ANOTHER POSITIVE SIGN
Bloomberg.com reports this morning that home equity levels made their biggest gain in 60 years with a gain of 7.3% in the first quarter. It was also reported that home equity levels have recovered to their 2008 values. Little by little home values are recovering.
That news made me think about the market conditions here in the Berkshires. In this office we have been seeing a choppy but steady increase in activity from sellers choosing to list their property as well as buyers who are showing a real commitment to buying.
I'm developing a better sense of what a recovery looks like and it's never really a straight trajectory. It's about people putting their toes back in the water, finding that it's tolerable and carving a path for others.
And, at the end of the day, isn't that really how things get better? Little by little, 2 steps forward/one step back?
Property market is the best market in this days and you are right that property prices are getting high and high level of top.
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