News, tips and general information for MA real estate home buyers and homeowners published by real estate broker and attorney Richard Rosa.
ARCHIVED BLOG POSTS
Single-family home sales in Massachusetts dropped 10.3 percent in January while median prices plummeted by 20.2 percent compared to January 2008, The Warren Group, publisher of Banker & Tradesman, reported February 24, 2009.The Massachusetts median home price dramatically dropped to $259,250 from...
Democrats in the U.S. House of Representatives disagree on legislation to let bankruptcy judges reduce the principal and interest rate on mortgages for debt-strapped homeowners, the Associated Press reported February 26, 2009.President Barack Obama supports the measure, the most controversial par...
President Obama announced in Phoenix February 18, 2009 a $75 billion plan, backed by taxpayer money, to prevent foreclosures across the U.S. One part of the foreclosure prevention plan will ease refinancing for people who owe more on their mortgages than their homes are currently worth. Another p...
The median price of a single-family home in Acton, MA rose 0.75 percent in 2008 compared to 2007, rising from $549,900 to $554,053. The median home price in 2005 was $614,116. Home sales in Acton, MA declined 10.1 percent in 2008, falling from 167 sales in 2007 to 150 sales. Single-family home sa...
Where do you think the real estate market in Massachusetts is headed?Give me your thoughts. Take a five-minute survey. Thank you!
I received the following in an email from a Beverly, MA real estate agent today. “Some people say they want to wait for a clearer view of the future. But when the future is again clear, the present bargains will have vanished. In fact, does anyone think that today’s prices will prevail once full ...
The National Association of Realtors® (NAR) announced its support February 3, 2009 for new legislation introduced by House Financial Services Committee Chairman Barney Frank, D-Mass., that is designed to ease loan modifications and improve refinancing options for homeowners facing foreclosure by ...
Single-family home sales in Haverhill, MA rose 1.47 percent in 2008 compared to 2007, from 338 to 343 sales; however, the median single-family home price declined 11.2 percent in 2008 compared to 2007, falling from $300,000 to $269,900. The data comes from MLS Property Information Network, Inc., ...
Essex County saw it's median single-family home price decline 10.6 percent in 2008, and single-family home prices in Middlesex County declined 8.4 percent compared to 2007, The Boston Globe reported February 1, 2009. The Globe obtained the data from The Warren Group, a publisher of real estate da...
Pending home sales in the United States increased 6.3 percent in December compared to November 2008, USA Today reported February 3, 2009. Pending sales also were up 2.1 percent compared to December 2007. The data comes from the National Association of REALTORS® (NAR). The NAR attributes the gain...