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Massachusetts Home Buyer Guide

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9 Places in Massachusetts Where House Prices Have Fallen in 2023

Jul 9, 2023 10:58:09 AM

Sale price growth for single-family homes has slowed across Massachusetts over the last six months, but the median house price has increased in most cities and towns. On the other hand, the following nine cities and towns have seen single-family home prices decrease so far in 2023, according to the Massachusetts Association of Realtors. 

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Topics: Real Estate Market, Massachusetts Home Prices, Massachusetts Association of Realtors, Mortgage Rates & News, Wilmington MA, Chelmsford MA, Salem MA, Easton MA, Natick MA, Salisbury MA, Abington MA, Littleton MA, North Reading MA

Mortgage Interest Rates Reached Highest Level in 2023

Jul 7, 2023 7:59:37 PM

The average rate for a 30-year, fixed-rate mortgage climbed to its highest point this year, reaching levels not seen since last fall, according to Freddie Mac's weekly Primary Mortgage Market Survey for the week ending July 6, 2023. 

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Topics: Mortgage Rates & News

Will Slower Price Growth Mean More Massachusetts Homes For Sale?

Jun 29, 2023 6:59:17 PM

The growth in the median price of a Massachusetts single-family home has slowed over the past six months, but it's unclear whether the slowdown in price growth will trigger an increase in inventory.

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

Buying a House With Solar Panels: What Home Buyers Need to Know

Jun 13, 2023 8:02:38 PM

As more homeowners look for ways to protect the environment and save money on energy costs, more prospective home buyers in Massachusetts will consider buying a house with solar panels installed.

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Topics: Home-buying Tips, Real Estate Misc.

Will Jump in U.S. Mortgage Interests Rates Weaken Homebuyer Demand?

Jun 1, 2023 3:46:29 PM

The average rate in the United States for the 30-year, fixed-rate mortgage rose nearly a half point for the week ending June 1, 2023, according to Freddie Mac's weekly Primary Mortgage Market Survey (PMMS).

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Topics: Mortgage Rates & News

Greater Boston Real Estate: Will Lack of Affordability Cool Market?

May 25, 2023 11:15:41 AM

Over the last decade, median home prices in Greater Boston and Massachusetts have steadily climbed, accelerating during the COVID-19 Pandemic due to increased demand and short supply.

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

5 Greater Boston Communities With Less Than One Month of Inventory

May 18, 2023 12:15:33 PM

Forget about Massachusetts home sales and prices. The real story is still the need for inventory.

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Topics: Real Estate Market, Massachusetts Home Prices, Massachusetts Association of Realtors, Tewksbury MA, Shrewsbury MA, Canton MA, Revere MA, North Attleborough MA

What is Title Insurance in Massachusetts?

May 9, 2023 6:43:48 AM

When purchasing a home in Massachusetts, title insurance is one of the many expenses buyers are likely to incur at closing.

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

What's Behind Falling Home Sales in Massachusetts?

Apr 26, 2023 9:53:59 AM

Given the headlines in the media about falling Massachusetts home sales, prospective home buyers might get the impression it's now a buyer's real estate market in the spring of 2023. It's not. 

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

How Much Does Homeowners Insurance in Massachusetts Cost?

Apr 7, 2023 7:29:44 AM

The cost of homeowners insurance in Massachusetts varies depending on several factors, including the value of your home, the coverage, the deductible, and the insurance company you choose. The average cost of homeowners insurance in Massachusetts is $1,320 per year, according to NerdWallet. That's 27 percent less than the national average of $1,820.

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Topics: Home-buying Tips, Real Estate Misc.

Mortgage Interest Rates Decline for Third Consecutive Week

Apr 2, 2023 4:15:17 PM

Average U.S. interest rates for the 30-year, fixed-rate mortgage loan decreased for the third consecutive week for the week ending March 30, 2023, according to Freddie Mac's weekly Primary Mortgage Market Survey (PMMS).

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Topics: Real Estate Market, Mortgage Rates & News

11 Things Massachusetts Home Buyers Should Know in Spring 2023

Mar 28, 2023 8:19:19 AM

Whether you're a first-time home buyer, moving to Massachusetts, or you last purchased a home several years ago, you will want to educate yourself on the current state of the Massachusetts real estate market. 

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Topics: Real Estate Market, Home-buying Tips, Massachusetts Home Prices

   

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