The numbers for this week’s market report for Dix Hills and Melville, Half Hollow Hills School District, remain about the same as last week. A handful of new listings, 2 houses entered under contract – and a couple of more closings than the week before round out the stats. Dix Hills, Melville, SD#5 Housing Market Report 3/15/09 to 3/21/09
Mortgage rates are at a record-low, housing prices are down and sales numbers are low – all the ingredients for buyers to jump off the sidelines and release some of that pent-up demand that has been building for the past year and a half. It will “perk-up” from the bottom – from 1st-time homebuyers entering the market and then allowing those sellers to move up. Mortgage financing is an important part of this equation. Hopefully, those funds will loosen up some shortly.