Zillow Advice: Buying Process - What will the market/prices/interest rates look like in Salem, MA for a 2bd condo in 3-5 years? http://www.zillow.com/advice-thread/What-will-the-market-prices-interest-rates-look-like-in-Salem-MA-for-a-2bd-condo-in-3-5-years/498128/ Zillow Advice | Zillow Real Estate May 2013 Zillow Real Estate ... http://www.zillow.com/advice-thread/What-will-the-market-prices-interest-rates-look-like-in-Salem-MA-for-a-2bd-condo-in-3-5-years/498128/ May 2013 Zillow Real Estate Research has projected a forecast of&nbsp;~0.5% Year over Year&nbsp;appreciation&nbsp;in the Peabody area. Of course, the location, condition, features and amenities are very important also as an investment. Planning ahead for the future may include children and your needs may change over time. I would suggest comparing the cost of renting versus owning through this link:<br/><br/><a href="http://www.nytimes.com/interactive/business/buy-rent-calculator.html?_r=0" rel="nofollow">http://www.nytimes.com/interactive/business/buy-rent-calculator.html?_r=0</a><br/><br/>Please remember that the prevailing mortgage interest rates, annual property tax, credit requirements, down payment requirements, MI or mortgage insurance, etc&nbsp;are also factors to evaluate for your situation. The government is constantly changing the rules recently...Getting a pre-Qual or pre- Approval from your favorite loan officer is highly recommended as your first step...to determine your buying power and what is available at that price range...<br/><br/>I would be happy to discuss more and provide listing alerts&nbsp;if you contact me!<br/><br/>I appreciate your reviews and recommendations too!<br/><br/>Best,<br/>Sandy Johnson, ABR, SRES<br/>www.RESANDY.co Fri, 21 Jun 2013 03:51:00 GMT http://www.zillow.com/advice-thread/What-will-the-market-prices-interest-rates-look-like-in-Salem-MA-for-a-2bd-condo-in-3-5-years/498128/ 2013-06-21T03:51:00Z Hi Drew...Hard to predict ... http://www.zillow.com/advice-thread/What-will-the-market-prices-interest-rates-look-like-in-Salem-MA-for-a-2bd-condo-in-3-5-years/498128/ Hi Drew...Hard to predict the future but I know how important growing equity is to first time buyers and home owners in general.&nbsp; One of the top economists have predicted that property value on the North Shore will increase up to .5 to 1 percent per year for the next 5 years, pending any natural or economic disasters.&nbsp; The most important thing you need to consider is the strength and history of a condo association.&nbsp; I agree there are some great units available in Salem, MA right now!&nbsp; Keep in mind, LOCATION, LOCATION, LOCATION...it has never been more important as we all hope to see our equity return in our real estate investments! In Salem, proximity to the train, college and entertainment/dining seem to be important factors. ON-SITE PARKING is really important!&nbsp; Best Wishes with your search!&nbsp; Andrea D'Amato, Full Time Realtor Thu, 20 Jun 2013 18:55:00 GMT http://www.zillow.com/advice-thread/What-will-the-market-prices-interest-rates-look-like-in-Salem-MA-for-a-2bd-condo-in-3-5-years/498128/ 2013-06-20T18:55:00Z