Why Aren’t Home Prices Crashing? There have been a lot of shifts in the housing market recently. Mortgage rates rose dramatically last year, impacting many people’s ability to buy a home. And after several years of rapid price appreciation, home prices finally peaked last summer. These changes led to a rise in headlines saying prices […]
What Buyer Activity Tells Us About the Housing Market
What Buyer Activity Tells Us About the Housing Market Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News: “Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains stronglargely due to the shortage […]
2 Things Sellers Need To Know This Spring
2 Things Sellers Need To Know This Spring A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind. 1. Houses That Are Priced […]
What You Should Know About Rising Mortgage Rates
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 […]
Is February the new April?
Is February the new April? Is February the new April? Well, in the real estate market, the short answer is YES!! The “Spring Market” which most people relate to the April time-frame has historically been the busiest season for buying and selling as most home sellers and home buyers come out of their winter hibernation […]
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 […]
The Pro's Real Estate Team breaks an all-time company record!
We are excited to announce that The Pro’s Real Estate Team has officially broken an all time company record for homes sold in one month. We surpassed our previous company record and successfully helped 12 families buy or sell a home in the month of August! That’s a closing every 2.5 days this month! With […]
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 […]