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Tuesday, December 7, 2010

Local Housing Market Described As Static With Buyers Holding The Upper Hand















With the economy just plodding along and Saint Johnners not as optimistic about the economy as they were last year, the housing market is described as static in the latest report from Remax.

Local realtor Gordon Breau tells CHSJ News it will likely remain that way for a few months yet but he expects activity to start taking off again by the middle of next year. He says housing in the Valley remains hot and an attractive location for young families.

Breau also warns potential buyers housing prices will not be going down because land is at a premium and regulations governing the building of new homes boost the overall cost.