Archive for June, 2008
Bank owned properties: Investors Wanted!
June 20th, 2008 Categories: Featured Listings, Framingham, Real Estate
I have been working with a bank on some of their foreclosure listings. I represent the banks in the listings, but as you know, they are very interested in getting offers and having these properties off their books.
Here are a few:
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Why low Housing Starts is good news for the market
June 20th, 2008 Categories: Market Conditions, Real Estate
I saw this graph of the Housing Starts for the past 3 years, and I fell that it is only good news for the overall depressed housing market.
The May stats fell by 3%. The May building permits also declined, and this number is widely looked upon as a leading indicator of future activity.
Here’s the explanation of my optimism:
Less supply = More demand = Home Prices Increase.
That was easy, now we just have to see it in action!
The President of the National Association of Home Builders (NAHB) suggested that home builders are “doing the right thing.” A decline in the production of new homes will lower the supply of available homes, which is a key step in stabilizing the housing market. The NAHB also pushed for Congress to pass a housing stimulus package to boost demand.
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Mortgage Interest Rate Historical Perspective
June 18th, 2008 Categories: Market Conditions, Mortgage Updates
A mortgage broker friend sent over this chart to me a bit ago and I wanted to share it with the readers. Sometimes with all the reporting and the daily grind we lose perspectives on our current situation. In terms of mortgage interest rates, boy, do we have it good?
If you would like to research refinancing or getting a pre-approval, feel free to give me a call. I have worked with several mortgage brokers and lenders who would look at your financial picture for no charge or obligation. Service is an important factor in this area, and shopping for that last bit of the lowest interest rate may not be worth the headache. I can get you started in the right direction.
I also came across this graph of the Number of Home Sales in MA since 1991.
If the MAhome Team can answer any of your real estate related questions, give Ed or Doriane Daniels a call at 508-341-7880.
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