Are we at the bottom of this cyclic market.

Some areas seem to have bottomed out. Investors are now buying again, but they seem to be bottom feeding, however this is taking the lower price inventory and causing a reaction with first time home buyers, reducing inventory and driving prices up. However, the medium price homes seem to be stagnent and slow moving as the medium price buyer has no incentive, such as a tax break to help along sales. It is a good time to buy if you can have the Buyer believe it. Mortgages are still at a fantastic rate and inventory is high, with many motivated Sellers willing to deal. High price homes are a great deal if you are in that side of the market. People need out and will make the deal,as they know when the move and buy,the shoe will be on the other foot, and they in turn will be able to buy right. contact me for more info on the market here in the North Shore Ma.