In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below):

When you continually hear how rates are hitting record lows, you may be wondering: Are they going to keep falling? Should I wait until they get even lower?

The Challenge with Waiting

The challenge with waiting is that you can easily miss this optimal window of time and then end up paying more in the long run. Last week, mortgage rates ticked up slightly. Sam Khater, Chief Economist at Freddie Mac, explains:

“Mortgage rates jumped

As we head into cooler months and the holiday season, the Boston real estate market historically cools off a bit as well. Nick gives his thoughts on what we can expect this year as well as some tips for staying on top of the latest changes in Boston real estate.

How do you predict the market will trend as we head into cooler months in Boston?

Generally you can expect the real estate market to slow down during the winter months, especially if we get one of those terrible New England winters that makes you want to just sit on your couch with a blanket and binge watch Netflix until April.  With that said, this winter, like most of 2020, might be slightly different.  

There is still lots of demand for housing and with rates still remaining near

In the second half of this year, the housing market surged with activity. Today, real estate experts are looking ahead to the winter season and the forecast is anything but chilly. As Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), notes:

“It will be one of the best winter sales years ever.”

The typical winter slowdown in the housing market is simply not on the radar. Here’s why.

While today’s historically low mortgage rates are expected to remain low, they won’t be this low for much longer. This could be the last chance for homebuyers to secure such low rates, and they’re ready to take action. In a recent article, Bankrate explained:

“If you’re looking to buy a home…expect mortgage rates to remain

In today’s real estate market, the buzz is all about how it’s a great time to sell your house. Buyer demand is high, and there simply aren’t enough homes available to buy to meet that growing need. This means now is the time to make a move so you can close the deal on your ideal terms.

Even in today’s strong sellers’ market, there are homeowners who are choosing not to sell due to ongoing concerns around the health crisis, financial uncertainty, and life in general. According to Zillow, here are the top three reasons homeowners who are thinking of selling sometime in the next three years are not putting their houses on the market right now:

• 34% - Life is too uncertain right now
• 31% - Financial uncertainty
• 25% - COVID-19 health

Berkshire Hathaway HomeServices, part of the HSF Affiliates LLC family of real estate brokerage franchise networks, today announced its first franchised office on Hawaii Island. The independently owned and operated real estate office will operate as Berkshire Hathaway HomeServices Hawai’i Island Properties.

The Hawaii Island entity was developed by Berkshire Hathaway HomeServices Maui Properties, an established network member since 2014.

“As the only current Berkshire Hathaway HomeServices network member on the Island of Hawai’i, our initial goal is to gain market share in the West Hawai'i real estate market,” said Alex Iskenderian, CEO of Hawai'i Island Properties. “We feel confident that our full service, hands-on approach coupled with the