Newburyport is a beautiful seaside community full of cobblestone streets and architecture that predates America’s birth. The city, which was first settled in 1635, is one of the smallest cities in Massachusetts. Despite its size Newburyport is a central part of New England history and has a lot to offer its residents and homebuyers. It was once the center of maritime trade, shipbuilding and fishing and boasts connections to Paul Revere, William Lloyd Garrison and George Whitefield. Alongside a rich history, Newburyport offers its 17,000 residents a lively downtown of shops, restaurants and museums; a collection of relaxing parks, waterfront areas and wildlife reservations; and an active social schedule.
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Community Information,
Massachusetts Relocation,
Newburyport MA
Homebuyers that have less than a 20 percent down payment when purchasing a home might have to pay monthly private mortgage insurance, or PMI. It also is referred to as just mortgage insurance, or MI.
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Home-buying Tips,
Mortgages 101,
Video
A few months ago all the so-called mortgage experts and real estate pundits were convinced that interest rates for mortgage loans were going to start increasing in 2016, signaling the end of years of abnormally depressed borrowing costs. They predicted homebuyers were about to experience significantly increasing interest rates for the first time in years.
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Topics:
Mortgages 101,
Mortgage Rates & News
A real estate appraisal, sometimes referred to as a home appraisal, is an estimate of a property’s value. Property value is based on such factors as location, amenities, structural condition, square footage, number or bedrooms, number of bathrooms and recent sales of similar nearby properties.
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Home-buying Tips,
Mortgages 101,
Real Estate Misc.
Single-family home sales in Massachusetts increased more than 25 percent in January compared to January 2015, The Warren Group, publisher of Banker & Trademan, reported February 23, 2016.
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Topics:
Real Estate Market,
Massachusetts Home Prices,
Massachusetts Association of Realtors,
The Warren Group
A Closing Disclosure is a five-page form that provides the final details about the mortgage loan you have selected. It includes the loan terms, your projected monthly payments, and how much you will pay in fees and other costs to get your mortgage (closing costs).
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Topics:
Home-buying Tips,
Mortgages 101
The number of Massachusetts single-family home sales pending in January 2016 increased 39.7 percent to 3,914 compared to 2,802 pending sales in January 2015, according to data compiled by the Massachusetts Association of Realtors (MAR).
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Topics:
Real Estate Market,
Massachusetts Association of Realtors
Since the start of the foreclosure crisis about 10 years ago, the economy has improved, more people are working and home sales and prices have increased. So why did Massachusetts foreclosure activity jump in 2015?
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Topics:
Real Estate Market,
Foreclosure News,
The Warren Group
Mortgage interest rates are cooperating. Now Massachusetts homebuyers just need some more real estate inventory, so that they can take advantage of the lower cost of a home loan.
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Mortgage Rates & News
Massachusetts first-time homebuyers didn't let increasing home prices and a lack of inventory deter their participation in the real estate market. Massachusetts first-time home buyers made up 41 percent of the total home-buying population in 2015, an increase from 39 percent in 2014, according to the 2015 Massachusetts Profile of Home Buyers & Sellers.
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Real Estate Market,
Massachusetts Association of Realtors,
Real Estate Misc.,
National Association of Realtors
The median price of a South Boston condominium increased 12.1 percent to $560,000 in 2015, according to data compiled by the Greater Boston Association of Realtors. Condo inventory remained tight, but new condo listings doubled in December. The following infographic provides homebuyers with more details about the South Boston real estate market.
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Topics:
Real Estate Market,
Community Information,
Massachusetts Home Prices,
Boston,
South Boston
Average U.S. mortgage interest rates declined for the fifth straight week, Freddie Mac reported in its weekly mortgage market survey on February 4, 2016.
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Topics:
Mortgages 101,
Mortgage Rates & News
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