Ross' lastest release

Market is Changing in 2008 but still moving forward!

Burlington, January 2, 2008 — " The resale housing market will slow in terms of volume of homes sold in 2008 versus 2007. This is directly related to the cyclical nature of the market which has undergone a sustained period of excellent growth keeping listings at a historical low.  The number of listings available will increase thus ending the sense of urgency buyers have had over the last 7 years.  This is a healthy return to a sustainable solid market.

Buyers will continue to experience solid investment opportunities as long as they stick to the time tested values of Location, Location, Location.  The fact remains, that homes built on lots with over 40 feet of frontage cannot be replaced today for the prices they are selling for. This is why the vast number of homes are not overvalued today. Careful consideration should be applied when considering homes with lots under 35 feet of frontatge. Many excellent opportunities exist in the market today!"

Luxury Homes:

"Homes over $800,000 today are yesterday's over $600,000 homes.  With the increase in equity most homeowners have experienced since 2000, the exclusiveness of luxury homes has moved into the $800,000 plus area.  Location and Lot Size are increasingly being in high demand for this group.  You should consider current value and the opportunity for equity gains via renovation in this category."