Looking out my window certainly confirms that winter is here in New England and with the snow we normally see a slow down in the market. This is exactly what’s happening in the condo and multi family segments of the real estate market in Stoneham MA. Although 2 and 3 family homes are only a [...]
Let’s take a look at what’s been going on in the real estate market in the fair city of Winchester: Winchester’s housing inventory is primarily made up of single family homes. As you can see from the chart above, both the single family homes and condos in the city are still selling in an average [...]
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 [...]
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 [...]
A new rule from the FHA (Federal Housing Administration) is aimed to stop people who currently own a home from buying a new, less expensive home and then walking away from the more expensive house. This tactic is known as “buy and bail”. In order to put a stop to this activity, FHA (which can [...]
