Alas, none of us were around in 1881 to live through the old record for snow fall, but having lived through this winter, I can’t even imagine what it was like to have that much snow back then. At least there were no paved roads, so they didn’t have the pothole problem!
With the exception of last night’s seemingly freaky weather (71 degrees on Monday morning, 3 inches of snow on Tuesday morning), the recent shift to warm weather has also brought out the buyers who went into hibernation mode this winter. And I can’t really blame them. Who wants to see houses in a constant state of blizzard? We’re happy to welcome the buyers back to the market, and we’d be even happier to see a few more sellers out there to accomodate demand. Listings in our area are at a record low, which has pushed up prices nicely and helped us to restore value lost during the recession.
We’ve got a very positive outlook for the year ahead, though some upward pressure on interest rates and tightened loan underwriting guidelines could restrict the market a bit.