About Today's Market

The real estate professionals at Prudential Dinsmore Associates have a unique perspective on the current real estate market. Having been active in the southern New Hampshire real estate for thirty years, they’ve sold real estate in many different types of markets.

What is truly amazing is that so many homebuyers choose to purchase their property when the prices are the highest, when there is little inventory, and when the competition is fierce. You see, most people choose to buy a home when they think the time is right. You know, when all of the newspapers and television pundits say it’s a great time to buy. The fact is that when everyone else is rushing to jump into the real estate market is absolutely the worst time to buy. The best time to buy real estate is when everyone is fearful and unsure.

The real estate market in the early 1980’s is one such example. Mortgage interest rates were incredibly high and topped out at 18%. Prices on the other hand were very reasonable and the people who bought during this period gained all the appreciation that followed in the mid-1980s. The real estate market was even bleaker in the late 1980s through the early 1990’s. The five largest New Hampshire banks went bankrupt because of bad real estate loans and home prices dropped. This was a tremendous buying opportunity and the folks who bought then also reaped tremendous appreciation in the years following the slump.

Nobody can predict what the future holds but if the past is any indication, now just just might be an opportunity time for homebuyers. Asking prices have come down, there is a large selection of homes on the market and sellers are more willing to negotiate. You can take your time and find a home that meets your needs exactly. There is no need to rush into a decision because of fear of the competition. Financing is readily available, mortgage interest rates are still very affordable and there are a large variety of programs for first time buyers.

So the choice is yours, you can wait for the rush of home-buyers to return and feel really good about buying a home or you can buy soon, when there’s a little bit of fear in your gut but when prices and selection are at there best.

A real estate professional at Prudential Dinsmore Associates can provide you with the insight you need to make a wise choice in today’s market. Why not contact them today?