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As predicted January started off with the usual increase of activity only to be paralyzed by massive snowfalls that seemed to occur just before weekend appointments were being scheduled or unscheduled. If you cannot drive you cannot show. If you cannot show you cannot sell. The result of this is a build up of home inventories on the market as the snow does not slow down new listing activity. This is putting more pressure on prices as the laws of supply and demand take effect. It is truly a buyers market right now. The good news is hold on to you hat as pent up buying is definitely on the horizon as soon as we get a break from this weather. Housing starts for January 2010 were up 2.4%. Thats good and interest rates are holding at around 5%. 

 David Moss

Broker Meade Realty