According to the National Association of Realtors, pending home sales surged recently as buyers took advantage of affordable home prices and lower interest rates. The Pending Home Sales Index 1, a well respected indicator based on contracts signed during a certain period of time, jumped 7.4 percent in August to 93.4. The index showed the [...]
The rollercoaster in the financial markets has Boston home buyers questioning their decisions. Can they afford the home they want if they lose their jobs? Is the real estate market a safer bet than the stock market right now? Will Boston real estate prices fall or is this what they experts mean when they say [...]
According to The Boston Globe, Gov. Deval Patrick is preparing to cut state spending by hundreds of millions of dollars beginning this week as the state faces plummeting revenues. The first round of cuts will mostly affect the executive branch agencies, including the offices of health and human services, education, transportation, environment and public safety. [...]
This magnificent single family home in the South End features impeccable attention to detail. With 4 bedrooms, 3.5 baths and 3,565 square feet, this home is perfect for the buyer looking for a spacious abode. The floor-through master suite features custom walk-in closets and a spa-like bath with radiant heat floors. You will appreciate the expansive [...]
Though the full effect of the the U.S. Government’s new $700 billion bail-out bill are yet to be seen in the Boston real estate market, we can pretty much be sure of one thing…inflation. As I see it, the government can either raise taxes (unlikely in this election year), or simply print more greenbacks to fund [...]
Roughly one in six U.S. households that own the home they live in owe more on the mortgage than the home is worth, according to new data from Moody’s Economy.com. The Wall Street Journal reports that 16 percent of U.S. households are “under water” on their mortgages, compared to 6 percent in 2007 and 4 [...]
This is a great deal! 1500 Square Feet Boston Foreclosure in the heart of Beacon Hill. 3 bedrooms, 2 full bathrooms, nice deck and 3 Fireplaces. Offered at $781,900 (bought by the owner 2 years ago for $1.2M and by the bank at $1.050M) It needs TLC but over-all great value. Here are some photos: [...]
NAR’s latest pending home sales index, which is based on contracts signed in August, rose 7.4 percent from July, reaching its highest level since June 2007. The index is 8.8 percent higher than a year ago. The August index rose month-over-month in all four regions: 18.4 percent in the West; 3.6 percent in the Midwest; [...]
The Emergency Economic Stabilization Act of 2008 signed into law by President Bush late last week involves more than the federal government’s $700 billion bailout of the financial industry. The new law, as explained in this valuable overview by CNNMoney.com, also includes several tax break extensions and a few new provisions to help individuals and [...]
Agents who find themselves struggling to find homebuyers for their listings are not alone. A new survey by real estate listing service Trulia finds that 70 percent of non-homeowners surveyed say they have no intentions of buying. Among those age 18-34, 44 percent say the reason they don’t own a home is because of cost, [...]
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