Would-be sellers should take careful note of factors that could influence the market and shift consumer sentiment. To begin with, there has been a scarcity of new construction in many areas, which stands in stark contrast to the new-home glut of just a few years ago. When buyers resume purchasing homes, they are likely to encounter a shortage of inventory that can only boost prices. What will lead buyers back into the market? For that answer, sellers should compare the cost of renting with the cost of owning a home in their area. As the cost of renting exceeds the cost of purchasing, renters will find that it is to their financial advantage to own their own homes. 

CENTURY 21 SEXTON & DONOHUE is pleased to present you with interesting and informative real estate topics. We have a successful track record of assisting sellers and buyers in your community. To learn how we can help you to achieve your real estate goals, reach us today at (781) 665-6660. The office is conveniently located at 29 Essex St., just across the street from Shaw’s. We are "A Team Effort�. You will benefit from our real estate experience!

HINT: According to a recent study, homeowners now pay just 9.8% of their income in after-tax mortgage, tax, and insurance payments compared with 17.2% in 2007.