Over the past year or so, more and more homebuyers are asking whether it is a good idea to buy now because home prices in the Greater Boston area have increased for approximately five years. The short (and truthful) answer is, "It might not be a good idea to buy depending on your plans."
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Topics:
Real Estate Market,
Home-buying Tips,
Real Estate Misc.
Massachusetts home sales declined on a year-over-year basis in February 2017; however, single-family home sales were relatively healthy when measured against February transactions over the past 10 years.
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Topics:
Massachusetts Home Prices,
The Warren Group,
Real Estate Misc.
You've heard it over and over again. Buying a home likely will be the biggest financial transaction of your entire life. It's a cliché at this point, but it is true.
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Topics:
Home-buying Tips,
Real Estate Misc.
The following audio is from an interview on April 21, 2016, on Boston Herald Radio's Bizsmart show with host Rick Shaffer.
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Topics:
Real Estate Market,
Loan Programs,
Real Estate Misc.
New Massachusetts regulations, in effect as of December 1, 2016, require replacement of old and expired smoke alarms.
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Topics:
Real Estate Misc.,
Homeowner Tips
Despite increasing home prices in most parts of the United States and the burden of student loan debt, first-time homebuyers nationwide made up 35 percent of the home-buying population, according to a data compiled by the National Association of Realtors (NAR) for its 2016 homebuyers and sellers profile.
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Topics:
Real Estate Misc.,
National Association of Realtors
Massachusetts first-time home buyers sometimes feel like they are listening to a foreign language when learning about the many lending terms related to a mortgage loan. There are many and several sound similar. The following are 15 loan terms first-time home buyers should definitely know.
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Topics:
Home-buying Tips,
Mortgages 101,
Loan Programs,
Real Estate Misc.
One of the costs Massachusetts homebuyers will incur during the home-buying process is homeowners insurance, which is often referred to as hazard insurance. Although you might be focused on a multitude of other costs associated with purchasing a home, homeowners insurance is vitally important to protect you from damage to or the total loss of your home.
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Topics:
Home-buying Tips,
Real Estate Misc.
When you buy a single-family home or condominium in Massachusetts your mortgage lender will want to know whether the home you are buying is worth the amount of money you have agreed to pay the seller.
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Topics:
Home-buying Tips,
Mortgages 101,
Real Estate Misc.
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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Topics:
Home-buying Tips,
Mortgages 101,
Real Estate Misc.
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
Massachusetts homebuyers, especially in the Greater Boston area, have seen real estate inventory decline for several years, and some real estate professionals believe rising mortgage interest rates may exacerbate the situation.
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Topics:
Real Estate Market,
Real Estate Misc.,
Mortgage Rates & News