Hi hoop! I have been practicing real estate in Malden, MA for over 20 years and during this time I have seen Malden's ups and downs. Currently, in Malden we are on an upward trend both in value and fewer days on the market. It is may professional opinion that value will continue to increase in the Malden real estate market.

GOOD LUCK!

Mark Warren

Depends on the market area!

Unfortunately there are some loans that people never should have gotten out there that may have been investments or flips that could still come unglued! However prices are at the lowest, interest rates can be in the low 5's to high 6's but these are still historical lows, the first time buyer program gives up to 8,000.00 to first timers "check out realtor.com for the full list"!

However prices are alredy adjusted base on the area and usually priced to sell. Mortgages are harder to get as under writers are making sure that the money used is not borrowed from an unfamiliar source!!!!!!

Based upon current inventory levels being stable, we have passed the bottom of the market and are on our way up again. Inventory has not been this low since BEFORE the peak of the market. Prices are starting to increase although the banks/appraisers don't want them to. Barring a glut of foreclosures hitting the market or a significant increase in interest rates, we've begun the long climb out of the pit.

I beleive that the market is stabilizing. That property values are at a base value that can only move up in the future. Interest rates have gone up alittle and fluxuate daily. Buying a home is a minnimum 5 yr investment. A buyer can not look at purchasing and selling next year to make a profit.

If you are looking to buy, now is the time, first time home buyer $8,000 credit is going to stop as of Nov 30th.
If you see something you like, put in an offer. There are bad properties out there that are not worth much and are money pits. My advice would be to get a Buyer's Agent and let them do the research and leg work for you. There is NO payment from you. The Buyer's Agent will split the commission with the listing agent.

Good Luck, if I can be of assistance, please feel free to contact me.