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north shore massachusetts: Jay's Annual 10 Predictions for the New Year - 01/02/10 03:37 PM
There are a lot of sighs of relief now that 2009 is past, particularly coming from the real estate industry.But will 2010 be any better?I have just dusted off my crystal ball... and I can now offer my annual 10 predictions for real estate in the coming year:1. The residential housing market will pick up early this year, but will dip again after mid-year.2. Short sales will increase and foreclosure inventory will continue to rise.3. Mortgage rates will rise and settle in around 6%+/-.4. Appraisal guidelines will tighten and mortgage lenders will require stellar credit from buyers.5. A lot of prospective … (7 comments)

north shore massachusetts: Stop The Addiction To Overrides in Hamilton & Wenham, MA - 02/24/09 01:24 PM

It is time to put an end to the Proposition 2 1/2 overrides in Hamilton and Wenham, Massachusetts. When Prop 2 1/2 was enacted in 1980 it had provisions to allow towns to pass overrides, but those overrides were intended for emergency purposes. Overrides were not intended to be used to subsidize school funding on an annual basis as has become the norm in our two towns. If override supporters in Hamilton and Wenham believe that "emergencies" have existed in our towns for 10 out of the past 11 years, then the answer lies with a broken system that obviously … (2 comments)

north shore massachusetts: You HAD To See It Coming! So Where's It going? News Headlines Say It All. - 10/09/08 08:52 AM
The following are The Boston Globe Newspaper's real estate headlines for the past six months...all of them (good or bad).  You determine for yourself what kind of a market we continue to experience.
THE BOSTON GLOBE
October, '08:  Pending home sales rise in August - More buyers are drawn to market by low-priced foreclosure properties"Some pending home sales may not close because banks are reluctant to lend as property values keep sinking and foreclosures mount."
September, '08:  Mass. Home prices, sales fall further"Economics professor Karl Case said he has scrapped his latest forecast for a housing recovery in early 2009 because of the … (0 comments)

north shore massachusetts: March Market Update: Massachusetts North Shore Housing Trends - 03/08/08 02:28 PM
In January of 2007, I wrote a blog entitled "Knowing Exactly When the Market will Change" that received many comments, replies and supportive feedback. In that blog, I stated that it is my belief that as soon as we have 3 consecutive months when more inventory is going off (under contract) than is coming on (new listings) we can once again expect to experience an appreciating market. 
Hot off the "Actual Statistics" press, it is now time for my March update (February 2008 statistics) of how the real estate market is faring in my area of the country - the Massachusetts North … (3 comments)

 
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Jay Burnham - The Coldwell Banker Guy

Beverly, MA

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