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Massachusetts Home Buyer Guide

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Why the Spike in Massachusetts Foreclosure Activity in 2015?

Feb 14, 2016 1:43:33 PM

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 Decline 6th Straight Week

Feb 13, 2016 10:51:12 AM

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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Topics: Mortgage Rates & News

Rising Prices Didn't Stop Massachusetts First-time Homebuyers in 2015

Feb 10, 2016 6:52:55 AM

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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Topics: Real Estate Market, Massachusetts Association of Realtors, Real Estate Misc., National Association of Realtors

South Boston Median Condo Price Increases Double Digits in 2015

Feb 8, 2016 6:30:00 AM

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

Mortgage Interest Rates Decline Again

Feb 6, 2016 6:00:00 AM

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

Condo Prices Up, Inventory Scarce in Boston's South End

Feb 5, 2016 8:00:00 AM

Boston's South End neighborhood is a hot real estate market, with rising condominium prices and scarce inventory. The median condo price and number of units sold increased in December 2015, as well as the during the full year. The following infographic provides some additional details for potential homebuyers

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Topics: Real Estate Market, Community Information, Massachusetts Home Prices, Boston, South End MA

Slow Start, But Double-digit 2015 Home Sales Growth in Massachusetts

Feb 4, 2016 9:02:23 AM

Last year's epic string of winter storms slowed the start of the traditional Spring home-buying season, but Massachusetts homebuyers made up for lost time once the snow melted.

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

Salem, MA Real Estate and Community Guide

Feb 1, 2016 9:30:00 AM

Salem, Massachusetts is much more than the location of the infamous Witch Trials.

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Topics: Community Information, Massachusetts Relocation, Salem MA

Homebuyers Shouldn't Confuse the Note and Mortgage at Closing

Jan 23, 2016 7:30:00 PM

After the lender's real estate attorney, also known as the closing attorney, explains at closing to the homebuyer that by signing the "note" he or she is promising to pay the loan amount back, homebuyers are sometimes surprised when the attorney then presents the mortgage document to be signed.

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Topics: Home-buying Tips, Mortgages 101

Breaking News: Mortgage Interest Rates Decline Again

Jan 22, 2016 5:39:26 PM

If you follow the stock market you know it has been a wild ride this week and for most of the new year.

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Topics: Mortgage Rates & News

Massachusetts Real Estate Taxes Rise an Average 4 Percent in 2016

Jan 22, 2016 7:30:00 AM

Massachusetts homebuyers will not just be paying more for houses and interest on home loans in 2016. They'll be paying about 4 percent more for property taxes, according to an analysis by The Boston Globe of 328 of the state's 351 communities for which comparable data were available.  

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Topics: Real Estate Market, Home-buying Tips, Community Information

The Loan Estimate Gives Homebuyers a Tool to Compare Mortgage Products

Jan 21, 2016 6:20:45 AM

The new Truth-in-lending RESPA Integrated Disclosure (TRID) rules, which went into effect in October, came with some new real estate industry jargon, as well as a new tool for homebuyers to compare home loans offered by competing lenders. 

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Topics: Home-buying Tips, Mortgages 101, Mortgage Rates & News

   

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