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
Dec. 23, 2018

Are You Ready for Rising Interest Rates

Can’t say I didn’t warn you…

Courtesy Bankrate.com

And Interest Rates Are On the Rise!

Several months ago I was warning buyers and sellers to make a move ASAP before interest rates move up. The ridiculously low interest rates that the Feds have kept artificially low to make the economy look better ...

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Posted in Market Updates
June 30, 2018

How Boston's Personal Residential Exemption Works

The mayor and the Boston City Council chose to increase the residential exemption from 30% to 35% of the average of all residential parcels back in 2017. This amounted to a tax reduction of $2,433 for everyone who had a personal residential exemption on file. This means that many ...

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Posted in Market Updates
June 26, 2017

FHA Conforming Loan Limits Raised

and, do so annually!

FHA loan limits

Getting a mortgage for a home can be a challenge for many buyers for a variety of reasons. However, high-cost-of-living states such as Massachusetts pose an additional challenge – higher down-payment requirements. Fortunately, the Feds understand this and try to keep the FHA low-down-payment mortgages available ...

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Posted in Market Updates
May 15, 2017

FICO Scores

My Credit Score is Decent.
or is it?!

How many times do we REALTORS® hear buyers say, “My credit is good” when it really it isn’t? Constantly. Some buyers think that their credit is in great shape when it isn’t because they don’t understand what good credit is considered ...

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Posted in Market Updates