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With mortgage rates climbing above 3% for the first time in months, serious buyers are more motivated than ever to find a home before the end of the year. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), puts it best, saying: “Housing demand remains strong as buyers likely want to secure a home before mortgage rates increase even further …
Sellers Have Exceptional Leverage in Today’s Market Read More »
An important factor in today’s housing market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point we’ll see. Odeta Kushi, Deputy Chief Economist at First American, recently said of our supply challenges: “It looks like inventory may have hit a bottom (we’ve seen this …
Housing Supply Is Increasing. What Does That Mean for You? Read More »
As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021, but what does the forecast tell us about what’s on …
What Experts Predict is on the Horizon for the Second Half of the Year Read More »
Last month, in a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York noted that Americans believe buying a home is definitely or probably a better investment than buying stocks. Last week, a Gallup Poll reaffirmed those findings. In an article on the current real estate market, Gallup reports: “Gallup usually finds that Americans regard real estate as the best long-term investment …
Americans View Real Estate as a Better Investment Than Stocks or Gold Read More »
If you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the process. One of the best ways to jumpstart your savings is by starting with the help of your tax refund. Using data from the Internal Revenue Service (IRS), it’s estimated that Americans can expect an average …
How Your Tax Refund and Stimulus Savings Can Help You Become A Homeowner This Year Read More »
Buyer & Seller Perks in Today’s Housing Market Right now, the Massachusetts housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people …
Buyer & Seller Benefits in Today’s Housing Market Read More »
According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While stricter lending standards could be a challenge for some, many buyers may be …
The February 2021 edition of the Top Agent Magazine features our very own Broker and Owner, JoAnne Hamberg-Magurn. The premier real estate magazine features the best real estate agents across the United States, Europe, Canada, Australia, and New Zealand. JoAnne’s continued success landed her a front page spot on the cover on the magazine. As …
Top Agent Magazine Feature JoAnne Hamberg-Magurn Read More »
The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available for sale today. We’ve seen this trend throughout the bigger cities in the United States …
What A Historically-Low Housing Inventory Means for YOU Read More »
Step 1: Start Your Research Early Visit ree123.com and make note of particular homes you are interested in and see how long they have been on the market. Your realtor can help you note any changes in the asking price and answer any questions you have. This will give you a sense of the housing …