home affordability: 5 Stages of Buying Your First Home - 02/22/11 03:23 AM
 
5 Stages of Buying Your First Home Real Estate is local.  By that we mean that what is going on in your local community or neighborhood, may not be reflective of what is happening in other parts of your town, county, or state.  Much of what we hear and read is based on national averages and trends.  That's a great benchmark, although you need your local market information to make informed decisions about the right next step for you.  The best way to get that is find a Realtor who is a full time professional and an expert in your … (0 comments)

home affordability: Home prices are trending back up - 01/11/11 01:10 PM
Every major price index points to a housing market that has hit bottom and is moving in a positive direction.  After thirty months of declining values, home prices appear to be stabilizing or appreciating in nearly every U.S. market.  In August of 2010, the median home price was $182,600, amounting to an 11 percent increase over the low that was reached in February of 2010 at $164,000. 
Locally, our housing market has been experiencing declining values for 5 years!  MA was one of the first states to experience the shift in the market.  Using the same time frame that we used … (0 comments)

home affordability: Pending sales for December up in MA! - 01/04/11 08:36 AM
The Massachusetts Association of REALTORS® (MAR) reported today that the number of single-family homes put under agreement in December was up 5.3 percent compared to the same time last year.  This is the first significant increase in year-over-year pending sales in seven months.
This is truly exciting news.  Many of my colleagues  I spoke with reported December being their busiest month of the year.  These numbers support those claims.
Buyers are buying.  It seems they have gotten the message that in increase in the interest rate equals a decrease in their buying power.  Did you know that on the average for … (0 comments)

home affordability: Mortgage rates hit rock bottom in 2010 - 01/02/11 07:38 AM
The national average on a 30 year fixed rate mortgage dropped to 4.36% in August 2010-lower than it's been in the past half century.  Interest rates for the same time last year averaged 5.19%, representing a difference of $90 in the monthly payment on a $200,000 home with 10% down, as well as a savings of $32,460 over the life of the loan.
While interest rates have begun to climb, they remain at historic lows.  Like interest rates, the housing market will remain at the bottom only so long.  Every major price index points to a housing market that has hit … (0 comments)

home affordability: Buyers have the edge - 12/13/10 02:58 AM
According to Lawrence Yun, chief economist from the National Association of REALTORS, "Home buyers over the past year got a great deal, and buyers for the balance of this year have an edge over sellers.  Affordability could reach a generational high in the second half of this year because of rock-bottom mortgage interest rates, helped partly by the Fed's very accommodating monetary policy."  For more reasons why now is prime time to buy a home, contact me and I'll send you a free ebook.
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Carole Helwig, Servicing Acton, Sudbury and Hudson, MA (Keller Williams Realty)

Carole Helwig

Servicing Acton, Sudbury and Hudson, MA

Concord, MA

More about me…

Keller Williams Realty

Address: 200 Baker Avenue, Suite 205, Concord, MA, 01742

Office: (978) 369-5775

Mobile: (978) 841-7683

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