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…
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…
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…
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…
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….
It is funny how conditioned people are in the northeast when it comes to the seasons. I recently spoke to a couple who was thinking of buying a home but said they are holding off until the spring. When I asked them why? They said it’s the fall. There are no houses on the market. I did a double take and proceeded to tell them that the fall is a…
The cost of renting an apartment is on the rise in Massachusetts. Massachusetts is currently fifth in the nation in rent cost. That is out of 56 states and territories. As of 2018, the average Fair Market Rent for a 2-bedroom home in Massachusetts was $1,352 per month. The average for a 3 bedroom was $1,707 dollars. A four bedroom would cost you on average $1,893 per month. 2 and…
When it comes to hiring the right real estate agent, people tend to focus on how much business an agent has done previously and if they specialize in a specific area. This is especially true of people who are looking for a listing agent. While it makes sense to want to work with an agent who has a track record of success and knows an area, it is also important…
In this era of COVID-19, buying a home has become more difficult. Lenders and banks alike have altered their requirements in an effort to protect themselves. With so many people either furloughed or unemployed, it makes sense from their standpoint. Whether you are buying your first house or your next house, your credit score could be the difference between buying and not buying a home right now. Buyers are focused…
If you are thinking about buying your first home or selling your home, do it. Despite the uncertainty of COVID 19 and the limitations we face, the real estate market is still strong. The spring market is usually the “busy season” in real estate. The spring market has been extended however because of COVID 19 and it could even extend into the fall. Inventory is still low, which is an…