May 25, 2009
There is wonderful, optimistic news on the Cape about an uptick in the market. I certainly see it in my business at every price point. The slowest segment, however, is that which congress had hoped to stimulate most: first time home buyers. However, few who live on the Cape, and work here, are able to take advantage of the tax credit. The Housing Assistance Corporation reports:
The yearly income needed to purchase a median-priced home on Cape Cod is
$105,0001 and yet the median yearly income for a four-person household is only
$66,8002 — a deficit of nearly $40,000.
In the last few years, the average home price has increased 97 percent, while wages
have increased only 19.8 percent.
Cape and Island residents overwhelmingly feel (91 percent) that the cost of housing
prevents young families from living in the community in which they grew up.
Approximately 41 percent of Cape and Island residents found that their monthly
housing payment made it difficult for them to make ends meet.
Some employers take advantage of housing programs as part of compensation packages, and this is smart. If you are an employer, and want to know how to participate in this valuable recruitment program, contac HAC.
If you are a renter and want to know just how much house you can get into with prices and interest rates down in combination with incentives, give me a call! You may be surprised that you can own a home this Summer!
May 13, 2009
As promised, I am continuing to give 2% of net commissions to Housing Assistance Corporation. What can you do?
May 13, 2009
In the past 7 days, 155 new listings Cape-wide, 55 sales. Five of these sales were 100% or more of the asking price. One was on the market one day, one over 1000. The majority sold for 85% to 93% of the last asking price. I am super busy, and the deals are here. It’s a great time to buy or sell! Why sell now? The buyers are here!
May 7, 2009
“NAR’s Green REsource Council helps create market leaders in the green industry.”
Dale Stinton, NAR EVP & CEO
Everything is “green” these days, usually as a gimmick. But my involvement with Cape Cod’s fragile enviroment and the relationship between how we build, buy and sell led me to obtain the Green Resource Council’s Green Realtor designation.
If you’re looking to buy a green home or building, use an NAR Green Designee as your resource throughout the buying process. NAR Green Designees work to serve you, not sell you. With extensive education on products, practices, and features of green buildings, an NAR Green Designee will find the property that’s right for you.
Buying a home is probably the biggest investment you will ever make, and often the most complex. If you’re looking to green your lifestyle, reduce your carbon footprint, or take advantage of the long-term savings green homes afford, an NAR Green Designee can help you:
-Identify green features, appliances, building methods and materials
-Understand green mortgage options
-Realize the benefits of an energy audit and work towards obtaining one
-See the short and long term value of green homes
-Eliminate toxins in your green home
-Improve air and water quality and reduce noise pollution
-Take advantage of government grants encouraging green homes
Buy your green home with confidence with an NAR Green Designee focused on residential properties. Get started today!