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ma real estate: MA home buying 101: avoid common mistakes - 01/27/09 02:43 PM
Many common mistakes that buyers of real estate make can usually be avoided. Here are a few mistakes many buyers make, and some ways to avoid them.
#1. Buying before selling. It sounds simple, but the lure of that new house can have an overwhelming effect on your finances. Sell the home you currently own before buying a new one. Sure, bridge loans can be obtained, but in the current buyers’ market, who knows how long your home will be on the market before someone purchases it? Unless you are able to pay cash for that new place, wait until you … (3 comments)
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ma real estate: Will speculators prevent a housing recovery? - 01/27/09 01:37 PM
Kathleen M. Howley wrote an interesting article recently. Check it out on Bloomberg.com. Howley's thesis, built in large part upon interviews with Nobel laureate economist Joseph Stiglitz and co-creator of the widely used S&P/Case Shiller real estate price index Robert Shiller, submits that speculators are largely to blame for the current housing recession and these same flippers/professional investors will keep prices down for some time to come.
How did this happen? Flippers bought more than they could afford thanks to no-documentation loans and other risky mortgage products during the housing market bubble in the late 1990s and early 2000s. When many … (2 comments)
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ma real estate: Stemming the foreclosure crisis: MA Attorney General's plan - 01/27/09 11:55 AM
Massachusetts Attorney General Martha Coakley, together with several State Senators and Represenatives, has filed two pieces of legislation aimed at reducing foreclosures and negating some of the negative effects of abandoned properties as a result of foreclosures.
What is Ms. Coakley’s hope? According to the AG website,
“We hope that this legislation can provide for Massachusetts some relief while we wait for action at the national level. The effects of the housing crisis have rippled through all sectors of our economy, and until we tackle the underlying problem of the subprime lending crisis, no bail out package, no matter how big, … (0 comments)
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ma real estate: Crane Beach in Ipswich, MA - 12/29/08 03:34 PM
Why move to Ipswich, MA? Views like this one. Ranked among the world's best beaches, Crane Beach is the place to be all summer long. It is certainly less crowded in the middle of winter, but still provides amazing views as you can see.
To learn more about the town of Ipswich and Ipswich MA real estate, call me at 800.25.BUYER (ask for John) or email me.
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ma real estate: MA mortgage rates down? Thank you, Federal Reserve - 11/25/08 08:10 PM
The Federal Reserve announced today that over the next year (18 months at most), they will be buying up mortgage-backed securities to the tune of $500 billion.
This is what the Fed had to say in a statement, per a Bankrate.com article,
"This action is being taken to reduce the cost and increase the availability of credit for the purchase of houses, which in turn should support housing markets and foster improved conditions in financial markets more generally."
What a nice Thanksgiving-week treat! Rates have immediately dropped today, and are likely to drop slightly over the next few weeks barring any … (1 comments)
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ma real estate: MA residential property inventory down - 10/29/08 06:55 PM
A needed step appears to be taking place in the Massachusetts housing market. The Massachusetts Association of Realtors® reported September 2008 market data recently, and the housing correction continues.
Feel free to read all about it over at Bay State Realtor News. Here is an excerpt:
“The inventory of residential properties on the market as of September 30, 2008 decreased 13.6 percent compared to the same time last year (from 53,957 listings in 2007 to 46,598 listings in 2008). At the current sales pace, this represents approximately 10.2 months of supply, a decrease from 12.0 months of supply in September 2007. … (0 comments)
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John Morrison - Boston area real estate - Exclusive Buyer's Agent, CBR
Ipswich,
MA
More about me…
Buyer's Choice Realty
Address: 162 Main Street, Wenham, MA, 01984
Office Phone: (800) 252-8937
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