If you’re thinking about buying or selling a Boston area home soon, you probably want to know what you can expect from the housing market in 2024. In 2023, higher mortgage rates, confusion over home price headlines, and a lack of homes for sale created some challenges for buyers and sellers looking to make a move. But what’s on the horizon for [...]
boston real estate market
If you’re thinking about buying or selling, it’s important to know what the experts are forecasting for the future of the housing market.
Our Q3 2023 market report was recently released, and Nick examines it and explains how it can be a valuable tool in the Boston real estate market. He describes how buyers and sellers can best use it to navigate the current trends. He also identifies some key components of the report that are market [...]
Before you buy a home in Boston, it's important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren't caught off guard when it's time to close on your home, you need to understand what closing costs are and how much you should budget for.
Spring is usually the busiest season in the Boston housing market. Many buyers wait until then to make their move, believing it's the best time to find a home. However, that isn't always the case when you factor in the competition you could face with other buyers at that time of year. If you're ready to buy a home, here's why it makes sense to move before the spring market picks up.
Earlier this month, the Federal Housing Finance Agency said that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac will increase by 12% nationally in 2023. This is excellent news for homebuyers in Greater Boston, as the loan limit for one-unit properties in Essex, Middlesex, Norfolk, Plymouth, and Suffolk counties will increase by more than $100,000 to a limit of $828,000.
There's no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years. But what does that mean for you if you're thinking of selling your home in the Boston area?
If you're thinking about selling your Boston area home in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demand for the item coupled with a limited supply. That maximizes your leverage when you're negotiating the sale. Home sellers are in that exact situation right now. Here's why.
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