• Signs of the swing. Fewer offers faced competition in June
  • Five steps a seller can take to generate multiple offers
  • DIY projects could be tough this spring due to rising costs
  • Norfolk County Market Update for April 2021
  • What is an escalation clause? Here is a cliff notes version

Community Spotlight: North Attleboro

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. North Attleboro Active Single Family Listings: 25 2020 Median Sale Price: $442,500 Median Sale Price for December: $477,500 Closed Sales for 2020: 260 Pending Sales to Date:…

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

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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Community Spotlight: Norwood

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

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

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

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

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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