Thursday, March 21, 2013

A new housing boom?

The New York Times reports today that housing demand in the US is greater than it has been in years, causing rapid escalation of prices in some areas. I've heard some in the Greater Lowell broker community speak with similar optimism, but we're just not seeing it here at the registry of deeds. Perhaps because recordings here are a "trailing indicator" meaning that the fact of a home sale becomes clear to many long before the closing actually takes place - which is also when we first see a deed being recorded. It would be terrific for all concerned if the sales market picks up as the weather improves. We'll keep reporting the statistics, one way or another.

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