With so much negative press regarding the real estate market circulating around the credit crisis, downward economic pressure and political uncertainty, I might offer a different prospective in balancing clashing expectations even if they do not impact New Canaan in the same way.
We are all aware as to how New Canaan performed historically and why so many people feel it is a special, vibrant and important place to live and own a home. The quality of life that we experience in New Canaan is truly unique as well as our community commitment, school system and beautiful landscape and surroundings. It is important to remember that most people purchase a home because they have a life changing reason or a strong motivation that necessitates a move—not because they want to turn a quick profit. Finding the right home is a very personal experience made up of a mix of price range, space, bedrooms, views, neighborhood, architecture and a host of other personal factors. When the right house presents itself, something just clicks and we know it is the perfect place. It might be far better to act on it than to regret later that you lost the home of your dreams.
I am very confident about the viability of New Canaan’s real estate market. We are emerging from six years of unprecedented activity and growth during which a lot of families “traded up” thanks to record low interest rates and a significant baby boom. Many of these families are going to hold on to their homes, not because they changed their plans, they weren’t property flippers, but because they always intended to be in them for the foreseeable future. In the meantime, they will enjoy their homes and the community in which they live, watch their home equity grow while they raise their children and advance their careers, and live out their dreams in “The Next Station to Heaven”.
We are all aware as to how New Canaan performed historically and why so many people feel it is a special, vibrant and important place to live and own a home. The quality of life that we experience in New Canaan is truly unique as well as our community commitment, school system and beautiful landscape and surroundings. It is important to remember that most people purchase a home because they have a life changing reason or a strong motivation that necessitates a move—not because they want to turn a quick profit. Finding the right home is a very personal experience made up of a mix of price range, space, bedrooms, views, neighborhood, architecture and a host of other personal factors. When the right house presents itself, something just clicks and we know it is the perfect place. It might be far better to act on it than to regret later that you lost the home of your dreams.
I am very confident about the viability of New Canaan’s real estate market. We are emerging from six years of unprecedented activity and growth during which a lot of families “traded up” thanks to record low interest rates and a significant baby boom. Many of these families are going to hold on to their homes, not because they changed their plans, they weren’t property flippers, but because they always intended to be in them for the foreseeable future. In the meantime, they will enjoy their homes and the community in which they live, watch their home equity grow while they raise their children and advance their careers, and live out their dreams in “The Next Station to Heaven”.
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