market conditions: CNBC Features ActiveRain Member and Zillow's COO - Spencer Rascoff
- 09/18/09 01:45 AM
Good news for Massachusetts Homeowners? recent video from CNBC "State of the housing market"
CNBC Features ActiveRain Member and Zillow's COO - Spencer Rascoff
The Discussion is the Country's Housing Market. CNBC - "One Year Later" focuses on "Hashing Out Housing" with guests Spencer Rascoff from Zillow, Armando Falcon from Falcon Capital Advisors, and Dr. Susan Wachter from Wharton Business School. The Good news, the Real Estate rate of decline is slowing, and the Boston Market appears to have hit bottom. What will it take and when will the Market be "Normal" again? What will that look like? A few hurdles … (0 comments)
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market conditions: 8,000 reasons to buy a home NOW!! - Historic opportunity!
- 09/02/09 01:09 AM
The 1st time buyer tax credit, is perhaps the best opportunity and incentive in years to become a homeowner. Think about it- since the market peak in 2005, home price are down about 25%, interest rates are at historic levels- hovering around 5% +/-. with an FHA loan you can buy with as little as 4% down payment and THE GOVERNMENT IS GIVING YOU $8,000. credit !!!!!
If you have been thinking about buying your own home in Metrowest MA, but aren't sure how it works or if you qualify. PLEASE call me for some straight talk, no pressure discussion on your questions … (6 comments)
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market conditions: $15,000 Home Purchase Tax Credit? PLEASE, say it's true!!
- 02/07/09 08:46 AM
I have just read that as part of the economic stimulus package, the senate passed an ammendment to create a 10% tax credit on the purchase of a primary residence, with a maximum of $15,000 credit. My understanding is this is for any buyer, not just 1st timers and would replace the current $7,500 credit for 1st timers. Further, the way I read this, unlike the $7,500 credit, it does NOT have to be paid back- a true tax credit. This will be fantastic as a stimulus for many people wanting to buy but sitting on the fence due to uncertainty.
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market conditions: Southborough Single family market snapshot
- 05/27/08 05:07 AM
this chart is meant to give you a snapshot of how the market is doing year to date compared to the same time period last yera. For a more in depth analysis please feel fre to contact me to discuss market conditions in different price ranges.
Southborough 1st qtr sales stat's (from MLS)
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market conditions: Ashland single family market snapshot
- 05/27/08 05:02 AM
this chart is meant to give you a snapshot of how the market is doing year to date compared to the same time period last yera. For a more in depth analysis please feel fre to contact me to discuss market conditions in different price ranges.
Ashland 1st qtr sales stat's (from MLS)
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market conditions: Hopkinton MA Condo Market Update 2006 vs 2007
- 02/26/08 05:06 AM
The following chart shows market activity statistics for the full year of 2007 vs 2006
As you can see the number of sales is actually up and the sales price is quite close to asking. On the % ssold price I tried to show the % from original list price compared to the % from final list price (after price reductions) to sold price. This tells me that when homes are priced too high they sit and when they get to the correct price they sell quickly and close to asking price.
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market conditions: Metrowset MA market stat's 07 vs 06
- 02/20/08 07:03 AM
This is a comparison of single family sales in Metrowest using MLS Statistics.
This analysis uses the Towns of Ashland,Hopkinton,Holliston,Southboro,Grafton,Upton & Westboro.
As you can see from this chart the # of sales is actually up, while the Median price is down and days on market is up. Most importantly - houses are selling.
The other key fact is when they are priced correctly they sell very close to asking price 97% on average.
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market conditions: What's ahead in 2008 Metrowest
- 01/14/08 11:48 PM
2008 Outlook -Metrowest
The market will remain flat, with similar sales volume to ‘07 and price declines leveling off. Keep in mind that last years sales volume although down 6% from ‘06 was still historically strong. I believe there is a pent up demand of buyers who wanted to buy but based on media reports waited to see if further deep price drops would occur. This has not happened but interest rates have dropped. I think these buyers will get back in the market this spring to take advantage of the low mortgage rates. Speaking of mortgage rates- again listening to the … (2 comments)
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market conditions: 2007 Market Stat's Hopkinton MA
- 01/14/08 11:44 PM
2007 Review: Even if you're not following the real estate market, you could not have missed the media blitz telling you- Don't buy a house this year! And of course the collapse of the subprime mortgage industry (predatory lenders were lending money to people they shouldn't have been putting into adjustable rate loans). First of all, those news stories were national generalizations. All real estate is local! (some markets are going up, N.Carolina) Our truth lies in the chart below. These numbers are pretty much true for any metrowest town. Sales volume was down by 12 units or 5%, still strong … (0 comments)
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market conditions: Metrowest 3rd Quarter single family sales report
- 10/30/07 11:12 AM
This is the sales activity comparing 3rd qtr 2007 vs 3rd qtr 2006
The results are mixed, however its interesting the total number of sold homes is up from 2006. The days on market is up and the median price is down as we expected. The good news is homes are still selling and buyers are still buying. For a move up or 1st time buyer this is a fantastic time to buy. If you would like a more detailed analysis as it relates to your circumstances pleas contact me either at 508 435-8786 or email johnsavi2002@yahoo.com.
Reprinted From Greater Boston Association of Realtors*
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market conditions: Framingham single family market snapshot
- 10/25/07 11:20 PM
Framingham Single family market snapshot
Framingham10/22/07
I was curious what segment of the market was more active. Where are buyers coming from and what Price range. Looking at the MLS statistics heres what I found.
active listings total - 304 homes . On deposit 48 Homes= an 9 month supply. On deposit as opposed to solds gives me a better picture of whats happening over the past 45 days. Of these 48 homes 42 are under $500,000. and 4 are in the $500's, 2 in the $600's, 1 in the $1.5 million. It seems as though the under $500,000 home market is the most active. If you are interested in a detailed report please contact me … (0 comments)
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market conditions: Bay State Commons Westboroughs newest mixed use development
- 10/23/07 10:33 AM
the Bay State Commons shopping plaza will start to open in October with the Grand opening of Roche Bros. supermarket on the 28th. Businesses slated to occupy spaces within Bay State Commons include Roche Brothers supermarket, Boston Sports Club, The Paper Store, Claire's, Ted's Montana Grill, Linens-‘n-Things, Stein Mart, TD Banknorth, Stride Rite and a Panera Bread. The project also includes hi-end condo's called Parkview at the commons, which they just started marketing. There are 11 buildings and 50 condo units in the project. … (3 comments)
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market conditions: Westborough single family market snapshot
- 10/22/07 12:39 PM
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market conditions: Ashland single family market snapshot
- 10/22/07 12:33 PM
Ashland 10/22/07
I was curious what segment of the market was more active. Where are buyers coming from and what Price range. Looking at the MLS statistics heres what I found.
ashland active listings total - 78 homes . On deposit 15 Homes. On deposit as opposed to solds gives me a better picture of whats happening over the past 30 days. Of these 15 homes 10 are under $500,000. and 5 are $550,000 to 850000.
It seems as though the starter home market is the most active. I f you are interested in a detailed report please contact me at 508 435-8786 or www.MetrowestareaHomes.com I can provide comprehensive … (0 comments)
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market conditions: Hopkinton single family market snapshot
- 10/22/07 11:25 AM
I was curious what segment of the market was more active. Where are buyers coming from and what Price range. Looking at the MLS statistics heres what I found.
Hopkinton active listings total - 83 homes . On deposit 16 Homes. On deposit as opposed to solds gives me a better picture of whats happening over the past 30 days. Of thes 16 homes 11 are under $450,000. and 5 are over $650,000, and no activity at all from $450-$650,000.
I seems as though the starter home market is the most active. I f you are interested in a detailed report please contact me at … (0 comments)
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market conditions: This is THE best time to buy a home!!!
- 10/17/07 04:13 AM
Most people who have made money in the stock market follow the principle of buying low and selling high. In the housing market, it is often profitable to buy when people are selling...and sell when people are buying. If housing prices are off then it is a GREAT time to buy! But you have to stop the gloom and doom and educate yourself to the facts in your community. I have provided many market conditions reports on these pages detiling sales activity comparisons of 2005/2006/2007. If you were thinking of buying a new home but were dissuaded by all the media … (1 comments)
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market conditions: Active Rain- Collective attitude
- 10/08/07 11:55 AM
I have to say ever since joining AR, I am impressed with the overall attitude of the Realtors in this community. The posts talk about current market conditions which are trying. 99.5 % of what I read here is about opportunity and making lemonade out of lemons. Its very inspiring to here story's and ideas which encourage stepping up and make it happen attitude. I have been in real estate for 22 years and seen it all recession and boom. But unlike today with blogging and the AR community, you never knew what everyone else was thinking or doing. This is … (12 comments)
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market conditions: Hopkinton Massachusetts CONDO Market update YTD '06/07
- 10/06/07 12:40 PM
Hopkinton Condo market statistic thru 9/30 2007 2006 vs 2007. The inventory is up by about 25%. The numbers sold is up by 10% while the median saales price and days on market remain flat. This seems to show that while sales have been on par or a little better than last year, inventory seems to be building again. … (0 comments)
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market conditions: Westboro Massachusetts single family YTD market report
- 10/05/07 12:50 PM
TOWNS:Westboro single family market stat's YTD aso 09/30/2007
This is a summary of active & sold listings Year to date.
# of sold homes is down.
Inventory is down.
The inventory is way down which is a good sign for a return to a healthy and active market.
… (0 comments)
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market conditions: Milford MA Market conditions YTD.
- 10/05/07 12:41 PM
TOWNS: Milford MA Single family stat's YTD 09/30/2007
This is the 1st 3 Quarters results for single family homes in Milford MA. while other Metrowest towns are seeing a decline in active listings and a level number of solds compared to 2006, Milfords inventory is up and solds are down for the same period. … (0 comments)
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Good news for Massachusetts Homeowners? recent video from CNBC "State of the housing market"
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