Rate Forecast for September 21, 2010 - Improving, or...? Here are some of the events affecting mortgage rates today: What Mortgage Backed Securities (MBS) Are Doing Today: The price of the FNMA 30-Year 4.0% MBS coupon opened at 102.50 this morning - the same as yesterday's close. At 9:30 AM, the 4.0% MBS coupon was trading at 102.66 - up 5/32 from its opening. Remember, on mortgage backed securities (MBSs), as the price goes up, the yield comes down - and so do mortgage rates. I expect that mortgage rates will be up to 0.25 points better in price this morning as compared to yesterday afternoon. Price Trend in Mortgage Backed Securities: The chart below shows the price trend of the FNMA 30-Year 4.0% coupon over the past 30 days from 8-22-2010 to 9-21-2010: Economic Reports, News, and Eve... 09/21/2010

The Trend in Home Sales in Rehoboth MA - Improving, or...? Home prices in Rehoboth on average are falling! Home prices are down 5.0% since August of 2009. The current average listing price of homes for sale in Rehoboth MA is $494,408, down 0.5% from a month ago. Compare this to the current median sales price of $250,101 - where half of sales are above this amount and half below it. Below is a chart of the trend of median prices of homes for sale in Rehoboth MA over the past year through August 2010: Rehoboth Recently Sold Homes The number of sales for all homes for sale in Rehoboth is down 0.5% from year ago levels: Rehoboth Recently Sold Homes So what does all this mean? Well, if you're looking for a home in Rehoboth, you can probably find a bargain as prices and sales are down. Still,... 09/21/2010

In reviewing the buyer surveys on today's market. Sellers ponder this question: How can I net the most money for my house in the shortest period of time, after all "I am not going to give it away".Here are 10 tips:1. Hire the Right Agent- he or she will give you sound advice, recommend pricing strategies and market your home to the right demographic of those more likely to buy your home.2. Spruce up and De-Clutter- we are in a price war and a beauty pageant. Your home must smell and look clean. Rent some storage space if you must. Put away personal photos, think like a buyer. Everything must be neat and orderly, showing off the space. According to the National Association of Realtors, this alone will cause a home to sell for a better price and more quickly. Make a lasting impression wit... 08/26/2010

Remember When? Rehoboth in the 70's..just for fun! Rehoboth Massachusetts Real Estate  Remembering memories of Childhood and Teens. Things were so different and change is constant: When gasoline was under a buck a gallon Levi's jeans and coudory's  were the bomb When my first car I had to pay for myself. a 1972 Toyota corolla- banana yellow $150.00 My first job, Almacs supermarket cashier Jack in a box- favorite fast food Drive in movies in Raynham Cheapskates Roller rink- Friday night must and couldn't text my friends, we made the plans at least a day in advance no cell phones- mom used to say make sure you have money for a pay phone and if you get stuck somewhere, lock your doors and stay in your car anyone could smoke anywhere Sunday church mandatory! no exceptions. Sunday paper was ... 08/24/2010

The Rehoboth Agricultural Fair has been an operating fair in some form or fashion for over 60 years. Even though throughout the late 1990's and early 2000's the Fair had no permanent home, its board of directors kept on searching for the perfect location to re-create the country fair atmosphere. In 2004 the Fair finally found a home on long time directors Richard and Robert Pray's family farm 76 Almeida RoadRehoboth, Massachusetts This weekend August 5-8 are the dates. As a child I remember when the fair was held at the Taunton Dog Track, maybe some of you remember as well. Kiddies Day was a favorite.  All you can eat hot dogs, hamburgers, ice cream sandwiches, Free Rides for all the kids. The 4H contests , Country Music, Horse Show, Great Food, Rides, Ice Cream, Round up all favorites ... 08/06/2010

Rehoboth Massachusetts Real Estate Market Reports for 2009 Single Family Home Sales The Rehoboth, MA real estate market report indicates that there were 53 homes sold in 2009 as compared to 75 in 2008. This represents a 29% decrease in the number of homes sold. The average sales price changed from $396378 in 2008 to $317016 in 2009, a 20% decrease in value. The days on market changed 4 % from 183  to 191. Visit Rehoboth MA real estate for information about the community, relocation, demographics, MLS search, home buying and selling guides.   Go to Rehoboth MA homes for sale to view current listings of homes, condos, multi-family and land listings.   The Rehoboth MA real estate report was compiled by Virtual Homes Real Estate.  The data was extracted from the MA MLS (MLSPin) and is not ... 07/29/2010

Trend in Home Sales in Rehoboth MA Through May 2010 According to Trulia.com, sales prices of homes in Rehoboth have decreased 12.7% over the past year through May 2010. The current average listing price of homes for sale in Rehoboth MA is $490,648, while the current median sales price is $275,000. The median sales price is the price at which one half of the homes sold above that amount, and one half of the homes sold below that amount. Below is a chart of the trend of median prices of homes for sale in Rehoboth MA over the past year through May 2010: Rehoboth Recently Sold Homes Below is a chart of the trend in home sales in Rehoboth MA over the past year through May 2010: Rehoboth Recently Sold Homes If you're looking to buy a home or condo in Rehoboth MA or in the surrounding area, th... 06/11/2010

Mortgage Rate Forecast for June 11, 2010 Here are some of the events affecting mortgage rates today: What Mortgage Backed Securities Are Doing Today: The price of the FNMA 30-Year 4.5% MBS coupon opened at 102.06 this morning - 13/32 less than yesterday's close. At 9:30 AM, the 4.5% MBS coupon was trading at 102.38 - up 10/32 from its opening. Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage rates. I expect that mortgage rates will be up to 0.25 points worse in price this morning as compared to yesterday. Price Trend in Mortgage Backed Securities: The chart below shows the price trend of the FNMA 30-Year 4.5% coupon over the past 30 days from 5-13-2010 to 6-12-2010: Economic Reports, News, and Events Affecting Mortgage Intere... 06/11/2010

Sellers- Hire an agent that markets to the right buyers- Rehoboth MA homes    Are there things we should do to our home to help ensure the maximum price? Yes. There is a benefit to making sure your home looks its best prior to offering it for sale. There are also small remodeling jobs that will pay off at resale. I can advise you about specific improvements that will increase your home's marketability and value.  How often will you advertise our property? Hire an agent that doesn't just list homes, but is pro-actively marketing. Be sure your home is marketed  to potential buyers around the clock, 24 hours a day, 7 days a week.Reach the types of buyers most likely to purchase your home. Hire an agent who maximize the power of the Internet  Do I or my listing agent need to be present for ... 03/23/2010

Selling Your Home The Right Way and marketing to the best buyers- Rehoboth Massachusetts Listing Agent/Realtor Frequently Asked Questions from Home Sellers-   Are there things we should do to our home to help ensure the maximum price?   Yes. There is a benefit to making sure your home looks its best prior to offering it for sale. There are also small remodeling jobs that will pay off at resale. I can advise you about specific improvements that will increase your home's marketability and value.   How often will you advertise our property? Be sure your agent just doesn't want a sign in your yard.  I will make sure your home is marketed to potential buyers around the clock, 24 hours a day, 7 days a week. I will customize a marketing plan to reach the types of buyers most likely to purchase... 03/23/2010

2009- Real Estate Success Stories - Taunton-Rehoboth-Lakeville--Berkely Area Massachusetts I am so humbled and thankful for my career in Real Estate. I am also so rewarded by helping people achieve their home buying and selling dreams. The opportunities were so phenominal for those who moved swiftly. Reflecting on 2009- I , love helping people and am so rewarded ..equally by both the monetary reward and the feeling that I helped...An investor client of mine rennovated 3 distressed properties and made some serious profit.. A first time buyer client from early this year bought a home for $150,000 put about $10k of sweat equity into a kitchen, paint and some minor fixed now conservatively worth $215k.  A home seller of  thought he was "giving" his house equity  away.unfortunately the marke... 12/30/2009

Rehoboth MA Homes and Real Estate Market Activity - YTD (11/30/2009) There were 44 Rehoboth MA Real Estate homes sold YTD in 2009 with an average sales price of $327,626 and an average days on market (DOM) of 207. The selling range was a low of $135,000 and a high of $915,000. As of November 30, there were 61 homes on the market with an average list price of $432,207, and an average DOM of 232. There were 10 homes under contract with an average price of $275,545 and an average DOM of 114. Additional resources: Rehoboth MA Real Estate - Community, relocation and school information with town demographics. Rehoboth MA Foreclosures - Obtain a list of foreclosed and bank owned real estate and short sales Rehoboth MA MLS Search - View all listings in the statewide MLS.  For a condo search, vi... 12/28/2009

Free House Value, Market Analyis Report and Market Trends for Rehoboth MA from a Top Realtor in the Rehoboth Many home owners want to know what their home is worth. When you go to this website, simply fill  in the form and you will recieve a market snapshot of homes that were sold and homes that are under contract for Rehoboth MA. Sign up to recieve email updates on monthly marketing trends too. We  don't use "strong-armed" sales approach.. we consult and educate and will not hound you! http://www.Rehobothhousevalue.com Free House Value, Market Analysis Report and Market Trends for Rehoboth MA from a Top Realtor in the Rehoboth You can also email lorilincoln@kw.com http://www.Rehobothhousevalue.com 508-878-0917 Free House Value, Market Analyis Report and Market Trends for Rehoboth MA fr... 07/23/2009

Since 2006, I have sold in excess of 40 homes.  I don't say this to brag,because there are some who have sold more and some less,  but I say this  to urge you sellers  to trust the professionals in this field, we don't just pull data from the air, we professionals give good facts of record to our sellers. So you should rely on the  professionals in real estate and their knowledge.  The same way you rely on a good doctor to determine your illness. I sometimes meet home sellers that believe that their homes are worth far more than what a buyer will pay. .. Home selling is in most waysis  just like selling any other product. Supply and Demand and what the buyers are willing to pay. Home Buyers, like buyers for most products want to see value supercede price. It doesn't matter what you put ... 07/11/2009

I heard this statement today " There are 2 buyers now for every property"  and now I know how to communicate this news to the sellers, buyers  and agents that may not be aware: Did you know that there are now 2 buyers for every house on the market? Yes, the buyer and the bank. We can prevent what we can predict. And yes homes get sold if we prepare all parties with the following information:  1. Title 5- Did you know that now the title 5's are scrutized by the underwriters at the bank? Did you know that if the system passes, and it is older, some banks won't accept an out of date plan.. the Title 5 inspector's new design is sometimes acceptable, sometimes though requires an engineer? 2. Appraisals- Even if an appraisal comes in at sales prices, the appraisals are reviewed, reviewed, rev... 06/18/2009

WoW! What a month! May was an extremely busy month for me and many agents in my area. Three of my listings had multiple offers.. I never thought I'd see this again. It just proves a point.. 80% of the homes on the market are priced out of the market 20% will sell in a timely manner. There are homes IN the market.. then there are homes that are just ON the market. Buyers appreciate homes in great condition, nicely located real estate that is priced fair. The $8000.00 tax credit with great interest rates for buyers has also helped.  Higher end homes do not seem to be moving as quickly.   Stay tuned for the May 2009 Market reports which I will post this week for Assonet, Berkley, Taunton, Rehoboth, and Somerset.   ____________________________________________________________________________... 06/07/2009

What a complex undertaking. So many questions, not enough answers Here's what I interpret so far: 1. An $8000.00 tax credit will be awarded to first time home buyers who buy a home between December 2008 and December 2009. The credit will be awarded to new homeowners who haven't owned a home in over 3 years. 2. Foreclosures: Millions of distressed homeowners will be helped through interest rate reductions, principal balance reductions and more. The government is urging or mandating banks to reduce monthly payments on loans to 31% of the borrowers income and fix this payment for 5 years or more.   The big question: Will this bill really help reduce the number of foreclosures? My take: If the rest of the stimulus package works, market values of homes may start to stabilize in some parts of... 02/18/2009

I met with a woman this past summer that was 3 months past due with her mortgage. I recommended that she call the bank and see if she can get them to help her stay in her home. She lost her high paying job, took a new job that where she was earning far less than what she was when she first bought her home.  Further, she has a pay option arm mortgage. The homeowner called me this morning and informed me of how grateful she was: She worked out minimum monthly payment agreement for 6 months with her mortgage company last month. However... This month she couldn't make the payment again, but she called her bank.  She indicated that the Loss Mitigator was compassionate and understanding. The bank gave her another agreement for 6 months until she "got back on her feet". this time,  the bank lo... 01/30/2009

Is stabilization around the corner?  Someone approaches me at least once a day regarding the state of the market. Nobody has a crystal ball. When the market changes, nobody will know it until they look back. It happens fast. There are basic opinions on this: The first is that interest rates are going down and are now in the low 5's high 4's. This means that a $200,000 mortgage would be between $1000-1100 a month (excluding taxes and insurance.  Now homes in the Taunton  Massachusetts can be bought for about the same monthly payment as what one would pay to rent! The second fact is that 1 in 10 homeowners ( national data) are at least one month behind in their mortgage payment. Also there is a moretoeum on foreclosures until January 9, 2009.. a hold on them.. if you will. So what will ha... 12/20/2008

Yesterday I recieved an offer on one of my listings.  My seller is a real estate investor who just bought the property in September. They bought it as a bank owned fixer-upper. It took some good money and some paid and unpaid labor to not only make this property livable, but also make the home desireable. I've had this home on the market since Oct 10. Here's what could go wrong: This morning I started on the contract and it hit me..  this is a VA loan..there could be a 90 day seasoning issue on ownership. (This means the property hasn't been owned by the same homeowners long enough) Long story longer.. I did my research and learned that a the VA doesnt' use this 90 ownership rule...However, underwriters could require this rule. Also, I did learn that FHA requires 90 day+++ property owne... 11/18/2008