All About Massachusetts Real Estate

By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Mistakes That First-Time Homebuyers Make  If you’re buying your first home, there are plenty of things that you’ll need to know. Being informed will allow you to avoid some of the most common mistakes that first-time homebuyers make. These errors and their remedies can be found below. Don't join the crowd and make an error, know before you buy.    They Don’t Have Enough Funds   Every homebuyer plans for mortgage payments. Not every buyer plans for all of the other costs that go along with buying a home. Just because you can afford mortgage payments doesn't necessarily mean that you can afford the house.    There’s so much financially that goes into owning a home. You’ll need to plan for things like home maintenance, insurance, taxes, closing costs, and more. All of this will need to be ...
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By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Hope Is on the Horizon for Today’s Housing Shortage The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates it’s a buyers’ market, but an inventory level below that threshold means we’re in a sellers’ market. Today’s inventory level sits far below the norm. According to the Existing Home Sales Report from the National Association of Realtors (NAR): “Total housing inventory at the end of April amounted to 1.16 million units, up 10.5% from March's inventory and down 20.5% from one year ago (1.46 million). Unsold inventory sits at a 2.4-month supply at the current sales pace, slightl...
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By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Have Your Day in the Sun by Moving Up This Summer  Some Highlights Longer days and sunny weather mean summer is upon us, and what better conditions than right now to upgrade to the home of your dreams? If your needs have changed, it’s a great time to upgrade – there’s likely high demand for your current house, and today’s low mortgage rates can help you afford your dream home. If you’re ready to upgrade to a home that matches your changing needs, let’s connect today.
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By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Why This Is Not Like 2008 Again During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy. The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small businesses. However, it hasn’t rattled the world economy. It seems that a year later, things are slowly getting back to normal for many companies. Why is there a drastic difference between 2008 and now? In a post from RealtyTrac, they explain: “We changed the rules. We told banks they needed more reserves and that they could no longer underwrite toxic mortgages. It turns out that regulation — properly done —...
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By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Home Price Appreciation Is as Simple as Supply and Demand Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand for housing is up while the supply of homes for sale hovers at historic lows. Let’s use three maps to show how this theory continues to affect the residential real estate market. Map #1 – State-by-state price appreciation reported by the Federal Housing Finance Agency (FHFA) for the first quarter of 2021 compared to the first quarter of 2020:As the map shows, certain states (colored in red) have appreciat...
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By Westchester Modular Homes Construction Corp, Westchester, Putnam, Rockland, Dutchess, Orange
(Westchester Modular Homes Construction Corp)
You are invited to join a LIVE VIRTUAL TOUR of our design center, factory & sample homes on June 16th 2021 @ 6:30 PM... sign up for the tour at www.vt-sign-up.com today... LIVE Q&A session right after the tour... learn everything you always wanted to know about custom designed modular homes... we will help you create your dream home... any style, size or budget... we build custom designed modular homes throughout the Northeast... PA, NJ, NY, CT, RI, NH, VT, MA, ME... contact us for a complete list of factory trained and authorized builders in your area... we work with Realtors and offer written guarantees... all of our homes carry a 2-10 home buyers warranty... this includes a 10 year structural warranty covering against any defects of all load bearing elements above the foundation...
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By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
How to Avoid a Home Selling Fiasco  For those who want to enjoy a fast, profitable and seamless home selling experience, there is no need to worry. In fact, there are many things that you can do to minimize the risk of a home selling fiasco, and these include: 1. Conduct a Home Inspection A house inspection usually is completed after a seller accepts a buyer's offer to purchase a residence. At this time, a buyer typically requests an inspection to identify any underlying house issues. If a buyer is satisfied with the inspection results, he or she likely will proceed with a home purchase. Or, if a buyer encounters myriad home problems, this buyer may reconsider his or her offer to purchase a residence. By conducting a home inspection before you list your house, you can immediately identi...
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By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Why You May Want To Cash in on Your Second Home When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost overnight. Zelman & Associates recently reported that sales of primary residences grew by 9% in 2020. That increase in demand was met by the lowest supply of homes for sale in history. High demand and low supply caused prices to skyrocket over the past twelve months. Here are three home price indexes released most recently that show how home values have risen: FHFA Agency House Price Index shows a 13.9% increase CoreLogic Home Price Insights R...
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By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Top Reasons To Own Your Home  Some Highlights June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home. If you’re thinking of buying a home, it might just help you find the stability, community, and comfort you’ve been searching for over the past year. Let’s connect today to determine if homeownership is the right next step for you.
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By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Dreaming of a Bigger Home? Why Not Buy It This Year? Are you clamoring for extra rooms or a more functional floorplan in your house? Maybe it’s time to make a move. If you’ll be able to work remotely for the long-term or your overall needs have simply changed, it’s a great time to sell your house and move up. Why? With mortgage rates in their favor and higher-priced home sales powering more moves across the country, sellers in today’s market are finding the space they need (and have always dreamed of) by purchasing a home in the upper end of the housing market. With so few homes available for sale and high demand from today’s homebuyers, sellers are profiting in major ways this season. Bidding wars are gaining traction, driving up the sale price of more and more homes throughout the cou...
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By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
What’s Motivating People To Move Right Now? This year, Americans are moving for a variety of reasons. The health crisis has truly reshaped our lifestyles and our needs. Spending so much more time in our current homes has driven many people to reconsider what homeownership means and what they find most valuable in their living spaces. According to the 2020 Annual National Movers Study: “For customers who cited COVID-19 as an influence on their move in 2020, the top reasons associated with COVID-19 were concerns for personal and family health and wellbeing (60%); desires to be closer to family (59%); 57% moved due to changes in employment status or work arrangement (including the ability to work remotely); and 53% desired a lifestyle change or improvement of quality of life.” With a new p...
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By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Reasons to Err on the Side of Caution When You Buy a Home  Looking to buy a house in the next few months? Ultimately, a cautious approach to purchasing a residence may prove to be ideal, and perhaps it is easy to understand why. There are many reasons to err on the side of caution as you search for your dream house, including: 1. You don't want to pay too much for a house. Although acquiring your dream house may seem priceless, it is important to remember that the costs to purchase a residence can add up quickly. As such, if you're not careful, you risk overspending on a house. Lucky for you, there are many simple ways to avoid the temptation to bid too much on a residence. First, analyze the housing market closely and search for patterns and trends. If you discover an abundance of hous...
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By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
6 Reasons to Celebrate National Homeownership Month Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point in 8 years. As National Homeownership Month kicks off this June, homeowners have every reason to celebrate. A survey by Gallup just ranked real estate as the best investment you can make for the eighth year in a row. However, unlike other investment options, the benefits of owning a home aren’t purely financial. Here are the top ways Americans are winning by owning a home. Non-Financial Benefits: 1. Civic Participation: Owning a hom...
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By Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Berkshire Hathaway HS Robert Paul Prop
(https://teamcoker.robertpaul.com)
Women, Defining your Purpose? A FREE Workshop Online 6-3-21 with a Christian focus 2 Hour Free Workshop: Write Your Own Life Purpose StatementGain confidence, clarity, and joy in knowing YOUR specific purpose. Learn from Professional Christian Life Coach Hala SahlmanIt's time to break free from the mold others have squeezed you into, and FINALLY be EXACTLY who YOU specifically were created to be.Are YOU ready!?Sign up here to write YOUR own Statement of Purpose  Here's what you'll learn... - The definition of "purpose."   You might be surprised to learn that purpose has a lot less to do with a job or career path and a lot more to do with who you were created to BE.   - What makes knowing your purpose so important.   We'll discuss what you can gain from knowing your purpose, and how your...
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By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
We Remember, Today and Always We remember and honor those who gave all. "... And if words cannot repay the debt we owe these men and women, surely with our actions we must strive to keep faith with them and with the vision that led them to battle and to final sacrifice." –Ronald Regan
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By Karen Ann Martin Realtor Safe Harbor Realty, Realtor Fall River & Westport MA Real Estate Agent
(Safe Harbor Realty )
Fall River Mass Homes for sale and real estate    Currently in Fall River Mass there is a short supply of homes for sale and an abundance of buyers looking for a home to buy in Fall River.  There are currently 23 single family homes for sale in Fall River.  In a normal real estate market pre - Covid there are generally 125 -150 single famiy homes for sale in Fall River.  The low supply of homes offered for sale and the high demand of home buyers continue to make it a seller’s market.        Thinking of selling and want to get top dollar it is a good time to sell.  Visit my website  How to get Top Dollar when you sell.   23 Homes sold in Fall River in May 2021. Of the 23 homes, most sold for full price or slightly over asking price.   Open House in Westport MA held by Karen Martin of Saf...
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By Karen Ann Martin Realtor Safe Harbor Realty, Realtor Fall River & Westport MA Real Estate Agent
(Safe Harbor Realty )
 Dartmouth, Mass Homes for sale and real estate    Currently in Dartmouth Mass  there is a short supply of homes for sale and an abundance of buyers looking for a home to buy in Dartmouth.  There are currently 37 homes for sale in Dartmouth.  In a normal real estate market pre - Covid there are generally 125- 150 homes for sale in Dartmouth.  The low supply of homes offered for sale and the high demand of buyers continue to make it a seller’s market. If you are Thinking of selling and want to get top dollar it is a good time to sell.  Visit my website  How to get Top Dollar when you sell.    20 homes sold in Dartmouth Ma in May 2021 . Of the 20 homes, 17 homes went for $20,000- $25,000 over asking price.Open House in Westport MA held by Karen Martin of Safe Harbor Realty May 2021, had 4...
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By Karen Ann Martin Realtor Safe Harbor Realty, Realtor Fall River & Westport MA Real Estate Agent
(Safe Harbor Realty )
 Westport Mass Homes for sale and real estate    There is a short supply of homes for sale in Westport and an abundance of buyers looking for a home to buy in Westport.  There are currently 22 homes for sale in Westport.  In a normal real estate market pre - Covid there are generally 90-125 homes for sale in Westport Mass.  The low supply of homes offered for sale and the high demand of buyers continue to make it a seller’s market. If you are thinking of selling and want to get top dollar it is a good time to sell.  Visit my website  How to get Top Dollar when you sell.    And get a Free Valuation report for your home. Not only will the report give you your home' value. You will also see how long it can take to sell and how much money you can walk away with.  10 homes sold in Westport i...
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By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
Homes Across the Country Are Selling Fast  Some Highlights In today’s whirlwind real estate market, houses are selling at astonishing speed – from sea to shining sea. Four years ago, the average house spent 39 days on the market. Two years ago, homes were on the market for about 24 days. Today, that number has dropped to just 17 short days. If you’re looking to sell your house quickly and on the best possible terms, today’s market can’t be beat. Let’s connect to discuss how to secure a speedy, top-dollar sale for your house.
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By Joseph D. Federico, Eastern Massachusetts Real Estate
(Donahue Real Estate Co.)
How Misunderstandings about Affordability Could Cost You There’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on affordability from the National Association of Realtors (NAR) shows homes are more affordable today than the historical average, some still have concerns about whether or not it’s truly affordable to buy a home right now. When addressing this topic, there are various measures of affordability to consider. However, very few of the indexes compare the affordability of owning a home to renting one. In a paper just published by the Urban Institute, Homeownership Is Affordable Housing, author Mike Loftin examines whether it’s more affordable to buy or rent. Here are some of the highlights included. 1. Rent...
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Massachusetts Real Estate Agents and Real Estate Professionals