As summer begins, the trees have budded and it definitely feels like a time of renewal. A time of growth for the trees and for the real estate market too. In our travels, all of us are asked the timeless question, "How is the real estate market?". For some, they expect an answer filled with despair and angst. However, as you can see from these charts, we are seeing more hopeful signs of market stabilization. While the "First Time Home Buyer and Move Up Home Buyer" tax credits have expired, the market continues to improve over last year. In terms of county statistics, Caledonia, Grafton and Coos counties have all seen improvements in the average selling price year over year, as well as the number of homes sold. Essex still has numbers similar to last year, but they have had more homes sold, which is encouraging. As we look at the towns in our service area, these totals show much improvement over the same time the year before with 44% more homes sold, average selling price up 43.5% and days on market just up slightly. We also have seen an increase in our luxury market with four homes sold over 1 million dollars recently, and several more under contract. What does the future hold? The feds have held interest notes down much longer than anticipated. Most industry experts are now saying rates will start to rise in the fourth quarter. For now with rates still historically low, attractive prices for home buyers, and affordability indexes favorable, buyers will continue to purchase homes and land in Central and Northern New Hampshire and the Green Mountains of Vermont. With our low crime rates, quality of life opportunities, this truly is a great area to live in, and we know more people will continue to pursue their dreams of living here.