Single-family home sales in Weymouth, Massachusetts increased 45.6 percent in the first quarter compared to Q1 2008, climbing from 46 sales to 67. Sales were up from 66 in the first quarter of 2006 and down from 74 sales in the first quarter of 2007. The median price of a single family home in We
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04/23/2009
Compared to the first quarter of 2006, the median price of a single-family home in Haverhill, Massachusetts declined 23.9 percent in the first three months of 2009. Compared to the first three months of 2008 ($270,500), median price was down a modest 5.76 percent in the first quarter of 2009 ($2
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04/23/2009
The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.The 2009 home buyer tax credit is much improved compared to the 2008 version.Th
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03/01/2009
Single-family home sales in Massachusetts dropped 10.3 percent in January while median prices plummeted by 20.2 percent compared to January 2008, The Warren Group, publisher of Banker & Tradesman, reported February 24, 2009.The Massachusetts median home price dramatically dropped to $259,250 from
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02/27/2009
Democrats in the U.S. House of Representatives disagree on legislation to let bankruptcy judges reduce the principal and interest rate on mortgages for debt-strapped homeowners, the Associated Press reported February 26, 2009.President Barack Obama supports the measure, the most controversial par
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02/26/2009
President Obama announced in Phoenix February 18, 2009 a $75 billion plan, backed by taxpayer money, to prevent foreclosures across the U.S. One part of the foreclosure prevention plan will ease refinancing for people who owe more on their mortgages than their homes are currently worth. Another p
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02/18/2009
The median price of a single-family home in Acton, MA rose 0.75 percent in 2008 compared to 2007, rising from $549,900 to $554,053. The median home price in 2005 was $614,116. Home sales in Acton, MA declined 10.1 percent in 2008, falling from 167 sales in 2007 to 150 sales. Single-family home sa
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02/06/2009
Where do you think the real estate market in Massachusetts is headed?Give me your thoughts. Take a five-minute survey. Thank you!
02/06/2009
I received the following in an email from a Beverly, MA real estate agent today. “Some people say they want to wait for a clearer view of the future. But when the future is again clear, the present bargains will have vanished. In fact, does anyone think that today’s prices will prevail once full
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02/06/2009
The National Association of Realtors® (NAR) announced its support February 3, 2009 for new legislation introduced by House Financial Services Committee Chairman Barney Frank, D-Mass., that is designed to ease loan modifications and improve refinancing options for homeowners facing foreclosure by
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02/05/2009