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Massachusetts Home Buyer Guide

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Mortgage Rates Increase; Home Buyers Getting Used to Higher Rates

Dec 22, 2024 12:21:11 PM

The average interest rate of a U.S. mortgage loan rose for the week ending December 19, 2024, after declining for three consecutive weeks, according to Freddie Mac's weekly Primary Mortgage Market Survey.

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Topics: Real Estate Market, Mortgage Rates & News

Mortgage Interest Rates Decline for Second Consecutive Week

Dec 8, 2024 9:15:31 AM

The average rate for a U.S. 30-year, fixed-rate mortgage loan decreased for the second time in as many weeks, according to Freddie Mac's weekly Primary Mortgage Market Survey.

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Topics: Massachusetts Home Prices, Mortgage Rates & News

Is Home Price Growth in Greater Boston Moderating?

Dec 5, 2024 2:06:44 PM

Greater Boston home price growth slowed over the past two months, and there was more inventory in October 2024 than the year before, according to data compiled by the Greater Boston Association of Realtors (GBAR).

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Topics: Real Estate Market, Massachusetts Home Prices, Greater Boston Association of Realtors

Burlington, MA v. Bedford, MA: September 2024 Real Estate Trends

Nov 6, 2024 12:33:06 PM

In September 2024, the real estate markets in Burlington, Massachusetts, and Bedford, Massachusetts, showed notable shifts compared to the same month last year. 

Single-family home sales declined in Burlington and grew in Bedford. In September, Burlington had no condominium sales, and Bedford condo sales plummeted 67 percent. 

From January through September, single-family home sales remained relatively stable year over year, while condominium sales softened, especially in Burlington. 

The following data from the Massachusetts Association of Realtors provides more details. 

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Topics: Real Estate Market, Community Information, Massachusetts Home Prices, Massachusetts Association of Realtors, Burlington MA, Bedford MA

Peabody, MA v. Danvers, MA September 2024 Real Estate Trends

Oct 31, 2024 6:20:10 PM

If you're considering buying a home in Danvers, Massachusetts, or Peabody, Massachusetts, the latest market trends offer helpful insights.

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Topics: Real Estate Market, Community Information, Massachusetts Home Prices, Massachusetts Association of Realtors, Peabody MA, Danvers MA

Mortgage Interest Rates Rise Again

Oct 25, 2024 7:34:29 PM

The 30-year, fixed-rate mortgage loan has risen for four consecutive weeks after reaching its lowest level in two years about four weeks ago, according to Freddie Mac's Primary Mortgage Market Survey.

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Topics: Mortgage Rates & News

Understanding Buyer Agency Agreements: A Guide for Homebuyers

Oct 12, 2024 7:54:01 AM

If you're embarking on your home-buying journey and want a buyer agent to help navigate the process, you must sign a written buyer agency agreement.

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Topics: Home-buying Tips, Real Estate Misc.

Greater Boston Home Prices, Inventory Up in August 2024

Sep 27, 2024 5:27:11 PM

Greater Boston home buyers faced higher prices despite more inventory in August, the Greater Boston Association of Realtors reported.

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Topics: Real Estate Market, Condominium, Massachusetts Home Prices, Mortgage Rates & News, Greater Boston Association of Realtors

What Does the NAR Settlement Mean for Boston Area Home Buyers?

Sep 20, 2024 11:41:44 AM

Journalists and others have written many articles about the settlement between the National Association of Realtors (NAR) and plaintiff attorneys regarding commissions.

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

Why First-time Homebuyers Should Consider Rehab Loans

Sep 4, 2024 9:26:19 PM

A rehabilitation loan allows home buyers to purchase a home that may need repairs or renovations and bundle the costs of those improvements into their mortgage.

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Topics: Home-buying Tips, Mortgages 101, Loan Programs, Real Estate Misc.

Expect More ADUs Near You

Aug 19, 2024 10:39:44 AM

Massachusetts homeowners and prospective home buyers should expect to see thousands more accessory dwelling units (ADUs) in neighborhoods throughout the state in the coming years after the signing of a new law.

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Topics: Home-buying Tips, Community Information, Real Estate Misc., Real Estate Law, Homeowner Tips

Massachusetts Homebuyers Should Know About Accessory Dwelling Units

Aug 16, 2024 10:06:01 AM

An accessory dwelling unit (ADU) is not a new concept.  ADUs have been around in some form in the United States for nearly as long as housing. 

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Topics: Home-buying Tips, Real Estate Misc., Real Estate Law, Homeowner Tips

   

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