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Local Voices

More Good News For the Housing Market

More good news for the housing market! If you've spoken with any real estate agents this year I'm sure you've heard tales about a recovering housing market. I'm seeing it here in the Andover and North Andover real estate markets. 

But don't take my word for it. A recent report by RISMEdia notes that homeowners across the country are regaining lost home equity because of rising home values.

According to RISMedia, "homeowner equity jumped $406 billion, or 5.9 percent, to $7,275 billion in the second quarter of 2012." 

On a personal note, I recently listed a home for sale which received 12 offers within 36 hours!  We ultimately accepted an offer $48,000 above the asking price. 

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