Market Updates

Aug. 28, 2019

Real Estate is Hyper Local

Real estate is often in the news. Talking heads are sharing about how houses are appreciating or depreciating in value based upon national sales figures. However, real estate markets are not only NOT national, they are not just local either. They are hyper local. The Boston metroplex is not a ...

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Posted in Market Updates
Aug. 14, 2019

Interest Rates Dropping

PSA for buyers, sellers, and real estate agents alike - 45 days should be the time frame used in offers to purchase for getting a new mortgage. Think it's a benefit to go 30 days?  Well, with the yield curve on treasuries officially inverting today, we're officially in ...

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Posted in Market Updates
July 10, 2019

Don't Buy Old When You Can Buy New!

TWO NEW CONSTRUCTION HOMES FOR SALE!!

54 Birchwood Street, West Roxbury, MAStop previewing all of the old houses in Boston with their tiny closets, no or window air conditioning, and bathrooms or kitchens that need enlarging or updating?

Admittedly, there is not a lot of single-family new construction homes to choose from in Boston. Fortunately ...

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Posted in Market Updates
June 14, 2019

Congress Passes VA Loan Bill

Congress has passed the "Blue Water Navy Vietnam Veterans Act."

The PresideSeal of the Dept of Veterans' Affairsnt is expected to sign H.R. 299, the "Blue Water Navy Vietnam Veterans Act." The positive side of this:

This legislation includes language which will eliminate the cap on the VA home loan guarantee. Veterans, under this ...

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Posted in Market Updates
March 11, 2019

Interest Rates - Rising or Falling

Non-Farm Payrolls "It's a small world after all"

If inflation moves lower or is expected to move lower — rates must go lower as well. That's the situation right now.

The financial markets and interest rates also follow inflation on a global scale. Why is this important to you?

If ...

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Posted in Market Updates
Jan. 21, 2019

Gov Baker Wants to Raise Taxes on You

“Governor Baker seeks big real estate sales tax hike to fund climate programs“

Charlie Baker

reads the headline in the Boston Globe. This is a totally bogus claim by Baker. What he is really saying is he wants more money to spend on infrastructure but he doesn’t want to come across as ...

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Posted in Market Updates
Jan. 16, 2019

Emotional Roller Coaster

Emotional highs and lowsIf you should find yourself in a divorce situation or needing to divest the property of a deceased family member, it can be a bumpy ride, even though it shouldn't be. Here are a few points to consider if you find yourself in such a situation:

  1. I had clients ...
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Jan. 7, 2019

Proposed Property Transfer Tax on Cambridge Homes

Just in from Greater Boston Real Estate Board

Meeting Tonight! 5:30 p.m., Cambridge City Council Meeting, Sullivan Chamber

The City of Cambridge is considering enacting a local by-law to establish a new sales tax on homes. The Cambridge City Council will hold a public hearing tonight! Monday January ...

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Posted in Market Updates
Dec. 28, 2018

Short-Term Rentals Regulations

More regulations

Today Governor Baker signed into law a bill regulating and taxing short-term rentals. The timeline for implementation of the law will pose significant challenges for Realtors® conducting short-term rentals in 2019. The following Q&A should provide you with an overview of the new law. MAR has provided the following documents ...

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Posted in Market Updates
Dec. 27, 2018

FEMA Insurance notice

Just announced...

FEMA Alert

On Wednesday, December 26, the (FEMA) notified insurers that they would not be able to sell or renew flood insurance policies under the (NFIP) during the partial government shutdown. Insurers could however still pay claims on existing policies.

The National ...

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Posted in Market Updates