Low inventory a challenge for Amherst and Five Colleges area home shoppers Reply

Single-family inventory is low in Amherst and other Five Colleges area towns, but buyers are still out looking to make a purchaseSo if you are planning on selling your home, don’t wait until Spring.  Now is the time to list your property for sale. More…

Video more important to today’s home buyer Reply

Video has become an important aspect of real estate marketing, according to a joint study conducted by Google and the National Association of REALTORS (NAR).  I have been writing about the benefits of marketing your home in video, since 2010.  The Google/NAR study takes it a step further by delving deeper into internet home buyer shopping behavior. More…

New rules regarding mortgage servicing and “qualified mortgages” could be good for Pioneer Valley home sales Reply

The new rules regulating mortgages servicing recently released by the Consumer Financial Protection Bureau (CFPB) offer new protections for homeowners facing foreclosure, but could also make getting a mortgage even more challenging than it already is by increasing borrowing costs and restricting credit availability. Similarly, new regulations regarding a category of mortgage known as a “qualified mortgage” may have unintended consequences as well.  The new rules will take effect on January 10, 2014. More…

Pioneer Valley single-family home sales increase 17.6% in 2012 Reply

Pioneer Valley single-family home sales were up 17.6% with a slight drop in median home prices in 2012 when compared with sales figures from 2011, according to the REALTOR® Association of Pioneer Valley (RAPV).   Single-family home sales increased from 3,868 with a median sales price of $180,000 in 2011 to 4,551 home sales with a median sale price of $178,500.   Below is a chart of the sales figures by county. More…

Amherst real estate market improved markedly in 2012. Reply

More Amherst single-family homes sold in 2012 than in 2011; while median home prices decreased, according to MLS Property Information Network data.  There were also more condominium sales in 2012, but with an increase in median sale prices. Land sales also increased. More…

Thirty-year fixed mortgage interest rates forecasted to rise above 4% in 2013 Reply

Now may be a good time to commit to buying a home in the Pioneer Valley and get locked into today’s historically low interest rates as economists are starting to forecast that 30 year fixed mortgage interest rates will rise above 4% in 2013. More…

Belchertown sees increase in single-family home and condo sales in 2012, decrease in new single-family building permits Reply

The town of Belchertown saw an increase in the number of single-family sales and a slight increase in median home prices in 2012, but there was also a decrease in new building permits.   The Belchertown condo market also saw an increase in the number of sales. More…

Hampden County year-end home sales figures by town at a glance Reply

See how sales of single-family homes fared in your Franklin County town below.  Using data from MLS PIN, I included the total number of sales for each town in Franklin County in 2011 and 2012.  Also included is he average price per foot of living space and the average days on market.  This data is for information purposes only.  It should not be used to price your home.  If you would like to know what homes comparable to yours are selling for, call me at 413-531-7129 or email me at michael.seward@comcast.net. More…

Franklin County year-end single-family home sales figures by town at a glance. Reply

See how sales of single-family homes fared in your Franklin County town below.  Using data from MLS PIN, I included the total number of sales for each town in Franklin County in 2011 and 2012.  Also included is he average price per foot of living space and the average days on market.  This data is for information purposes only.  It should not be used to price your home.  If you would like to know what homes comparable to yours are selling for, call me at 413-531-7129 or email me at michael.seward@comcast.net. More…