How well do exclusive buyer’s agents do, in the face of a tough seller’s market? We are pleased for our clients who have bought so far this year (January-September 30.) Our report card for the first three quarters of 2015: No clients waived their home inspections in order to buy a house. No clients waived
When is the best time of year to buy a home? RealtyTrac took a big data approach to this question, analyzing 32 million single family home and condo sales over the past 15 years. They compared average sale prices to average estimated market value at the time of sale to determine whether buyers paid a
Big changes in mortgage lending paperwork go into effect October 1, 2015. I began taking classes about these changes last February. The lenders and closing attorneys wanted the agents and brokers to have lots of time to prepare to panic. That way, the agents and brokers could share that panic with their clients. At 4
Looking back, in March 2013, Somerville was discussing a hotel in Davis Square, waiting for the Orange line stop at Assembly Row, and the Green line and the bike path extensions. Since then: Davis Square hotel = no Orange line stop at Assembly row = yes Green line extension = hell no! Cedar-to-Lowell Street Community
My notes on the May 2015 U.S. Home & Foreclosure Sales Report from RealtyTrac® The cash buyers are going away. 24.6 percent of all single family home and condo sales in May were all-cash purchases, down from 28.5 percent in the previous month and down from 30.4 percent a year ago to the lowest level
My fellow Realtors® have been selling the wonderful changes to Somerville and Medford that will come on the heels of the Green Line extension. Local real estate prices have risen on the expectation of increased transportation. I have been cynical about the project, expecting starts and stops. My advice has long been that if you
I look forward to two nights and three days on the Cape –mid-week – every July. I get time off in the winter, so these summer days off are rare and special. This year, I had a lousy time. When I deconstruct what bothered me most, it made me a better buyer’s agent. I meet
Any reader of real estate data must pay attention to sleight-of-hand tricks caused by changes in topic from real estate volume (the number of sales) and real estate prices. Any buyer should stop reading whenever they see fear-mongering statements that predict that buying will become impossible if you don’t buy right now. (see blue text
When the spring market came, it came! The snows in February slowed the beginning, then, wow. Because demand remains high, we are seeing more competitive bid situations (bidding wars) than we did in 2014. We are pleased for our clients who have bought so far this year. Our report card, first half of 2015: All
This article is designed to make you crazy, buyers. Prices are up. We all know that. But, by how much? Funny, they don’t tell you anything relevant to your search. There is no chart of local information. Just a couple of paragraphs about why the housing bulls are dancing the gig. When you see an