What You Should Know About Rising Mortgage Rates After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, […]
Housing Supply Is Rising. What Does That Mean for You?
Housing Supply Is Rising. What Does That Mean for You? An important factor in today’s market is the number of homes for sale. While inventory levels continue to sit near historic lows, there are indications we may have hit the lowest point we’ll see. Odeta Kushi, Deputy Chief Economist at First American, recently said of […]
The Inside Scoop about Today’s Biggest Buyer Concerns
The Inside Scoop about Today’s Biggest Buyer Concerns Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home. The […]
Absorption Rate in Real Estate and what does it means for you?
Absorption Rate in Real Estate and what does it means for you? In the real estate industry, the absorption rate is used to measure the demand of real estate. The absorption rate basically helps us determine how long it takes for houses to sell in a specific area. This could be a city or town, […]
News You Can Use – February 2018
Rutland Area Real Estate Market Review
Rutland Area Real Estate Market Review How does this year compare to how the market was last year at this time? —–> 2017 YTD vs. 2016 January 1st to October 25th <—– So far 74 homes have closed this year which is 2 more homes that sold for the same time period last year! With almost 30 properties […]
Hubbardston MA Area Market Review
Hubbardston MA Area Market Review —–> 2017 vs. 2016 – As of October 20, 2017 <—– So far 40 homes have closed this year which is an increase of almost 18% over last year! The Hubbardston area is picking up and more people are moving to the town. Although people are buying, those houses that […]
Single-family homes and condos hit highest ever median sale price in Massachusetts
Massachusetts statewide median price for a single-family home was $372,000 This real estate market is on fire. Prices have steadily been increasing, rates have been decreasing. Whether you are looking to buy or sell, there is a great opportunity out there for you. The Warren Group collects and compiles data on real estate sales and […]
Home for Sale & Sold Report for Sterling | April 2016
Home for Sale & Sold Report for Sterling | April 2016 We hope you had a great April! The real estate market was busy last month in the town of Sterling A total of 6 homes SOLD in the month of April which is up from 5 that SOLD in March. The average sales price last month was $314,598 which […]
Home for Sale & Sold Report for Princeton | April 2016
Home for Sale & Sold Report for Princeton | April 2016 We hope you had a great April! The real estate market was busy last month in the town of Princeton A total of 5 homes SOLD in the month of April which is up from 3 that SOLD in March. The average sales price last […]