Salem MA Condo Open House bonanza
There are currently 103 condos for sale in Salem and 36 of them have Open Houses today in the following price ranges: (more…)
Real estate recovery is global, well except for the Ukraine
As reported by IMF Global Housing Watch global real estate prices increased 2.1% in 2014 to a six-year high. But not every country participated. The first chart shows the overall picture; the second shows the difference between recovering and rebounded markets. (more…)
Marblehead Mid-Year Housing Market Review
This article will review prices, sales and supply for the Single Family Home (SFH) market in Marblehead in the first half of 2015.
Median Prices
The median price for the first half of 2015 was $573,000, down 2% from $583,500 in 2014. Note, however, that while there was a drop in Q1, Q2 saw an increase. Read my First Quarter Review for the explanation behind the Q1 drop.
Source: MLS, Oliver Reports
Staging: don’t copy The Greenbrier
While I celebrated my 50th birthday at The Greenbrier, I fear that staging your house in Marblehead like these areas at the great resort would limit the number of buyers: (more…)
Marblehead: Birthplace of the American Navy
Read Marblehead Magazine’s Birthplace of the American Navy for the definitive history. (more…)
Why there are so few houses for sale
For the past two years the main story in the housing market has been the lack of inventory, of houses for sale.
But why is that? (more…)
“Buyers are coming back in force”
That quote comes from Lawrence Yun, chief economist at the National Association of Realtors (NAR), following publication of the NAR’s Economic and Forecast Update.
Highlights of the report include:
– Existing home sales in May were the highest since 2009, when there was a homebuyer tax credit
– Pending home sales hit a 9 year high
– New home sales hit a 7 year high
– Housing permits for new homes hit an 8 year high
– and
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