prices: Home Prices Crash??
- 06/20/26 08:02 AM
As my crystal ball is in the crystal ball repair shop, getting fitted with all the updated bells and whistles, I will refrain from making predictions...lol.
Buyers want to see prices fall (until they've made their purchase 😎) and sellers want to see prices keep rising (until they are in the market to buy a replacement home 😁). It's all human nature. The statistics show that, over time, Real Estate has increased in price and is still the best way to accumulate long-term wealth.
As a general rule, I say, "markets go up, and markets go down." AND get with your local Real … (2 comments)
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prices: Georgetown Real Estate Update
- 06/11/26 07:33 AM
Georgetown Housing Market Update – Summer 2026The Georgetown housing market continues to favor sellers as we move into the summer season. Home values remain strong, with Zillow reporting a typical home value of approximately $783,000, up 3.7% from a year ago.
Inventory has improved slightly, with about 20 homes currently on the market, but supply remains limited compared to buyer demand. As a result, well-priced homes are often selling within two weeks and frequently receive multiple offers.
While monthly sale prices can fluctuate in a small community like Georgetown, the overall trend remains positive. Buyers continue to compete for a limited number of … (4 comments)
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prices: Markets Go Up and Markets Go Down.
- 06/10/26 05:19 AM
Over the years, I have been learning that many homeowners are overly concerned about the value of their home. Not that it's not important, but it is my opinion that we need not worry too much about it since home values have consistently risen over decades of recorded data.
One thing I have learned is that Markets Go Up and Markets Go Down. Yet, over time, prices appreciate. I believe value remains a constant. That doesn't mean prices won't fall, because sometimes they do, but not often, and when they do, they have bounced back even higher. I think it was Warren … (8 comments)
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prices: Are Lower Interest Rates a Good Thing?
- 10/08/25 12:23 PM
This is an interesting article on interest rates by the folks at KCM. It is my opinion that people are concerned by the trajectory of Real Estate prices and rightfully so. If interest rates are lowered, will that result in a continued spiral of Real Estate prices? Traditionally, interest rates are considered normal at 5% to 6%. I'll be interested in your thoughts.
Why Experts Say Mortgage Rates Should Ease Over the Next Year You want mortgage rates to fall – and they’ve started to. But is it going to last? And how low will they go?
Experts say there’s room for … (5 comments)
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prices: The 5-Year Rule?
- 07/23/25 10:21 AM
It is important to stay informed and learn new things. I did not realize there was a 5-year rule when it comes to home prices. This is why I am sharing this Infographic prepared by the Keeping Current Matters people. I'm sure many out there knew about this, which frames the importance of continued networking and picking other agents' brains.
Personally, I think a lot of things are purely common sense. I'd like to hear your thoughts on this.
The 5-Year Rule for Home Prices Some Highlights If recent home price headlines have you feeling worried, here’s some perspective. Home values almost always go … (14 comments)
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prices: Prices? Up or Down?
- 10/16/24 05:56 AM
With home prices continuing to spiral upward, many are wondering if prices will ever come down in the foreseeable future. The simple answer to that question is simple: Maybe...lol. We must remember that markets go up and markets go down (but taxes never do), and real estate is an asset that, over time, will increase in value. As far as me predicting short-term trends, well, let's see what my Magic 8 Ball says.
Are Home Prices Going To Come Down? Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home … (13 comments)
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prices: Massachusetts Home Prices
- 06/08/23 10:03 AM
I saw this article, written by Liz Hughes, in the "Boston Agent Magazine". Massachusetts already has very expensive Real Estate so I was glad to see we had the smallest increase in prices (13.37%) since April of 2021. We are still expensive and one of the most expensive states to live in. My concern is how do senior citizens retire in place when taxes are going through the roof.
For 2023, Massachusetts has the 3rd highest median home price, $565,000, and the 3rd largest household income at $84,385
Bay State home prices see smallest increase since 2021by Liz Hughes
June 07, 2023
While the … (6 comments)
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prices: Higher Prices?
- 07/22/22 08:08 AM
We live in crazy times
I still say, 3 or so years ago we all went to bed and while sleeping we were secretly transported to Bizarro World, a world where everything we had grown accustomed to was thrown in a bag, shaken up, and tossed like dice.
Just the other day I saw a news piece that said mortgage applications had fallen to a 22-year low. Inventory is still low and could be getting lower and interest rates are rising, BUT home prices are still appreciating. At some point, I would think the "normal" business cycle would bring about an easing in … (12 comments)
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prices: Patience Is A Virtue...
- 04/28/21 02:20 PM
It's not only patience that is needed in this market. Perseverance and a positive attitude are needed. In our area, it's pretty typical for a viable listing to have 60 or more showings and 10+ offers. Now I'm beginning to see agents deferring showings until a Saturday Open House then make the deadline for offers for Monday by 5:00 p.m.
There is a feeding frenzy taking place. I do my best to encourage my buyers not to succumb to the emotion and get caught up in making outrageously high offers. People are using escalation clauses, covering appraisal gaps, extended closings with rent … (12 comments)
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prices: Are You Thinking Of...?
- 09/12/20 08:29 AM
I think after the 1st of the year, this year, we all went to bed and while we were sleeping some alien force teleported us to Bizarro World where things are not anything like we are used to!
Who would have thought that during a "worldwide" health crisis, where economies and people were locked down, and people suddenly became unemployed, and businesses closed OR, where business was transacted over ZOOM, GoToMeeting, BlueJeans, or any of those streaming services, just who would have thought that many, many Real Estate professionals would have a banner year? Even in States where Real Estate was … (25 comments)
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prices: Up...Down...Or What?
- 05/12/20 07:15 AM
Get your crystal balls out! To be honest, I try not to make predictions simply because things can change in an instant, as we are seeing with this current health crisis we find ourselves in. In Georgetown, MA a small, historic, New England town, prices are up by roughly 5%. There is much pent up demand and in the last 2 months numbers look like this... We have 3 properties with an accepted offer (today), 13 with a signed Purchase & Sales Agreement & 17 of those have closed. Prices are up by about 5% inventory is .68 monthsThis leads us into … (14 comments)
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prices: Market Impact & You
- 01/21/20 07:46 AM
In our town and the 4 towns bordering us, there are only 22 listings. One of those 4 has 10 listings with the lowest priced listing at $779,000 and the highest-priced is listed at $2.250,000 and median Days on Market is 150 days. The other 3 towns have 12 listings between them. This is creating a fiercely competitive market and driving prices up and could force some buyers out of the market or cause them to look further out than they desire. With low inventory and low interest rates...
How is this impacting your client's ability to purchase a home?
Housing Inventory Vanishing: What … (8 comments)
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prices: In 5-Years?
- 08/01/19 08:31 AM
When we purchase a home whether a single-family, multi-family, condo etc. it is important to maintain the home through regular maintenance and updates or upgrades. By doing this you will maintain and/or increase the equity/value in your home. The article below is based on a Pulsenomics quarterly survey of 100 Real Estate knowledgeable professionals regarding their 5-year expectations of future home prices.
Your Equity Over The Next 5 Years Many of the questions currently surrounding the real estate industry focus on home prices and where they are heading. The most recent Home Price Expectation Survey (HPES) helps target these projected answers.
Here are … (0 comments)
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prices: The Cost of Waiting...
- 06/12/19 11:15 AM
I've burned myself several times in life by procrastination or thinking I was smarter than I actually am. In Real Estate, the market changes day by day. Waiting could cost you plenty of dollars OR you just might luck out. When Pam & I bought our house in 1985 the interest rates were at 13% and rising, as were prices, BUT, we knew the market and knew that rates would not remain high even though the rates went to 18% before correcting. On that one occasion, we did not hesitate/wait...We Bought!
My advice is Do Not Wait. My motto is "It's … (27 comments)
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prices: Up? Down? Or Steady?
- 09/08/18 06:41 AM
Where are Real Estate prices headed in the future? Your guess is as good as mine. Here in Massachusetts, we have seen nearly a 6% average gain year over year. Of course, there are pockets within the State that have experience higher and lower gains. A couple of the other states like Nevada and Idaho have experienced double-digit gains, on average. BUT, what does the future hold? The folks at Keeping Current Matters provide their thoughts on the subject. Enjoy...
What Does The Future Hold For Home Prices?
Home prices are at the top of everyone’s minds. Can they maintain their current pace of … (14 comments)
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prices: Are we Headed for a Bubble?
- 09/08/18 05:06 AM
Nevada had nowhere to go but up. My brother-in-law & his wife took advantage of the year over year surge in Nevada prices (17%). BUT, what's going on in Idaho with a 13.1% increase? In my town of Georgetown, MA we had 33 closed & recorded transactions in the months of July & August. Of the 33 transactions, 22 sold for over asking prices and in a couple of instances substantially over.
To me, it seems the last few years are reminiscent of the pre-2006 market tumble. The one difference is now we have very low inventory. Nothing goes straight up without it … (22 comments)
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prices: Affordability in Your State????
- 07/02/18 06:14 AM
Homes are More Affordable in 44 out of 50 States … (4 comments)
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prices: What Will 2018 Bring?
- 01/04/18 10:49 PM
No one has a crystal ball, BUT, there are experts that have a good idea what the 2018 Real Estate Market has in store. Predictive analytics is a fascinating science and I find Dave Ramsey to be 1 financial guru that I have confidence in. Here are some of Dave's expectations for this year
1. Home sales are expected to soar.According to the National Association of Realtors, this year the number of existing-home sales was expected to increase about 3.5%, to 5.64 million. The NAR predicts that existing-home purchases will rise another 2.8% in 2018, to 5.8 million.(1)
With homes continuing to fly off … (6 comments)
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prices: 2017 Home Prices...
- 12/15/17 08:18 AM
This has been an active year in Real Estate. Even with low inventory, the markets have been hot. The folks at KCM have provided, what I think is, a great Infographic showing what has happened across the country with regards to home prices. I wonder what next year, 2018, has in store? I think it will be another banner year. What do you think?
Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another … (10 comments)
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prices: Rent or Buy?
- 02/24/17 04:30 AM
In our area the numbers of rental units available for rent incredibly low. If you are a multi-unit investor the best places to buy are in close proximity to the public transportation centers. That's what renters are seeking and those property values are soaring, as are the rents. Inventory for single family homes are seriously lacking. In our town, we have only 6 active listings for homes and condos. This is good news for buyers as prices will continue to accelerate. Will those who rent decide to buy? The economics indicate it would be a smart move.
The Great News About Rising … (8 comments)
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As my crystal ball is in the crystal ball repair shop, getting fitted with all the updated bells and whistles, I will refrain from making predictions...lol.
;)
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