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Massachusetts Home Buyer Guide

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Acton, MA Condo Prices and Sales Soar in July 2013

Sep 1, 2013 9:44:00 AM

The median price of a condo in Acton, Massachusetts increased nearly 19 percent in July to $264,000 from $222,000 in July 2012, according to data provided by The Warren Group

Through the first seven months of 2013, the median price of a condominium in Acton increased nearly 65 percent from $222,000 last January through July to $366,300 this year. 

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Topics: Real Estate Market, Community Information, Massachusetts Home Prices, The Warren Group, Massachusetts Relocation, Acton MA

NH Home Sales, Median Price Continued to Rise in July 2013

Aug 31, 2013 8:30:00 PM

Twenty months and counting.

New Hampshire marked its 20th consecutive month of year-over-year home sale increases in July, The Conway Daily Sun reported August 30, 2013.

New Hampshire homes sales increased 23 percent in July compared to July 2013, and the price of homes in the Granite State increased 11 percent in July compared to the previous year.  The New Hampshire Association of Realtors provided the data. 

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Topics: Real Estate Market, New Hampshire, New Hampshire Association of Realtors

Mortgage Interest Rates Up, U.S. Sales of New Construction Homes Down

Aug 31, 2013 10:28:00 AM

With average U.S. 30-year mortgage interest rates more than 1 percent higher than average rates in May, sales of new construction homes across the nation declined 13.4 percent in July 2013 compared to June 2013, Yahoo! Finance reported August 23, 2013.

Sales of newly built homes stood at a seasonally adjusted rate of 394,000 in July, according to U.S. Commerce Department data. July's sales numbers for new homes were the lowest in nine months, as sales fell from a rate of 455,000 in June. The June numbers were revised down from a previously reported 497,000 sales. 

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Topics: Real Estate Market, Mortgage Rates & News, New Construction

Rising Interest Rates Can't Slow Down Massachusetts Home Sales

Aug 30, 2013 12:30:00 PM

Depending on your perspective, Massachusetts home buyers continued to purchase homes in July despite, or because of, rising mortgage interest rates. Mortgage interest rates began to rise in May and currently are about 1 percent higher than three months ago. 

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Topics: Real Estate Market, Massachusetts Home Prices, The Warren Group

New Hampshire Home Buyers Also Facing Higher Home Prices

Aug 15, 2013 6:25:00 AM

Our neighbors to the north also are experiencing a real estate recovery. 

The New Hampshire Association of Realtors said that 1,587 single-family homes sold in June, the most sales since the September 2005 housing peak, the New Hampshire Union Leader reported July 31, 2013. 

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Topics: Real Estate Market, New Hampshire, New Hampshire Association of Realtors

Boston Renters See Higher Rents, Weigh First-time Home Buyer Options

Aug 13, 2013 4:43:00 PM

If the do-nothing landlord and the noisy neighbors weren't incentive enough, three straight years of rising rents in Boston have many renters weighing their first-time home buyer options.

For three straight years, rents in five of Boston’s student populated neighborhoods are rising while the vacancy rate has fallen below 2 percent, the Boston Business Journal reported July 19, 2013. Rental Beast, a Somerville-based real estate market tracker, compiled the data.

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Topics: Real Estate Market, Home-buying Tips, Boston

Higher Mortgage Interest Rates May Ease Credit For Home Buyers

Aug 5, 2013 8:34:00 PM

Higher mortgage interest rates over the past couple of months may have discouraged some home buyers from seeking a mortgage loan, but that doesn't mean lenders are just going to stand by make less money. 

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Topics: Mortgage Rates & News, Video

Massachusetts Foreclosures Continue to Rapidly Decline

Aug 2, 2013 5:45:00 PM

Only 254 foreclosure petitions in Massachusetts were recorded in June 2013, an 84 percent decrease from the 1,548 foreclosure petitions recorded in June 2012, The Warren Group, publisher of Banker & Tradesman, reported July 30, 2013. 

Foreclosure petitions are the first step in the foreclosure process in Massachusetts. From January through June this year, 2,943 petitions to foreclose have been filed statewide, a decline of almost 69 percent from 9,425 during the same period in 2012. The June petition numbers were the lowest since The Warren Group began tracking foreclosure data in 2006. 

An increase in home prices, lenders' willingness to modify home loans and a slightly improved economy have certainly rescued some homeowners from losing their home to foreclosure, and the decline of "shadow inventory" has played a role too. 

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Topics: Foreclosure News, The Warren Group

Gas Tax to Increase Demand For MA Homes Near Public Transportation

Aug 2, 2013 9:34:00 AM

Many Massachusetts home buyers already desire homes close to public transportation, but the Bay State's gas tax hike that went into effect July 31, 2013 may increase the popularity of such homes.  

According to a study released March 20, 2013 by the American Public Transportation Association (APTA) and the National Association of Realtors (NAR), Boston real estate values during the last recession performed 129 percent better on average if they were located near public transportation with high-frequency service.

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Topics: Home-buying Tips, Real Estate Misc., National Association of Realtors

Lexington, MA Home Sales Decline, Median Price Jumps June 2013

Jul 26, 2013 10:07:00 AM

The number of single-family homes sold in Lexington, Massachusetts in June 2013 declined 29 percent to 51 sales from 72 homes sold in June 2012, the Lexington Patch reported July 25, 2013, but home prices increased.  

Through the first six months of 2013 198 single-family homes sold in Lexington, down from 204 homes sold in the first half of 2012. The Warren Group, publisher of Banker & Tradesman, tracked the data.

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Topics: Real Estate Market, Community Information, The Warren Group, Massachusetts Relocation, Lexington MA

Massachusetts Home Buyers See Prices Up 12 Percent First Half 2013

Jul 25, 2013 10:19:00 AM

The median price of a single-family home in Massachusetts increased 12 percent during the first six months of the year compared to the same period in 2012, The Warren Group, publisher of Banker & Tradesman, reported July 23, 2013.

The median price of a single-family home during the first half of the year stood at $315,000, up from $281,000 during the first half of 2012. Home prices increased almost 9 percent in June to $350,000, up from $321,800 in June 2012. June marked the ninth consecutive month of year-over-year home price increases, and the highest median price since August 2007. Quarterly home prices increased more than 10 percent to $330,000, up from $299,700 during the second quarter 2012.

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Topics: Real Estate Market, Massachusetts Home Prices, The Warren Group

Boston Home Buyers Still Facing Lack of Real Estate Inventory

Jul 19, 2013 3:30:00 PM

The number of homes listed for sale across the U.S. increased by 4.3 percent in June to 1.9 million homes, the highest level in the last year, Realtor.com reported July 15, 2013. 

Nationally, the number of homes listed for sale stood 7.3 percent below year ago levels; however, the year-over-year decline stood at 18.6 percent in February 2013. June was the sixth straight month real estate inventories rose. 

Boston homeowners didn't get the memo.

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Topics: Real Estate Market, Massachusetts Home Prices, Real Estate Misc., Boston

   

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