPress.]

Pages:

Recent Posts:

categories:

search blog:

archives:

April 2007
M T W T F S S
« Mar   May »
 1
2345678
9101112131415
16171819202122
23242526272829
30  

Metatasks:

25 queries. 0.410 seconds