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[post_content] => All you real estate market fence-sitters take note! None other than Warren Buffett, the Oracle of Omaha, said today that now’s the time to buy that new home or investment property.
Buffett extolled the wisdom of buying at today’s attractive home prices during a live appearance on Squawk Box, CNBC’s morning news program.
If he had the time
Buffett said he'd be personally investing in a large number of homes right now if he had the free time and handyman skills.
Because prices and mortgage rates are so low, Buffett speculated that real estate investments may perform even better than stocks over the long run. And Buffet is really bullish on the stock market’s prospects as well!
Optimistic about America
Quoting from a report on the Buffett interview:
“Aside from the housing sector, Buffett says the U.S. economic recovery is healthy and won't be derailed by rising oil prices. He repeated what he's been saying throughout the recession, that it's always been a "terrible mistake" to be pessimistic on the U.S. over the long term.”
Please contact Warren to look at the opportunities available now on the MA real estate market!
Copyright ©2012 02038.com
[post_title] => Buy real estate now: Warren Buffet
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[post_content] => The S&P/Case-Shiller Home Price Index for Boston took a breather in September, 2009, the Index’s most recent reporting period. The September Index slipped 0.2%, settling at 155.62. This broke five consecutive months of strong gains in Greater Boston home prices in 2009.
MA home prices well above March lows
Despite September’s price lull, Metro-Boston single family home values remain a solid 6.7% higher than the 145.83 Index bottom seen last March, according to Standard and Poor’s.
Massachusetts home sale volume up
More upbeat news was published this week in a separate report issued by The Warren Group, a Massachusetts company with over 135 years experience in tracking the New England real estate market.
Sales of single family homes in Massachusetts soared 17.2% in October 2009 compared to October of last year, according to the report.
October marked the fourth consecutive month of rising Massachusetts home sales.
"The tax credit that's being offered to home buyers has certainly stimulated home sales. And while unemployment is still a concern, I think that people who have jobs are probably feeling a little bit more optimistic about the financial markets and the overall economy and they're more willing to go out and make big purchases like buying a home," said Timothy Warren Jr., CEO of The Warren Group.
Copyright ©2009 02038.com
[post_title] => Massachusetts (MA) home sales soar; slight pullback in Greater Boston home prices
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[post_content] => The Franklin, MA real estate market strengthened moderately in March 2009 after the sluggish performance turned in for February. The top selling prices of single family homes in Franklin for the month far surpassed February’s highest sales. Single family sale volume in Franklin for March also bested February’s levels.
It was very good to see the high end of Franklin, MA home sales break well over the $700,000 barrier in March 2009.
At $750,000 and $735,000, respectively, 7 Addison Ave. and 9 Cranberry Dr. were the 2nd and 3rd highest single family home sales to date in Franklin, MA for 2009.
Single family sale volume improved in March 2009 from February’s levels. But total single family sales was less than March 2008 figures
11 single family home sales for the entire month of March 2009 may not seem like much for a town the size of Franklin, MA. But Franklin’s March home sale tally was very welcome coming as it does on the on the heels of February’s extremely low real estate sale results.
At least the 20 pending home sales registered on the MLS for Franklin in March 2009 were close to the number of pendings for March the year before.
With mortgage interest rates remaining at or below historic lows, there are grounds for optimism as we head deeper into 2009!
Copyright ©2009 02038.com
[post_title] => High-Low Sales Report Mar 2009
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[post_content] => This is a report from the trenches of Franklin, MA real estate, a quick status snapshot of things as they were Sunday, March 8, 2009 in the Franklin market area.
Reality Check #1I went to a Sunday open house for a new listing in Franklin.
It was the first day of showings for a young colonial in a nice subdivision of similar homes. The asking price was attractively “to market”.
Turnout was staggering! I counted 7 cars parked out front of the home mid-way through the 2 hour open house.
Buyers were swarming all over the house and yard. Couples with children were coming and going. One buyer was writing an offer with his agent using the hood of his car as a table.
The outstanding success of this open house demonstrates that homes will attract a lot of buyer interest if they are priced properly. At least in the greater Route 495 region of Massachusetts surrounding Franklin, the buyers are out looking!
Reality Check # 2After the Franklin open house I drove south on Route 495 to show homes in Norton and Attleboro to a client of mine. On my way, I drove past Exit 15 on Route 495, the exit for the Wrentham Premium Outlets Mall.
Traffic was backed up on the off ramp almost to the right travel lane of the highway! There was a solid line of cars starting on the off ramp and extending all the way to the mall entrance (about ¾ mile).
Buyer attendance at the mall seemed as strong as if it was the last shopping weekend before Christmas!
The bumper to bumper traffic going to the mall on a warm Sunday in March would appear to indicate that the Massachusetts retail economy is resilient despite the weakness in the national economy.
I don’t know whether any of this indicates anything meaningful for the future performance of the Massachusetts real estate market in the region around Franklin. But prospective home buyers should take note that the local economy is displaying signs of some strength as we head into the spring 2009 home selling season.
Copyright ©2009 02038.com
[post_title] => Home Buyers Active, Shopping Mall Packed
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[post_content] => There was a total of only seven single family home sales in Franklin entered on the MLS during February 2009. This is an astonishingly low number for Franklin, MA!
At a paltry 7, February’s total single family sale volume represents a 46% decline from the average number of February home sales achieved over the past 6 years in Franklin. (Franklin has averaged 13 sales each February from 2003 and 2008).
Pending sales (single family homes under agreement but with transfers of title not yet completed) for February 2009 were also at their lowest levels in years in Franklin.
But look at the sale prices at low end of the Franklin market this past month. With the lowest sale price coming in at $277,000, home prices in Franklin remain pretty high!
I do not report on monthly median sale price figures for Franklin because the monthly sample of home sales generally is too variable to produce reliable statistics.
A look at the broader MA market paints a reliable picture of Massachusetts home prices as being down but not depressed.
As documented by the S&P/Case-Shiller Home Price Index Home for Boston, home prices in the metro Boston area are off over 16% from their peak reached back in 2005. But considering how high prices rose in Massachusetts between 2000 and 2005, the price decline to date has not made homes cheap by any means. Massachusetts homes are still expensive!
Home buyers in 2009 might want to take a perverse comfort in the relative resilience of Massachusetts home prices to date.
No one can see future events, so MA home prices may fall some more, especially if the national economy encounters new problems in 2009.
But the fact that Massachusetts property values have held up so well to date in the face of last year’s credit crisis and stock market collapse may indicate that they’ll bounce back smartly a few years from now once the troubled the national economy rights itself.
Click here to see homes currently for sale in Franklin, MA and surrounding communities!
Copyright ©2009 02038.com
[post_title] => High-Low Sales Report Feb 2009
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[post_content] => The Franklin, MA real estate market turned in a fairly stable performance in January 2009.
As you can see in the high-low sales report above, there were no great surprises in terms of selling prices.
The report covers single family home sales in Franklin, MA that went of record during the month of January 2009.
These sales represent deals that went together during the last few months of 2008, months which were heavily impacted by economic turmoil across the United States and deep worries about financial markets around the world.
For the lowest priced single family home sale for the month of January 2009 to be $200,000 speaks volumes about the relative stability of real estate in Franklin, MA. Home buyers continue to view Franklin, MA as a highly desirable community in which to live.
3 Richard Lane was a very modest bank-owned home and needed a lot of upgrading both inside and out.
And it was good to see the high end of Franklin home sales to show such relative strength in January. $890,000 is not shabby for the highest priced sale in town in the midst of an economic crisis!
No one knows what 2009 will bring for Massachusetts real estate, especially in such times of national economic uncertainty.
So we'll have to wait and see how the real estate market unfolds in the coming year. But the home sales that closed in the first month of 2009 are cautiously encouraging for all home owners in Franklin, MA.
Copyright ©2009 02038.com
[post_title] => High-Low Sales Report Jan 2009
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[post_content] => All you real estate market fence-sitters take note! None other than Warren Buffett, the Oracle of Omaha, said today that now’s the time to buy that new home or investment property.
Buffett extolled the wisdom of buying at today’s attractive home prices during a live appearance on Squawk Box, CNBC’s morning news program.
If he had the time
Buffett said he'd be personally investing in a large number of homes right now if he had the free time and handyman skills.
Because prices and mortgage rates are so low, Buffett speculated that real estate investments may perform even better than stocks over the long run. And Buffet is really bullish on the stock market’s prospects as well!
Optimistic about America
Quoting from a report on the Buffett interview:
“Aside from the housing sector, Buffett says the U.S. economic recovery is healthy and won't be derailed by rising oil prices. He repeated what he's been saying throughout the recession, that it's always been a "terrible mistake" to be pessimistic on the U.S. over the long term.”
Please contact Warren to look at the opportunities available now on the MA real estate market!
Copyright ©2012 02038.com
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by Warren Reynolds on February 27, 2012
All you real estate market fence-sitters take note! None other than Warren Buffett, the Oracle of Omaha, said today that now’s the time to buy that new home or investment property. Buffett extolled the wisdom of buying at today’s attractive home prices during a live appearance on Squawk Box, CNBC’s morning news program. If he [...]
Tagged as: Home Prices
{ 0 comments }
by Warren Reynolds on November 25, 2009
The S&P/Case-Shiller Home Price Index for Boston took a breather in September, 2009, the Index’s most recent reporting period. The September Index slipped 0.2%, settling at 155.62. This broke five consecutive months of strong gains in Greater Boston home prices in 2009. MA home prices well above March lows Despite September’s price lull, Metro-Boston single [...]
Tagged as: Franklin MA Home Sales, Home Prices, S&P Case Shiller Index
by Warren Reynolds on April 2, 2009
The Franklin, MA real estate market strengthened moderately in March 2009 after the sluggish performance turned in for February. The top selling prices of single family homes in Franklin for the month far surpassed February’s highest sales. Single family sale volume in Franklin for March also bested February’s levels. It was very good to see [...]
Tagged as: Home Prices, Home Sales
{ 0 comments }
by Warren Reynolds on March 9, 2009
This is a report from the trenches of Franklin, MA real estate, a quick status snapshot of things as they were Sunday, March 8, 2009 in the Franklin market area. Reality Check #1I went to a Sunday open house for a new listing in Franklin. It was the first day of showings for a [...]
Tagged as: Home Prices, Home Sales
{ 0 comments }
by Warren Reynolds on March 2, 2009
There was a total of only seven single family home sales in Franklin entered on the MLS during February 2009. This is an astonishingly low number for Franklin, MA! At a paltry 7, February’s total single family sale volume represents a 46% decline from the average number of February home sales achieved over the past [...]
Tagged as: Home Prices, Home Sales
{ 0 comments }
by Warren Reynolds on February 1, 2009
The Franklin, MA real estate market turned in a fairly stable performance in January 2009. As you can see in the high-low sales report above, there were no great surprises in terms of selling prices. The report covers single family home sales in Franklin, MA that went of record during the month of January 2009. These [...]
Tagged as: Home Prices, Home Sales
{ 0 comments }
Warren Reynolds, Esq, GRI, e-PRO
Tel: 508.613.2889 | Contact
Century 21 Commonwealth
9 Main Street
Franklin, MA 02038
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