Elimination of the mortgage interest deduction bad news for homeowners Reply

Republicans recently rejected language in their party’s platform committing to the preservation of the mortgage interest deduction (MID).   According to the Wall Street Journal, one of reasons cited by GOP was that it would make tax reform more difficult.

The presumptive Republican Party nominee for the presidency is campaigning on reforming the tax code, which includes the elimination of or limits to MID for high income earners.  At a private fundraiser in Florida, Romney said that he would eliminate MID for second homes. More…

Pioneer Valley July home sale data continues upward trend Reply

The Pioneer Valley real estate market continues to improve.

The REALTOR® Association of Pioneer Valley (RAPV) recently announced that July single-family home sales are up 9%, but median sales prices are down .8%.  These sales figures compare sales from July 2011 to July 2012 and reflect an upward trend as seen with previous months. More…

Pioneer Valley home sales and pending home sales data indicate real estate market continues to get stronger Reply

Pioneer Valley

Second quarter sales data from the REALTOR Association of the Pioneer Valley demonstrate an increase in closed units and pending transactions.

Pioneer Valley single-family home sales figures continue to rise, according to 2nd quarter sales data from the REALTOR® Association of Pioneer Valley (RAPV). Although median prices for single family homes are down 1.7% overall, home sales are up 26.8%. More…

How student loan interest rates affect the real estate market Reply

UMass Amherst.

The rise in student debt is a concern for economists looking at the future of the real estate market.  If Congress fails to act and allows the interest on student loans to double on July 1, it will make buying a home harder for college grads. More…

Spring has sprung; Real estate market shows signs of new life. Reply

April sales numbers demonstrate that the real estate market continues to improve across the nation and in Massachusetts.  Single-family home sales and median home sales were up across the country and in the commonwealth.  Although April single-family home sales were up in the Pioneer Valley, median home prices were down. More…

Lending standards need to ease for real estate to rebound with economy. Reply

With spring now here, more and more home buyers will begin looking for homes and home sellers will begin preparing their homes for the market.  Economists at the National Association of REALTORS® (NAR) state (and I agree) that there is a lot of pent-up demand as potential home buyers held off on buying a home in a tough economy break loose of their chains. More…