Market data and conditions

Spring Market Might be Good for Buyers, says Wall Street Journal

How does a seller’s market end? A seller-favoring market exists when there is more demand for housing than supply. Since about 2012 or 2013, buyers found fewer properties for sale than they did during the recession (when foreclosures added to the number of houses and condos for sale.) Limited supply created the seller-favoring market we’ve

Data designed for marketing

Almost all of the data designed for marketing is, well, marketing. It is designed to give consumers a sense of urgency, so they will buy and sell. A former client wrote me: Hey Rona, Hope you are well. Do these numbers look accurate to you? -J. Are the numbers accurate? Yes. A licensed real estate agent

By | 2018-02-18T09:35:35+00:00 February 21st, 2018|Categories: Market data and conditions|

Seller’s market: Signs that it will end

We’ve been in a seller’s market – where there is more demand than supply – since spring of 2012. It takes a while to get perspective on a market that is changing. To figure out when price inflation began to pick up again, I looked back on my blogs. I found this one, from February

Credit score changes. Who loses?

You know that real estate bubble I keep saying is inflating? It just got a pump of air. I agree with Jim Morrison at Banker and Tradesman that easing credit restrictions is the wrong thing to do. It didn’t go well in 2006, and it won’t end well this time. What’s happened? Credit reporting has

Affordability, Summer 2017

Here’s the headline: Real estate prices just passed the line for affordability. This is news. When a market passes the point where average consumers can buy, the market is headed into a bubble. Yet RIS, the source of the info, does not conclude that the market is about to correct, yet. First, a definition: affordability

By | 2017-07-17T11:07:12+00:00 July 5th, 2017|Categories: Market data and conditions|Tags: , , |

Apartments for sale

It's starting. My phone is ringing because landlords are notifying their tenants of their plans to sell the apartment. Some will renovate, some will just sell. When a seller puts an occupied apartment on the market, it takes some diplomacy to make it work. Someone lives there, and it's for sale: Showing rented houses and

By | 2017-04-18T13:17:36+00:00 June 14th, 2017|Categories: Buying trends, Market data and conditions, thinking of selling?|Tags: , , |

Bidding wars and how they work

You are hearing the stories. I know.  “…there were ten offers on every property and everything sells for $50,000 above asking price.” “NO ONE is buying with a home inspection…” “If you don’t have cash, you can’t buy in (name the town here.” The stories are true, but they are not true. Some properties are

By | 2017-05-09T20:50:06+00:00 May 17th, 2017|Categories: Market data and conditions, Negotiating|Tags: , , , |

Can’t sell because you can’t buy?

The big issue in Boston area real estate is inventory. There are not enough houses for sale. We have a stalemate about inventory here. These are the factors: Empty-nesters are staying longer in their houses. This is a demographic and cultural shift. They are holding on to their houses, partly because of personal choices and

Higher interest rates

Do you know what it will cost you to borrow at a higher interest rate? If your rate changed from 3.5 percent to 3.75 percent, the cost would be an additional $14 per month, per $100,000 of principal. This increases slowly to $15 per month, per $100,000 when the interest rate changes from 4.5 to