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Real Estate News from Popular Massachusetts Counties

By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Comments 5
Your House Could Be the Oasis in an Inventory Desert Homebuyers are flooding the housing market right now to take advantage of record-low mortgage rates. Many have a sense of urgency to find a home soon since experts forecast a steady rise in both rates and home prices this year and next. As a result, buyer demand greatly outweighs the current housing supply. Here’s how the shortage of houses for sale sets yours up to be the oasis in an inventory desert. According to the National Association of Realtors (NAR), today’s housing inventory sits at an incredibly low 2.1-month supply, far below the 6-month mark for a neutral market. Inventory of single-family homes a year ago was already very low, and as you can see in the graph below, this year’s levels are even lower:Due to these market con...
By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Comments 4
When It Comes To Selling a House, Your Time Is Money  Some Highlights Selling a house is no small task. If you decide to try to do it on your own, keep in mind you’ll be responsible for all the expert-level work of a real estate professional. The vital tasks an agent manages for you include listing and marketing your house, handling legal documentation, negotiating with all parties, and navigating local laws and regulations. If you’re ready to sell while the market is in your favor, let’s connect to make sure you have the professional expertise you need every step of the way.
By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Comments 4
It’s Not Too Late To Apply For Forbearance Over the past year, the pandemic made it challenging for some homeowners to make their mortgage payments. Thankfully, the government initiated a forbearance program to provide much-needed support. Unless they’re extended once again, some of these plans and the corresponding mortgage payment deferral options will expire soon. That said, there’s still time to request assistance. If your loan is backed by HUD/FHA, USDA, or VA, you can apply for initial forbearance by June 30, 2021. Recently, the Consumer Finance Institute of the Federal Reserve Bank of Philadelphia surveyed a national sample of 1,172 homeowners with mortgages. They discussed their familiarity with and understanding of lender accommodations that might be available under the Coronav...
By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Comments 3
Don’t Forget to Budget for Closing Costs When buying a home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. What Are Closing Costs? According to Trulia: “When you close on a home, a number of fees are due. They typically range from 2% to 5% of the total cost of the home, and can include title insurance, origination fees, underwriting fees, document preparation fees, and more.” For example, for someone buying a $300,000 home, they could potentially have between $6,000 and $15,000 in closing fees. If you’re in the market for a home above this price range, your closing costs could be great...
By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Comments 1
3 Steps to Take Before You Attend a Home Closing A closing represents the final stage before a buyer acquires a house. At this point, a buyer and seller will meet and finalize an agreement. And if everything goes according to plan, a buyer will exit a closing as the owner of a new residence. Ultimately, there are several steps that a buyer should complete to prepare for a home closing, and these are: 1. Review Your Home Financing Typically, a lender will provide full details about your monthly mortgage payments for the duration of your home loan. This information is important, as it highlights exactly how much that you will be paying for your house. Assess your home loan information prior to a closing. That way, if you have any home loan concerns or questions, you can address them befor...
By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Comments 0
Americans See Real Estate as a Better Investment Than Stocks or Gold Last month, in a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York noted that Americans believe buying a homeis definitely or probably a better investment than buying stocks. Last week, a Gallup Poll reaffirmed those findings. In an article on the current real estate market, Gallup reports: “Gallup usually finds that Americans regard real estate as the best long-term investment among several options -- seeing it as superior to stocks, gold, savings accounts and bonds. This year, 41% choose real estate as the best investment, up from 35% a year ago, with stocks a distant second.” Here’s the breakdown:The article goes on to say: “The 41% choosing real estate is the highest selecting any of t...
By Zachary Parker, Real Estate Marketing Pro | SEO Gun for Hire
(ProSource Media)
Comments 0
Rent prices have been on the decline in Greater Boston since March of 2020.  Demand for apartments was severely hampered by remote learning and a diminished student population, sending prices for apartments plunging as high as 21% in Downtown. The reality is these severe rent drops have been more or less concentrated to a few neighborhoods in Boston.  Overall in Boston, the average rent for an apartment has dropped 4.51% year-over-year. This points to an interesting shift in demand that has occurred over the past year in Boston’s housing market.  Demand shifted from renting to buying amid record low interest rates.  Demand also shifted from the typical high-demand neighborhoods near Downtown and local Universities to areas out in the suburbs.  This shifting demand trend becomes clear wh...
By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Comments 3
Staying Focused in Your Search for a New Home  Whether you're looking for your first house or getting ready to relocate for the fifth time, house hunting can wear you down after a while! Not only can it be difficult to coordinate real estate appointments with work obligations and the demands of parenthood, but your stress level is compounded if you're on any kind of time table or deadline. The secret to survival is to maintain a positive attitude, do your best to remain solution oriented, and work with a proactive real estate agent. A seasoned real estate agent who is familiar with the local market and is skilled at matching client needs to available housing inventory in the area can be your most valuable resource. Know What You Want One of the primary ways you can help your agent find ...
By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Comments 4
Experts Say Home Prices Will Continue to Appreciate It’s clear that consumers are concerned about how quickly home values are rising. Many people fear the speed of appreciation may lead to a crash in prices later this year. In fact, Google reports that the search for “When is the housing market going to crash?” has actually spiked 2450% over the past month. In addition, Jim Dalrymple II of Inman News notes: “One of the most noteworthy things that came up in Inman’s conversations with agents was that every single one said they’ve had conversations with clients about whether or not the market is heading into a bubble.” To alleviate some of these concerns, let’s look at what several financial analysts are saying about the current residential real estate market. Within the last thirty days,...
By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Comments 3
3 Graphs Showing Why You Should Sell Your House Now There’s no doubt that 2021 is the year of the seller when it comes to the housing market. If you’re a homeowner thinking of moving to better suit your changing needs, now is the perfect time to do so. Low mortgage rates are in your favor when you’re ready to purchase your dream home, and high buyer demand may give you the leverage you need to negotiate the best contract terms on the sale of your house. Here’s a look at what’s driving this sellers’ advantage and why there’s so much opportunity for homeowners who are ready to move this season. 1. Historically Low Inventory The National Association of Realtors (NAR) explains:  “Total housing inventory at the end of March amounted to 1.07 million units, up 3.9% from February's inventory . ...
By Westchester Modular Homes Construction Corp, Westchester, Putnam, Rockland, Dutchess, Orange
(Westchester Modular Homes Construction Corp)
Comments 1
Join a LIVE GUIDED VIRTUAL TOUR of our design center, factory & sample homes on May 19th 2021 @ 5:00 PM... sign up for it at www.vt-sign-up.com today... explore how we can help you design and build your dream home... better, faster, smarter & greener... any size, style & layout... you imagine it, we build it...
By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Comments 1
Why Waiting to Buy a Home Could Cost You a Small Fortune Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing needs. To determine if they should buy now or wait another year, they both need to ask two simple questions: Do I think home values will be higher a year from now? Do I think mortgage rates will be higher a year from now? Let’s shed some light on the answers to these questions. Where will home prices be a year from now? If you average the most recent projections from the major industry forecasters, the expectation is home prices will increas...
By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Comments 3
Are Interest Rates Expected to Rise Over the Next Year? So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there’s a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here’s a look at what several experts have to say. Danielle Hale, Chief Economist, realtor.com: “Our long-term view for mortgage rates in 2021 is higher. As the economic outlook strengthens, thanks to progress against coronavirus and vaccines plus a dose of stimulus from the government, this pushes up expectations for economic growth . . . .” Lawrence Yun, Chief Economist, National Association of Realtors (NAR): “In 2021, I think rates will be similar o...
By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Comments 4
Why Short Sales Are Anything But Short  “Short sales” may have one of the most deceiving names in real estate. Any client who is undertaking the purchase of a short sale property will ask, “Why is this taking so long?” Short sales generally happen due to lapsed payments on a mortgage. In the short sale, the owners take a loss on the property, but it saves them from being foreclosed on by the bank. Many of these sales are circumstantial by divorce, or a sudden change in job. The seller asks the bank to take less money than the amount owed on the house in a short sale transaction.    If You’re Buying A Short Sale Property   If you have made an offer and the seller accepts it, your dealings are far from over in a short sale. The seller’s bank needs to approve the sale. Since the bank is lo...
By Westchester Modular Homes Construction Corp, Westchester, Putnam, Rockland, Dutchess, Orange
(Westchester Modular Homes Construction Corp)
Comments 0
Join Westchester Modular Homes tomorrow May 5th 2021 @5:00 PM for a LIVE GUIDED VIRTUAL TOUR of our design center, factory & sample homes... live Q & A session after tour... sign up now at www.vt-sign-up.com to participate... learn everything about the advantages of a custom designed modular home... Westchester modular homes builds any style & size homes... you'll be surprised what you can build for your budget...
By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Comments 3
Americans Find the Nonfinancial Benefits of Homeownership Most Valuable Homeownership is a foundational part of the American Dream. As we look back on more than a year of sheltering in our homes, having a place of our own is more important than ever. While financial benefits are always a key aspect of homeownership, today, homeowners rank the nonfinancial and personal benefits with even higher value. Recently, two national surveys revealed the reasons homeownership is such an important part of life. The top three personal benefits of homeownership noted by respondents in Unison’s 2021 report on The State of the American Homeowner are: 91% - feel secure, stable, or successful owning a home 70% - feel emotionally attached to the homes that have kept them safe over the past year 51% - call...
By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Comments 1
Should I Buy Now or Wait?  Some Highlights If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again. Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices and interest rates. Buying a home now means you’ll spend less in the long run. Let’s connect to put your homebuying plans in motion before home prices and mortgage rates climb even higher.
By Karen Ann Martin, Realtor Fall River Westport MA Real Estate Agent
(Safe Harbor Realty )
Comments 1
Westport Mass Homes for sale and real estate      Currently in Westport there is a short supply of homes for sale and an abundance of buyers looking for a home in Westport.  There are currently 19  homes for sale in Westport.  The lowest priced home, a farm on 12 acres with restriced agriculture use is offered at $200,000.  The highest priced home for sale in Westport is offered at 2.5 million. It is a Secluded 71 acre farm with an airplane hanger and 3 ponds. Close to East Beach.  As of this writing. In a normal real estate market pre - Covid there are generally 90-125 homes for sale in Westport .     Clearly the low supply and high demand are making it a sellers market. If you are thinking of selling and want To get top dollar it is a good time to sell.  In April, Westport homes had a...
By Suzanne Cutler, 617-549-5829, Braintree MA, Realtor, Real Estate
(Success! Real Estate)
Comments 5
https://www.aryeo.com/v2/35-willow-pond-dr-rockland-ma-02370-us-792953/brandedDon't miss out - Open House on Sat. May 1st and Sun. May 2nd 12-2 pm at 35 Willow Pond Drive, Rockland, MA  Contact Suzanne Cutler, Realtor617-549-5829
By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Comments 2
Is Home Price Appreciation Accelerating Again? At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize. The National Association of Realtors(NAR) reports that there are currently 410,000 fewer single-family homes available for sale than there were at this time last year. This has forced those who made appreciation forecasts this past January to amend those projections. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, the National Association of Realtors, and Ze...
By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Comments 1
Will the Housing Market Maintain Its Momentum? Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However, there could also be a simple explanation as to why existing home sales have slowed – there aren’t enough homes to buy. There are currently 410,000 fewer single-family homes available for sale than there were at this time last year. Lawrence Yun, Chief Economist at NAR, explains in the report: "The sales for March would have been measurably higher, had there been more inventory. Days-on-market are swift, multiple offers are prevalent, and buyer con...
By Zachary Parker, Real Estate Marketing Pro | SEO Gun for Hire
(ProSource Media)
Comments 1
The City of Boston is currently the 3rd most expensive rental market in the US behind New York and San Francisco.  Apartment prices have been steadily on the rise for over a decade due to a short supply of housing and a growing demand for apartment rentals.  This demand-growth has been fueled by increasing enrollment at local Universities and an ever-growing stream of VC funding towards Boston-based startups. 2020 marked the first year since the housing crisis where rent prices dipped in Boston.  The pandemic led to mass vacancies near Downtown and local Universities due to remote work and remote learning.  Vacancy rates climbed as high as 25% in Downtown, and still remain above 20% currently.  As a result, average rent for Downtown Boston apartments is down -21.45% YOY, Bay Village ren...
By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Comments 2
4 Tips to Maximize the Sale of Your House Homeowners ready to make a move are definitely in a great position to sell today. Housing inventory is incredibly low, driving up buyer competition. This gives homeowners leverage to sell for the best possible terms, and it’s fueling a steady rise in home prices. In such a hot market, houses are selling quickly. According to the National Association of Realtors (NAR), homes are typically on the market for just 18 short days. Despite the speed and opportunity for sellers, there are still steps you can take to prep your house to shine so you get the greatest possible return. 1. Make Buyers Feel at Home One of the ways to make this happen is to take time to declutter. Pack away any personal items like pictures, awards, and sentimental belongings. T...
By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Comments 2
This Isn’t a Bubble. It’s Simply Lack of Supply.  Some Highlights In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market. When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack of supply.” Today’s housing market is healthy, and rising prices are driven by real buyer demand. Let’s connect to talk about the best ways to navigate such an energetic market.

Massachusetts Real Estate Agents and Real Estate Professionals