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Massachusetts home sellers finally got some good news this week as Standard & Poors announced a nearly one percent rise in the seasonally adjusted S&P/Case-Shiller Home Price Index for Boston. The gain in the Index for May comes on the heels of declines over the past several months. MA home prices face tough going in [...]
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What may be looked back on years from now as the home-buying opportunity of a generation continues in Massachusetts real estate. MA home prices and home sale activity keep slipping in 2011, reflecting weak demand amid entrenched uncertainty about jobs and the national economy. This under-demand creates a great opening for home buyers to scoop [...]
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The inventory of homes for sale in Massachusetts swelled a whopping 21% in June compared to year-ago levels. The rise in MA housing inventory this year lends credence to the recently-announced consensus forecast for a possible decline in MA home prices for the rest of 2011. Home prices to rise in 2012? But the consensus [...]
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If you’ve been wondering when the Massachusetts real estate market will start rising, 2012 looks to be the year. That’s the consensus among 111 housing and economic experts surveyed recently by the financial and technology company Macromarkets. The survey calls for MA home prices to fall in 2011, followed by higher real estate prices in [...]
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The Massachusetts economy continues to add jobs, building on recently reported momentum. Experts predict that the number of MA jobs will regain pre-recessionary highs by 2013 as the economic resurgence intensives. Better days ahead for MA housing The improving jobs outlook should help boost local consumer confidence in coming months. This should create conditions that [...]
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You might have missed recent news reports detailing positive developments in the Massachusetts economy. This good news has been easy to miss because so much of the news media’s focus over the past few weeks has been on the royal wedding, the death of Osama Bin Laden and continued gloomy reports on the US housing [...]
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Greater Boston home prices took a tumble in the most recent release of the S&P/Case-Shiller Home Price Index. The decline in Boston home prices is encouraging news for those skeptical local home buyers who continue to sit on the fence this spring hoping for lower Boston home values ahead. 2 versions of the Case-Shiller Index [...]
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The FHA recently began implementing previously proposed changes to its guidelines governing government-insured mortgage financing for condominiums. Among these new FHA mandates is a requirement that condo associations carry large capital reserves. Many finance experts are predicting that most mortgage lenders will incorporate similar requirements into their own underwriting guidelines, making the new prerequisites almost [...]
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It would take 10 and a half months for all the single family homes currently for sale in Massachusetts to find buyers according to data maintained by MLSPIN, the largest MLS system in the Bay State. That’s a nearly 17% jump in housing inventory levels from last year at this time. 2010 housing inventory reduced [...]
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Warren Reynolds, Esq, GRI, e-PRO
Tel: 508.613.2889 | Contact
Century 21 Commonwealth
15 West Central Street
Franklin, MA 02038
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