Inventory hits an all time low in December as buyer demand increases

January 19, 2021

Inventory hit an all time low nationally in December according to realtor.com. For the first time since housing records have been kept, there were less than 700,000 homes on the market nationally last month. Conversely, the numbers of buyers out there remains high despite the lack of inventory and high home prices. It is a frustrating time for buyers but I wouldn’t worry if I was in the market in…

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6 New Years Resolutions for Buyers

December 31, 2020

New Years Eve is upon us. It’s out with 2020 and in with 2021. If you have thought about buying but have decided to hold off, this could be the year you finally take the plunge and buy your dream home. In order for you to buy that dream home, you need to commit to the process. So, with that said. Make six resolutions that you will stick to when…

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Community Spotlight: Norwood

December 24, 2020

Each week we will highlight a community in Massachusetts and Rhode Island. We will tell you how many home are currently on the market, median price for the month and the year and we will give you some additional facts about the community. Norwood Active Single Family Listings: 11 2020 Median Sale Price: $550,000 Median Sale Price for November: $547,500 Closed Sales for 2020: 184 Pending Sales to Date: 201…

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Will interest rates go up in 2021? That depends on who you ask

December 24, 2020

Image courtesy of Getty Images. Will interest rates go up in 2021? That’s the $64,000 dollar question. It depends on who ask. Typically rates do experience an uptick after a presidential election but I wouldn’t expect a dramatic rise in the new year. According to Fannie Mae, rates for the 30-year fixed loan will remain at 2.8% through 2021 and only rise to 2.9% for 2022. That is great news…

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It was a record year for VA Loans. Here is how a VA loan works

December 19, 2020

According to the Bureau Of Veteran Affairs, more VA loans were processed in 2020 than any other year. The number of mortgages that were backed by the VA doubled from 2019 to 2020 with more veterans entering the market as buyers. Thanks largely to low interest rates and a no money down requirement with VA loans, veterans are buying homes at an unprecedented rate. Especially millennial veterans who are first…

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Community Spotlight: Dedham

December 14, 2020

Each week we will highlight a community in Massachusetts and Rhode Island. We will tell you how many home are currently on the market, median price for the month and the year and we will give you some additional facts about the community. Dedham Active Single Family Listings: 18 2020 Median Sale Price: $588,500 Median Sale Price for November: $570,000 Closed Sales for 2020: 253 Pending Sales to Date: 281…

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For first time homebuyers, westward expansion could be their path to buying a new home

December 13, 2020

Uxbridge, Massachusetts The real estate market is still strong despite COVID 19 and limited inventory. Pending home sales are up 20% from last year nationally. Mortgage applications are up 27%. Most people in Massachusetts, especially millennials want to live in or near the city. Unfortunately, many of them cannot afford to live near the city because of surging home prices and low inventory. They are being priced out. It was…

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Winter may be your last chance to capitalize on historically low rates

December 9, 2020

Most people think that the real estate market slows down this time of year and it does to a certain extent. However as I tell potential buyer clients, now is the right time of year for people looking for a home to buy. I know you have heard me say this before, but interest rates are at an all time low and they are probably not going to stay this…

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5 Reasons Why Selling Your Home In The Winter Makes Sense

December 9, 2020

People who are looking to sell their home scoff at the notion of selling their home in the winter. Between the holidays and the weather, people always seem to put off listing their home in the winter. The belief is, the spring time is the ideal time to sell your home. While there might be some truth to that, there are benefits to selling your home between the months of…

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Breaking down the Biden First Time Homebuyer Tax Credit

November 21, 2020

President Elect Joe Biden has unveiled an ambitious plan designed to help first time home buyers get into their first home. Before we breakdown Biden’s first time homebuyer tax credit, check out his website for his vision for the real estate industry. It can be found on his website. The proposal is part of a $640 million dollar housing plan that Biden plans to usher in once he becomes president….

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