When it comes to buying a home – and making other important decisions in life – it's not what you don't know, it's what you don't know you don't know that should worry you. There are plenty of potential pitfalls Massachusetts home buyers need to be aware of and avoid. The following are just three common Massachusetts home-buying mistakes to know about.
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Topics:
Home-buying Tips,
Mortgages 101,
New Construction
Boston has been in the news lately for its ranking as the third most walkable city in the United States, but ditching the car and living in the city probably isn't a home buyer's least expensive option.
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Topics:
Real Estate Market,
Home-buying Tips,
Real Estate Misc.,
Braintree MA,
Boston,
Andover MA,
South End MA,
Newburyport MA,
Back Bay
The median price of both single-family and condominum homes in Haverhill, Massachusetts increased in 2014, according to data compiled by the Massachusetts Association of Realtors.
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Topics:
Real Estate Market,
Community Information,
Massachusetts Home Prices,
Haverhill MA
The median price of a Medfield, Massachusetts single-family house was $613,500 in 2014, a 6.7 percent increase from $575,000 in 2013, according to data compiled by the Massachusetts Association of Realtors.
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Topics:
Real Estate Market,
Community Information,
Massachusetts Home Prices,
Medfield MA
Several first-time home buyer programs require borrowers obtain a home-buying certificate in order to qualify for the loan program. MassHousing requires borrowers to participate in a home buyer class and obtain a certificate of completion in order to buy a home with one of its mortgages.
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Topics:
Home-buying Tips,
Mortgages 101,
Loan Programs
Global real estate investor Barry Sternlicht told CNBC on Thursday, February 19, 2015 that he disagreed with Nobel Prize-winning economist and Yale economics professor Robert Shiller, who predicted on February 18, 2015 that the home prices U.S. seem to have reached a peak for now [See videos below].
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Topics:
Real Estate Market,
Video
Lenders worked through the backlog of Massachusetts foreclosures in 2014.
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Topics:
Real Estate Market,
Foreclosure News,
The Warren Group
The median price of a single-family home in Newburyport, Massachusetts increased 2 percent in 2014 to $515,000 from $505,000 in 2013, according to data compiled by the Massachusetts Association of Realtors.
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Topics:
Real Estate Market,
Community Information,
Massachusetts Home Prices,
Newburyport MA
The median price of a single-family home in Hingham, Massachusetts increased to $663,750 in 2014, a 2.1 percent increase from the $650,000 median price in 2013, according to data compiled by the Massachusetts Association of Realtors.
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Topics:
Real Estate Market,
Community Information,
Massachusetts Home Prices,
Hingham MA
Massachusetts first-time home buyers made up 39 percent of all home buyers, higher than the 33 percent of home buyers on the national level, but lower than the historical norm of 40 percent, according to a report released by the Massachusetts Association of Realtors.
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Topics:
Real Estate Market,
Massachusetts Association of Realtors,
Real Estate Misc.
Despite Massachusetts home buyers actively purchasing homes in December, single-family home sales declined 2 percent in 2014, according to the latest report issued by The Warren Group, publisher of Banker & Tradesman.
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Topics:
Real Estate Market,
Massachusetts Home Prices,
The Warren Group