There is a new reason to move. Until about three of four years ago; I heard the same old reasons to move: we are getting married; I just got divorced; we are having a child; we are having another child;…
Source:A new reason to move
Here’s an update on my morning post. The folks at Radar Logic were kind enough to provide specific data for the Boston area. They report that 11.1 percent of sales in Boston in March were “motivated,” basically meaning resales of…
About 60,000 Massachusetts borrowers were behind on their mortgage payments at the end of March, and about a quarter of those borrowers faced imminent foreclosure. Thus says the Mortgage Bankers Association, which released quarterly data this morning. The good news,…
Source:60,000 delinquent borrowers
Real estate agents are required to show consumers the agency disclosure before discussing a specific property with a prospective client. Have you seen it? …. the real estate agent represents the buyer. The agent owes the buyer undivided loyalty, reasonable…
Source:If your goal is to fill a housing development, don?t call yourself a buyer?s agent
If the readers who think real estate agency is a dying art turn out to be right, I know what I want to do next. On Saturday night, I went to the Museum of Bad Art in Dedham. There I…
Source:My next career awaits
At the current pace, seven of every 1,000 residential properties in Massachusetts will be foreclosed this year. And fresh numbers from Warren Group show that the pace continues to accelerate: 800 in January, 860 in February, 1,167 in March, 1,334…
Source:More on foreclosures
Mortgage companies owned 600,000 homes nationwide at the end of April, up from 493,000 at the end of January, according to the Wall Street Journal. To sell those properties, companies are cutting prices more deeply and more quickly. Consider the…
Source:Foreclosures for sale
The latest issue of The Economist includes a remarkable graphic charting the annual movement of home prices over the last century. The data was compiled by Robert Shiller, the Yale professor who is half the brains behind the Case-Shiller index….
Today, I had buyers in the middle of five-buyer competition. They came in second. I was looking forward to a buyer?s market. I hear radio commercials about real estate services helping buyers and sellers in ?this buyers market.? I am…
Source:Hurry down! They won?t last!
Most of the content for this blog comes from questions from my customers. They feed me topics that I think many of you would like to hear. Back in November, I had posted a request for investment property questions and had great response. So, I am opening my ears for another round.
Send me your investment […]