[MEDIA=3] Sunny top floor sanctuary. Tile kit leads to private 10’ x 24’ 6” deck perfect for relaxing or entertaining. The ceramic tile bath has a jetted tub to soothe your cares away. You’ll keep your cool this summer – this condo has central air conditioning! The front bedroom features double closets. Need extra storage? [...]
Fannie Mae, one of the nations largest players in the secondary market (where mortgages are bought and sold) has just changed its mind about requiring an additional 5% down payment in areas that it considers to have “declining market values”. Of course, a declining market encompasses most of the United States. So, the good news [...]
At last night’s Sellers’ Seminar, one of the many points we talked about is the fact that the real estate market in Medford, Somerville, and Malden is not all “doom and gloom” as the media would have us think. Properly priced properties (say that 3 times fast!) are selling and selling quickly. Buyers are understanding [...]
Stay tuned because soon there will be new financing rules whether you’re looking to buy, refinance or sell. Yes, if you’re looking to sell and not buy again, these changes will effect you as well, since your buyer will need to qualify with the new rules. Who’s making these new rules you ask? Good question! [...]
A 1/2 hour podcast where we talk about the decrease in prices over the last year and compare it to the gain over the last 5 years and well as financing programs offered through Mass. Housing. You can listen below or click to
Join me on Tuesday, March 25th from 7 – 7:30 PM for a live 1/2 hour internet call in show. Historic Look at Prices Financing Options from Mass Housing Update on the Market Your Real Estate Questions Answered Live
Hi there, It’s time, once again, to update you on what’s happening in the local real estate market. One of the key factors I look at is absorption rates. Absorption rate is a way to look at the number of properties currently on the market and then using the number of recent sales, allows you [...]
One of my clients has a very smart cat. Ruby suggested that since she enjoys living in her current condo with her owner, that we should be looking for another cat (with their owner) to be the next ones to enjoy the great big windows in their condo. (If you have a cat and are [...]
So far I’ve been sharing the absorption rates for single family homes, but what happens when you look at a city on the whole? Below are the current absorption rates for the cities of Malden, Medford and Somerville. (Absorption rate is a way to look at the number of properties currently on the market and [...]
Let’s look objectively at what’s happening in the market from a buyer’s side. Prices have come off their record high, so you won’t be spending as much as you would have for a house if you had bought 2 years ago. Interest rates have also come down again. Today’s rates for a 30 year fixed [...]
