Homes sell in winter, so keep your home on the market Reply

As the holidays approach, many home sellers are contemplating taking their homes off the market for the winter with the plan of trying again in spring.  But is this really a wise decision?  Could home sellers be missing out on an opportunity to sell their home?  According to sales records on MLS PIN (Multiple Listing Service Property Information Network), homes continue to sell in the winter months. More…

September condo sales are up in Massachusetts, but Pioneer Valley condo market still struggling Reply

Condominium sales were up in September 10.4% compared with last year, according to the Massachusetts Association of REALTORS® (MAR). The organization stated that there were 134 more condo units sold in September 2012 than in September last year. However, Pioneer Valley condo sales figures remain basically flat. More…

Median home prices in Hampshire and Franklin Counties are up, but down in Hampden County Reply

Pioneer Valley single-family home sales were up again in September with a 14.4% increase in closed units over the same period last year, but median prices were down 8%, according to numbers released from the REALTOR® Association of Pioneer Valley (RAPV).    Although median single-family home prices were down overall, they were up in Hampshire and Franklin counties.  On average, overall Massachusetts median single-family home prices were also up. More…

Pioneer Valley home sales numbers continue upward trend, interest rates at record lows. Reply

Single-family home sales climbed 11.9% and median home prices dropped 3.1% in the Pioneer Valley, according to the REALTOR® Association of Pioneer Valley (RAPV) third-quarter single-family sales report.    The news comes as the Massachusetts Association of REALTORS® (MAR) announced that pending transactions were up 26.07% when compared to the same time last year.

“September’s strong activity increases the likelihood More…

Loan requirements still strict, but economists optimistic about real estate market recovery Reply

In numerous blog posts, I have written how lending standards are still too strict for low interest rates to have the positive impact on the real estate market that it has had in the past. Now a syndicated columnist for the Washington Post has noted that, in some areas, loans requirements are getting even tighter. However, there is also good news.

Here are some key facts cited by columnist Kenneth R. Harney, who looked at data compiled by a mortgage technology firm More…

Mortgage interest rates to remain low, but proposed lending rules too restrictive Reply

A combination of the stagnant state of the economy and the European debt crisis will keep mortgage interest rates low through 2013, according to a recent news article.  According to Freddie Mac, as of the end of August, the mortgage rates for a 30-year fixed-rate mortgage (FRM) averaged 3.59% with an average of .6 points. In August 2011, the interest rate for a 30 year FRM was 4.22% with an average of .7 points. More…

Pioneer Valley single-family home sales continue to improve; Median home prices down Reply

The REALTOR® of the Pioneer Valley (RAPV) has reported that single-family home sales jumped 8.9% with median prices dipping 3.5%. These figures compare single-family sales figures with a year ago.

Here is the breakdown by county. More…

Mortgage interest deduction still vulnerable despite so-called “compromise language” on RNC plank Reply

A couple of weeks ago, I wrote about how the Republican National Committee (RNC) voted not to commit to the preservation of the mortgage interest deduction (MID).

According to press reports, the National Association of REALTORS® and other real estate industry groups were victorious in getting the RNC to adopt some “compromise language”. More…

Rising costs of tuition can be mitigated by investing in real estate Reply

College costs are rising faster than prior years.  In the past two years alone tuition for a 4-year university public schools has risen 15% and 10% for private schools.   New graduates are also assuming more debt making it harder for echo-boomers to buy a home.   Investing in a second home near your student’s college offers a solution to these challenges. More…