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Massachusetts Home Buyer Guide

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What is a 'Perc' Test When Buying Land in Massachusetts

Jan 15, 2019 1:49:00 PM

When a Massachusetts homebuyer purchases land to build a new construction home that will need a septic system, a percolation test, commonly referred to as a "perc" test, must be completed to determine the design of the septic system

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

3 Massachusetts Home-buying Mistakes to Avoid

Apr 13, 2015 5:54:38 AM

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

Are Millennials Ditching the City?

Jan 26, 2015 6:03:00 AM

The prevailing wisdom in the real estate industry has been that Millennials would prefer living in the city longer and iving in smaller, urban spaces than previous generations; however, a new study has found Millennials, as a whole, just want a big place in the suburbs like everyone else.  

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Topics: Real Estate Market, Condominium, Real Estate Misc., New Construction

Ink Block: Luxury New Construction For South End Home Buyers

Jan 14, 2014 9:15:00 AM

For Boston home buyers looking for a new construction luxury condo in Boston's South End, the Ink Block development presents a rare opportunity. Besides nearly 400 apartments, the development will include 83 luxury condominiums known as the Sepia Condos at Ink Block. 

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Topics: Community Information, Massachusetts Relocation, New Construction, Boston, South End MA

Mortgage Interest Rates Up, U.S. Sales of New Construction Homes Down

Aug 31, 2013 10:28:00 AM

With average U.S. 30-year mortgage interest rates more than 1 percent higher than average rates in May, sales of new construction homes across the nation declined 13.4 percent in July 2013 compared to June 2013, Yahoo! Finance reported August 23, 2013.

Sales of newly built homes stood at a seasonally adjusted rate of 394,000 in July, according to U.S. Commerce Department data. July's sales numbers for new homes were the lowest in nine months, as sales fell from a rate of 455,000 in June. The June numbers were revised down from a previously reported 497,000 sales. 

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Topics: Real Estate Market, Mortgage Rates & News, New Construction

What Do Home Buyers Really Want? Home Builders Release Study.

May 12, 2013 10:26:00 AM

The National Association of Home Builders (NAHB) publishing arm recently released a study of what home buyers want in a home. 

"The housing downturn of the last few years affected not only the number of new homes that are built each year, but also the characteristics, features and size of the ones that do get built.  Builders and other industry professionals now have an opportunity to find out what home buyers really want and will not give up in  today’s market, as well as which features they are ready to leave behind in light of current economic realities," according to the NAHB study released February 19, 2013. 

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

U.S. Home Buyers Push Existing Home Sales Slightly Higher in January

Feb 24, 2013 10:26:00 AM

Sales of existing homes in the United States increased 0.4 percent in January while the supply of homes on the market declined to its lowest level in 13 years, Reuters reported February 21, 2012. 

The National Association of Realtors provided the data. 

January was the second highest rate of sales since November 2009 when the federal home buyer tax credit was set to expire.

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

    

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