Buyers, act now …Crisis or a recession?
By Elizabeth Hanson The Callan Team By Elizabeth Hanson Independent Real Estate Group

508-864-1012 cell www.Mass-Homes.net

Which is it? The Chinese word for crisis is made up of two characters, one represents danger and the other represents opportunity. A recession is a period of time when we have to go without things our grandparents never heard of.

The more technical definition of recession is the stagnant or downward movement of the overall economy characterized by specific criteria such as dua ration (some say 9 months or longer), depth (a decline of 1.5% of the GNP lasting longer than six months), and diffusion (declining employment lasting more than six months in ¾ of all industries.) Most interesting to note is that the National Bureau of Economic research has never declared a recession as such until it was over ! So here is the good news: now that there is so much talk about "recession" on the news, it MUST mean that it is practically over!

The cause and effect of business cycle fascinate economists, especially the psychology behind how a cycle is created. Optimism and pessimism about the future are contagious and can, in fact, dictate the future. If you choose to side with the pressismists (get it?), gloom and doom abound. If you opt to side with the spin doctors, opportunity hides behind every dark cloud. So, do you want to be part of the problem, or part of the solution? Another Chinese proverb teaches "Be not afraid of going slowly, only of standing still."

Truly, buyers, you must act now! This is the best time to buy! In Shrewsbury, the total property market volume for April 2006-April 2007 was $189,975,382. Since last April until today, total property market volume is $207,233,157, up by more than $17 million! Three months ago, the median price for property in Shrewsbury was $325,000. Today the median price is

$335,450! One year ago, there were 362 properties on the market and today there are 312 (50 properties fewer, which creates more demand).

In Westborough, three months ago, the median price for property was $379,000. Today, it is $379,900. Not as dramatic as Shrewsbury's rise, but higher nonetheless. One year ago in Westborough, there were 192 listings on the market, and today there are only 141 properties (25% fewer properties from which to choose). Also in Westborough, the average days on market for property went from 184 days last month to 153 days on market this month … Take note, sellers! It appears that selling time is down by a month!

So, will you stand still, do nothing, and be part of the problem? Or are you willing to believe in yourself, your town, your country and live the American dream of owning a home?
Nike says it best
"JUST DO IT"!!!
By Elizabeth Hanson,
INDEPENDENT
REAL ESTATE GROUP
www.Mass-Homes.net,
Cell… 508-864-1012