Posts Tagged ‘Report’
Massachusetts Real Estate: What’s Happening Today?
May 16th, 2019 by Michael Mahoney
Massachusetts Real Estate: What’s Happening Today?
The quarterly report on the entire State of Massachusetts for Q1 has been released.
The amount the sellers achieved against their asking prices was down slightly in all counties with the exception of Berkshire County.
Buyers You are Not Going Swindle Your Way In
I know some of my buyer clients will read into the report and be rubbing their hands together with a big greedy smile like a wolf eyeing a lap dog. Buyers – The sky is not falling. Prices are still up. It’s not the case in every town and it’s going to vary town by town.
If you are the Wolf of Wall Street type, there seems to be a few more foreclosures available lately. See some Boston area foreclosures here
Please make sure you are working with an experienced Realtor who has been in shifting and emerging markets. Hint hint…
Bad purchase decisions usually show up when exiting the property. If you don’t make a good purchase, you will pay when you sell.
Whatever you do, please don’t rely on Zestimates.
Our latest reports breaks down 3 Greater Boston counties zip code by zip code. If you own, rent or invest in real estate you will not want to miss this report. In this report, we cover Suffolk, Norfolk and Bristol County
If you want the entire state report, reach out to me.
www.RealtorMikeMahoney.com – Click here to get the full report
March 2019 Pending Sales
April 15th, 2019 by Michael Mahoney
March 2019 Pending Sales
2018 is Out the Window: Here’s the Recap
January 24th, 2019 by Michael Mahoney
2018 is Out the Window: Here’s the RecapThe Massachusetts Association of Realtors announced the year end closed sales data for 2018. The MAR released their year end closed data on January 23, 2019 for 2018. Here is a quick summary: Closed sales for both single-family homes and condominiums dropped year-over-year from last December. There was a small drop in median price for single-family homes and condominiums compared to this time last year and the month also saw the lowest number of single-family homes for sale in the month of December since MAR began reporting the data in 2004. Year-end data for 2018 shows that total closed sales have had a two percent decrease for both single-family homes and condominiums. The year also saw an increase in average median prices for both single-family homes and condominiums compared to 2017. Without an increase in inventory in 2019, closed sale decreases and median price increases are trends that will likely continue.
In the report, the MAR president said the following about mortgage interest rates.
In all of my previous blog posts, all indicators show that interest rates will remain low. The did spike up at the end of 2018 and were blamed for some of the sales. You can read the blog post titled “Existing-Home Sales Plunge 6.4%, Mortgage Rates Blamed” here Regarding rates and the market, Fannie Mae indicates that there will probably only be one interest rate increases in 2019. Here is the article titled “Fannie Mae: Housing market will stabilize in 2019”
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