I'm Back!

I’m back!!  Actually I’ve been here right along…however my beautiful baby boy Rowan arrived on the scene in late April and he’s been getting a big chunk of my attention. 

So, with summer mostly over and the boy sleeping a little more I’ve now got the time to weigh in on the last few months of real estate related events. A flat home sales market (in Maine anyway!), a down home sales market in much of the rest of the country, and a global credit crisis and liquidity issues have certainly kept my attention. 

What it all means depends on what your objectives are.  As a buyer you’ve got great interest rates with rates where they were a year ago and you’ve got lots of property to choose from.  As a seller you are likely to be a buyer soon and so you even though you may sell for less than you’d like you are bound to find the price on your next home quite palatable.  If you are a seasoned investor with property management expertise you may find several multi-family markets to be quite a good deal and with credit tougher to come by for some people the rental market seems to be firming up here in the Portland area. 

The way I see it the media spin on real estate is endless but many of us just need to satisfy our housing needs and live our lives.  Buy and sell to meet your housing objectives and while you are at it go enjoy the last few weeks of summer.

David Whitten, Real Estate Daddy