The recent uptick in residential real estate sales reflects some of the predictions made by Jack Conway CEO Carol Bulman in a year-end speech to the Norfolk County Home Builders Association.
“We can feel a new customer confidence at our company,” she said. “Our January sales were up a surprising 25 percent over last year with February appearing to follow suit.”
Bulman said in her talk to the builder’s group at Benjamins in Taunton that, “As rough as the last few years have been for builders, I think we are about to see better days.”
The upturn at 34 Conway sales offices covers a large area of Eastern Massachusetts from Swampscott to Cape Cod. “The size of our sales area gives us a good vantage point to view the entire southeastern part of the state,” she said.
Builder Charles Magri of the Norfolk County Group agreed that homebuilders in his area have suffered from lack of sales dating back to 2006, which is almost six years ago.
Bulman cited an increase of customer confidence, historically low interest rates, lower priced homes and a new demand caused by higher rents as reasons for the upsurge.
“But one month does not make a boom-time,” she added. “We are watching our sales trends very closely and only hope that the good news continues.”