Buying in Boston & Greater Boston

Ever wondered what the buying process looks like? Here’s a one page summary. For additional details, please read my guides below.

Posts in Buying in Boston & Greater Boston

Latest Unemployment Report: Great News…for the Most Part

For Buyers For Sellers Housing Market Updates July 6, 2020

The Bureau of Labor Statistics (BLS) released their latest Employment Situation Summary last Thursday, and it again beat analysts’ expectations in a big way. The consensus was for 3,074,000 jobs to be added in June. The report revealed that 4,800,000 jobs were added. The unemployment rate fell to 11.1% from ...

A Historic Rebound for the Housing Market

For Buyers For Sellers Housing Market Updates July 1, 2020

Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are pending home sales, and why is this rebound so important? According to NAR, the Pending Home Sales ...

Are New Homes Going to Be Available to Buy This Year?

For Buyers For Sellers Housing Market Updates Move-Up Buyers New Construction June 30, 2020

In today’s economy, everyone seems to be searching for signs that a recovery is coming soon. Many experts agree that it may actually already be in motion or will be starting by the 3rd quarter of this year. With the housing market positioned to lead the way out of this ...

What Are Experts Saying About the Rest of 2020?

For Buyers For Sellers Housing Market Updates June 29, 2020

One of the biggest questions on everyone’s minds these days is: What’s going to happen to the housing market in the second half of the year? Based on recent data on the economy, unemployment, real estate, and more, many economists are revising their forecasts for the remainder of 2020 – and ...

New Index Reveals Impact of COVID-19 on Real Estate

For Buyers For Sellers Housing Market Updates June 25, 2020

Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry, tracking each of the following: Housing Demand – Growth in ...

Should We Be Looking at Unemployment Numbers Differently?

For Buyers For Sellers June 24, 2020

The New York Times recently ran an article regarding unemployment titled: Don’t Cheer Too Soon. Keep an Eye on the Core Jobless Rate. The piece suggests we should look at unemployment numbers somewhat differently. The author of the article, Jed Kolko, is a well-respected economist who is currently the Chief ...

What Are the Experts Saying About Future Home Prices?

For Buyers For Sellers Pricing June 23, 2020

A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult. Normally, there’s a simple formula to determine the future price of any item: ...

Homebuyers Are in the Mood to Buy Today

First Time Home Buyers For Buyers For Sellers Housing Market Updates Interest Rates Move-Up Buyers June 22, 2020

According to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase. And homeowners looking for eager buyers can take advantage of this opportune time ...

Is the Economic Recovery Already Underway?

For Buyers For Sellers June 17, 2020

The Wall Street Journal just released their latest monthly Survey of Economists. In an article on the findings, they reported: “The U.S. economy will be in recovery by the third quarter of this year, economists said in a survey that also concluded the labor market will fare better than previously expected ...

Three Reasons Homebuyers Are Ready to Purchase This Year

First Time Home Buyers For Buyers For Sellers Move-Up Buyers June 16, 2020

A recent survey by Lending Tree tapped into behaviors of over 1,000 prospective buyers. The results indicated 53% of all homebuyers are more likely to buy a home in the next year, even amid the current health crisis. The survey further revealed why, naming several reasons buyers are more likely ...

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