Open Houses Sunday February 26
Here are today’s Open Houses:
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
And these recent articles: (more…)
New Listings in School Vacation week
Still very few New Listings:
Click on these links for details: (more…)
Open Houses weekend February 25/26
Here are this weekend’s Open Houses (an updated list for Sunday will be posted tomorrow at 8 a.m.):
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
And these recent articles: (more…)
Mozart Requiem: First Rehearsal TONIGHT!
Registration and the first rehearsal will take place at 7:30 p.m. today, Wednesday, Feb. 22 in the Parish Hall of Old North Church.
Subsequent rehearsals will take place every Wednesday evening from 7:30 to 9 p.m. until the April 2 performance.
Go HERE for more details
The centerpiece of the Lenten Choral Concert will be the “Requiem in D” by W.A. Mozart, universally recognized as among the most poignant and breathtakingly beautiful works of the sacred choral repertoire.
Maria van Kalken, director of the Old North Festival Chorus and minister of music at Old North Church, extends a warm and enthusiastic welcome to all singers to join the chorus for its annual Lenten Choral Concert, which will be the first time the chorus has performed with full orchestra in person since March 2019.
Celebrating her 34th season as director of the Festival Chorus, van Kalken has planned a memorable choral concert to take place at 7:30 p.m. Sunday, April 2, Palm Sunday (more…)
New Listings mid-week February 22
The weather may fluctuate but the number of New Listings is consistently low:
Click on these links for details: (more…)
All invited to join Old North Festival Chorus in post-pandemic return
Registration and the first rehearsal will take place at 7:30 p.m. Wednesday, Feb. 22 in the Parish Hall of Old North Church.
Subsequent rehearsals will take place every Wednesday evening from 7:30 to 9 p.m. until the April 2 performance.
The centerpiece of the Lenten Choral Concert will be the “Requiem in D” by W.A. Mozart, universally recognized as among the most poignant and breathtakingly beautiful works of the sacred choral repertoire.
Maria van Kalken, director of the Old North Festival Chorus and minister of music at Old North Church, extends a warm and enthusiastic welcome to all singers to join the chorus for its annual Lenten Choral Concert, which will be the first time the chorus has performed with full orchestra in person since March 2019.
Celebrating her 34th season as director of the Festival Chorus, van Kalken has planned a memorable choral concert to take place at 7:30 p.m. Sunday, April 2, Palm Sunday (more…)
Open Houses Sunday February 19
Here are today’s Open Houses:
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
And these recent articles: (more…)
New Listings week ending February 17
The number of New Listings is still tiny:
Click on these links for details: (more…)
Open Houses weekend February 18/19
Here are this weekend’s Open Houses (an updated list for Sunday will be posted tomorrow at 8 a.m.):
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
And these recent articles: (more…)
New Listings mid-week February 15
The temperature may be on the rise – but not the number of New Listings:
Click on these links for details: (more…)
What drives Mortgage Rates in one chart
I can explain as often as I do that the 30-year Fixed rate Mortgage (FRM) is based upon the yield on the US 10-year Treasury (10T), not the Federal Reserve’s Fed Funds rate (FFR), but still I read regularly comments such as “mortgage rates will move up after the Fed increased its interest rate.”
Look at this chart for the last few months, the dates being those when the Federal Reserve increased its interest rate:
Note the correlation between the 10T (red line) and FRM (blue) – and the lack of correlation between FFR and FRM.
Let’s look at this another way, the spread (difference) between the FRM and 10T and between FRM and FFR:
Over the last 5 months, the spread between FRM and 10T has been in a tight band between 2.69% and 2.85%, while that between FRM and FFR has dropped by a huge 1.7%.
For a more detailed explanation of what drives mortgage rates – and why the FRM will fall at some point – read Why Mortgage Rates Will Fall
And these recent articles: (more…)
Open Houses Sunday February 12
Here are today’s Open Houses:
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
And these recent articles: (more…)
Essex County 2022 Housing Market Review
Single Family Homes (SFH)
After sharp increases Year-over-Year (YOY) in Q2 and Q3, the median SFH price in Essex County showed a more modest increase (YOY) in Q4, and also showed the usual seasonal decline from Q3 into Q4. Overall, the median price increased 5% for the year to $640,000, taking the increase in the last 3 years to 35%. Reflecting the low levels of inventory recently, SFH sales declined 11% in H1 and 18% in H2.
The share of sales over $600,000 increased from 52% in 2021 to 58% in 2022, driving the median price for the year well over $600,000.
Condos
The median condo sale price moved more steadily upwards in 2022, increasing by 11% in both H1 and H2, and by 34% since 2019. Sales fell 11% in H1 but by a startling 27% in H2. It seems likely that the increase in mortgage rates had a bigger impact on Condo sales – often bought as a first home with a significant mortgage – than on SFH sales, where mortgages – especially at the higher-end – tend to be less important with many buyers using cash or a large down-payment. (more…)
Open Houses weekend February 11/12
Here are this weekend’s Open Houses (an updated list for Sunday will be posted tomorrow at 8 a.m.):
Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House
And these recent articles: (more…)
New Listings week ending February 10
The temperature may have risen this week – but not the number of New Listings:
Click on these links for details: (more…)
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