It’s hard to believe that Christmas is only a few days away and that 2011 is right around the corner!  Looking back over the past year, I can say it’s been a good year overall.  There have been highs and lows, but I feel very thankful to be able to come to the end of the year with positive reflection and an excitement for the future!  The North of Boston area has been a great place to live with my family as well as a great place to work and connect in the Real Estate market!

While we can’t predict exactly what the housing market has in store for North of Boston Real Estate; we can expect things to improve in the New Year!   I’d like to take a few minutes to highlight some of the trends experts think we’re likely to see in the 2011 North of Boston Real Estate market.

1. Smaller Homes- Gone are the days where people are buying large homes for the sake of having a large home.  North of Boston buyers are more conscious of smart investing and don’t feel the pull to buy beyond what they need.  Many are also more aware of the environment and the additional costs related with heating and cooling a larger home.

2. Long term Goals- People are no longer just thinking of a house as an investment to turn around and sell to make money on; they’re beginning to think more long term.  Buyers are wanting to buy a “home” as a means to provide for needs of family and loved ones and are wanting to stay put for as long as possible.

3. Prices May Still Drop- With more foreclosures expected to come on the market in 2011, selling your North of Boston home means being willing to price competitively.  A report published by Standard & Poor’s notes that home prices may still drop another 7-10% throughout the coming year.

4. Mortgage Rates Remain Low- While mortgage rates may rise slightly; they are still expected to remain under 5% for 2011.  This is great news for those looking to buy North of Boston Real Estate- 2011 will be a great year to do so!

5.  Jobs Play a Major Role in Housing Recovery- The housing recovery for the next few years will rely heavily on the job market.  With unemployment rates still projected to remain above 9% for 2011, full recovery for the housing market is not expected until 2012.

While the national housing market is slowly moving forward with cautionary steps; we can be sure that it is improving!  2011 will still be a great time to buy as low home prices and mortgages rates will remain in effect.  The key is to think long term and buying within your means and only what you need.  If you have any questions about the North of Boston Real Estate market;  I’d be happy to talk with you!  

Happy Holidays!


Searching for a new place in Winchester to call home? The Sven Andersen Team makes it easy for you to search for your new Winchester home. This FREE, NO-OBLIGATION service can help you find the home of your dreams! Simply visit http://www.northofbostonlistings.com/ and fill out the form to start your auto-email home search today! It's just that easy! The Sven Andersen Team is always willing to help and will always respect your privacy; we leave it up to you to contact US when you're ready to buy or sell in the Winchester area.

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If you, friends, relatives, or colleagues are considering buying or selling a home, condo, or land, please consider contacting Sven for assistance in your search. Sven coverage area includes: Winchester, Belmont, Medford, Woburn, Lexington, Arlington, Melrose, Stoneham, and Reading.  We also offer a complimentary referral service, called "Anywhere Agents," to assist folks who are looking to buy or sell outside our coverage area, including international locations. We will interview prospective agents in the area(s) you or a family member are considering to assure you get the most knowledgeable Real Estate Professional to assist in your home buying/selling needs.