Just in time for Thanksgiving, Fannie and Freddie Mac have announced a temporary suspension to home foreclosures scheduled to take place November 26th until January 9th 2009. Not all homes made the list, though. In order to qualify for the
The city of Melrose is a wonderful bedroom community with both the Oak Grove MBTA stop and commuter rail options for car-free commuting. Here’s the latest on what’s happening in the market. (The sold statistics are for the last 6 months.) What this information shows us is that the single family market is doing well, [...]
Somerville is a wonderful city where each square has its own feel. Although no city in my market area has been totally immune to the effects of this market, Somerville is remaining an active market. As you can see from the chart above, absorption rates are quite low for the city. Only the multi family [...]
JP Morgan Chase and Bank of America have recently both pledged more money to expand their programs to help homeowners that are behind on their mortgage payments. Both banks are looking to help approximately 400,000 homeowners by modifying their loans. Some of the options include reducing the interest rate or changing the terms of the [...]
All you hear from the media is bad news on the real estate front, but as I continue to write in this blog, the real estate market here around Medford, MA isn’t as bad as they say. Most of the properties I’ve had on the market this year have sold in 3 months or less. [...]
What’s happening in the real estate market in Arlington, MA? Since most people are looking to buy or sell either a single family, a condo or a multi family home, I’ve separated out what’s happening in each of these markets. These numbers tell us that the market in Arlington is very healthy. How do I [...]
As the leaves are falling from the trees, it’s time for another update on what’s happening in the real estate market here in Medford, MA. Since most people are looking to buy or sell either a single family, a condo or a multi family home, I’ve separated out what’s happening in each of these markets. [...]
You’re probably thinking, “What’s the big deal about selling a home during Halloween – it’s not a major holiday”. That’s a very good point, but I’m starting to notice a trend that can affect your chance of selling if your house is on the market right now. More and more people are decorating their houses [...]
Massachusetts has a law that before a house can sell, the town’s fire department must come in and inspect that the smoke and carbon monoxide detectors are in the right place and are working. The majority of the houses I see either have smoke detectors in the wrong spot or the batteries no longer work. [...]
I know that my title is a tongue twister, but that alliteration is true for first time buyer houses in and around Medford, MA. Although the #1 saying in real estate is still “Location, Location, Location” it has met its match with the new saying “Price, Price, Price”. As a seller, it can sometimes be [...]
