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Real estate market is in business for the holidays

Traditionally, December is thought of as something of a dead month in real estate. Once Thanksgiving hits, both buyers and sellers tend to back off in favor of celebrating the holidays.

Traditionally, December is thought of as something of a dead month in real estate. Once Thanksgiving hits, both buyers and sellers tend to back off in favor of celebrating the holidays.

But there’s nothing traditional about today’s housing market, and Boston realtors are reporting something of a buying frenzy to close the year.

“I’m so busy I can’t breathe. December has been very busy,” Wendy Rocca of Century 21 Commonwealth says with emphasis. “I have two young couples closing on their first homes and one couple buying up. I’m seeing a lot of first-time buyers jumping into the market because they can get what they want. There seems to be a pent-up demand.”

Rocca’s colleague Jim Zarkadas, also of Century 21 Commonwealth, agrees: “It is the best time to get the deals if you are a buyer,” he advises. “Interest rates are low and inventory is high.”

Locking into a low interest rate of around five percent is one very attractive factor triggering the market activity. “Some people are worried the interest rates might go up soon,” says Rocca.

 
 
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