New Listings, Inventory, after Labor Day

Here are the latest New Listings and inventory numbers:

Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings

Here are the latest inventory numbers:

And read these recent articles:
Federal Reserve Chair Powell:”The Time has Come”
Earth to Federal Reserve: What are you waiting for?
The Federal Reserve’s Analysis Paralysis
July Housing Inventory and H1 Sales to List Price

Marblehead Mid-Year 2024 Market Review
Swampscott Mid-Year 2024 Market Review
Salem Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review: Town by Town Guide
My Property Tax reports mentioned at Town Meeting
(more…)

Open Houses Sunday September 1

Here are today’s (very few) Open Houses:

Click on these links for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open House

And these recent articles:
Federal Reserve Chair Powell:”The Time has Come” (more…)

New Listings, Inventory, week headed into Labor Day

Here are the latest New Listings and inventory numbers:

Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings

Here are the latest inventory numbers:

And read these recent articles:
Federal Reserve Chair Powell:”The Time has Come”
Earth to Federal Reserve: What are you waiting for?
The Federal Reserve’s Analysis Paralysis
July Housing Inventory and H1 Sales to List Price

Marblehead Mid-Year 2024 Market Review
Swampscott Mid-Year 2024 Market Review
Salem Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review: Town by Town Guide
My Property Tax reports mentioned at Town Meeting
(more…)

Open Houses Labor Day weekend

Here are this weekend’s (very few) 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
(more…)

Federal Reserve Chair Powell:”The Time has Come”

“The time has come,” the Chair announced,
“For easing to begin—
From tightening strings, and cautious holds—
And dovish, hawkish spin
And then the market breathed a sigh—
When at last the Fed gave in.”

Read:
Earth to Federal Reserve: What are you waiting for?

The Federal Reserve’s Analysis Paralysis

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, please contact me on 617.834.8205 or [email protected].

Andrew Oliver, M.B.E.,M.B.A.

REALTOR®

m 617.834.8205

www.OliverReportsMA.com

““If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReportsMA.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”

“Thank you for the wonderful, wonderful job you do for the community (explanation of property tax process and calculation) – it is so helpful and so clearly explained.”

Licensed in Massachusetts with Stuart St.James
Licensed in Florida with Compass

www.OliverReportsFL.com

I’m Back!

With apologies for my absence last week. No, I was not on vacation (that would not stop me from posting) – I changed my hosting company. I was told it would take 1-4 days – it took 8.

New Listings, Inventory, before Labor Day

Here are the latest New Listings and inventory numbers, together with mid-year market reports:

Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings

Here are the latest inventory numbers:

And read these recent articles:
Earth to Federal Reserve: What are you waiting for?
The Federal Reserve’s Analysis Paralysis
July Housing Inventory and H1 Sales to List Price

Marblehead Mid-Year 2024 Market Review
Swampscott Mid-Year 2024 Market Review
Salem Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review: Town by Town Guide
My Property Tax reports mentioned at Town Meeting
(more…)

Open Houses Sunday August 18

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:
The Federal Reserve’s Analysis Paralysis
July Housing Inventory and H1 Sales to List Price

Marblehead Mid-Year 2024 Market Review
Swampscott Mid-Year 2024 Market Review
Salem Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review: Town by Town Guide

How was MY assessment calculated? Q&A with Marblehead Assessor Karen Bertolino
My Marblehead Current article on Property Taxes
Marblehead FY 2024 Property Tax Explained

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, please contact me on 617.834.8205 or [email protected].

Andrew Oliver, M.B.E.,M.B.A.

REALTOR®

m 617.834.8205

www.OliverReportsMA.com

““If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReportsMA.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”

“Thank you for the wonderful, wonderful job you do for the community (explanation of property tax process and calculation) – it is so helpful and so clearly explained.”

Licensed in Massachusetts with Stuart St.James
Licensed in Florida with Compass

www.OliverReportsFL.com

Open Houses weekend August17/18

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

*because of the timing of the MLS feed, many of Sunday’s OHs do not show up in today’s links until later today, and will also be in tomorrow’s post

And these recent articles:
The Federal Reserve’s Analysis Paralysis
July Housing Inventory and H1 Sales to List Price

Marblehead Mid-Year 2024 Market Review
Swampscott Mid-Year 2024 Market Review
Salem Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review: Town by Town Guide

How was MY assessment calculated? Q&A with Marblehead Assessor Karen Bertolino
My Marblehead Current article on Property Taxes
Marblehead FY 2024 Property Tax Explained

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, please contact me on 617.834.8205 or [email protected].

Andrew Oliver, M.B.E.,M.B.A.

REALTOR®

m 617.834.8205

www.OliverReportsMA.com

““If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReportsMA.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”

“Thank you for the wonderful, wonderful job you do for the community (explanation of property tax process and calculation) – it is so helpful and so clearly explained.”

Licensed in Massachusetts with Stuart St.James
Licensed in Florida with Compass

www.OliverReportsFL.com

New Listings, Inventory, week ending August 16

Here are the latest New Listings and inventory numbers, together with mid-year market reports:

Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings

Here are the latest inventory numbers:

And read these recent articles:
Earth to Federal Reserve: What are you waiting for?
The Federal Reserve’s Analysis Paralysis
July Housing Inventory and H1 Sales to List Price

Marblehead Mid-Year 2024 Market Review
Swampscott Mid-Year 2024 Market Review
Salem Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review: Town by Town Guide
My Property Tax reports mentioned at Town Meeting
(more…)

New Listings, Inventory, mid-week August 14

Here are the latest New Listings and inventory numbers, together with mid-year market reports:

Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings

Here are the latest inventory numbers:

And read these recent articles:
Earth to Federal Reserve: What are you waiting for?
The Federal Reserve’s Analysis Paralysis
July Housing Inventory and H1 Sales to List Price

Marblehead Mid-Year 2024 Market Review
Swampscott Mid-Year 2024 Market Review
Salem Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review: Town by Town Guide
My Property Tax reports mentioned at Town Meeting
(more…)

Earth to Federal Reserve: What are you waiting for?

This is the same headline I used in February 2022 in this article, when the Federal Reserve (Fed) was dithering about raising rates. It is just as applicable today as they dither about cutting rates.
Indeed, sometimes I wonder if the Fed is more concerned about coming up with catchy phrases: “transient inflation; “data dependent”; “higher for longer”; and now “data-dependent, not data point dependent” – than actually taking decisions.

“Date-dependent mean the Fed doesn’t have a clue”
This was a heading in an earlier Bloomberg article, which continued: But perhaps the bigger takeaway is that Chair Jerome Powell and his fellow policymakers really don’t have a clue what’s going to happen in the economy. They’re shooting in the dark. “They’re making it up as they go along.”

These comments may seem harsh but it expresses the frustration many feel about what I described in this recent article: The Federal Reserve’s Analysis Paralysis

The data is unreliable and subject to change
Mohamed El-Erian, whom I often quote, captured the current state of affairs when he observed: “I think the major issue is that the market has become overly data-dependent, just like our central banks have become overly data-dependent. So, we’re not looking beyond the next data release because we’re worried about what will the Fed do in September, what will the ECB (European) Central) Bank) do in September.”

Central bankers and markets should be aware of the risks associated with an overly data-dependent approach to monetary policymaking. In 2019, Powell himself highlighted the basic challenge: “We must sort out in real time, as best we can, what the profound changes underway in the economy mean for issues such as the functioning of labor markets, the pace of productivity growth, and the forces driving inflation.”
Yet economic data are often unreliable. Official statistics undergo multiple and often substantial revisions. For instance, the payroll numbers undergo subsequent revisions —sometimes large ones that give the lie to the initial perceptions.
Richard Fisher, a former Dallas Fed president, once offered an example of the dangers involved. Data pointing to excessively low levels of inflation had prompted the Fed to keep rates low in 2002 and 2003. Subsequent revisions, he acknowledged, showed that “inflation had actually been a half point higher than first thought. In retrospect, the real fed funds rate turned out to be lower than what was deemed appropriate at the time and was held lower longer that it should have been.”

In a recent Financial Times article, Mohammed-El Erian asked a number of questions, amongst them:
Why did Fed forecasts get it so wrong, be it on inflation or unemployment — the so-called dual mandate — in recent years? And to what extent has this resulted in a longer-term shift to excessive data dependency in the formulation of the central bank’s policy?

Ongoing structural and secular changes in how the US and global economies function are more consequential for policy design than “noisy” short-term data. So, is it not now time to combine data dependency with a much greater injection of forward-looking strategic thinking? (more…)

Open Houses Sunday August 11

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:
The Federal Reserve’s Analysis Paralysis
July Housing Inventory and H1 Sales to List Price

Marblehead Mid-Year 2024 Market Review
Swampscott Mid-Year 2024 Market Review
Salem Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review: Town by Town Guide

How was MY assessment calculated? Q&A with Marblehead Assessor Karen Bertolino
My Marblehead Current article on Property Taxes
Marblehead FY 2024 Property Tax Explained

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, please contact me on 617.834.8205 or [email protected].

Andrew Oliver, M.B.E.,M.B.A.

REALTOR®

m 617.834.8205

www.OliverReportsMA.com

““If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReportsMA.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”

“Thank you for the wonderful, wonderful job you do for the community (explanation of property tax process and calculation) – it is so helpful and so clearly explained.”

Licensed in Massachusetts with Stuart St.James
Licensed in Florida with Compass

www.OliverReportsFL.com

Open Houses weekend August 10/11

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

*because of the timing of the MLS feed, many of Sunday’s OHs do not show up in today’s links until later today, and will also be in tomorrow’s post

And these recent articles:
The Federal Reserve’s Analysis Paralysis
July Housing Inventory and H1 Sales to List Price

Marblehead Mid-Year 2024 Market Review
Swampscott Mid-Year 2024 Market Review
Salem Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review: Town by Town Guide

How was MY assessment calculated? Q&A with Marblehead Assessor Karen Bertolino
My Marblehead Current article on Property Taxes
Marblehead FY 2024 Property Tax Explained

If you – or somebody you know – are considering buying or selling a home and have questions about the market and/or current home prices, please contact me on 617.834.8205 or [email protected].

Andrew Oliver, M.B.E.,M.B.A.

REALTOR®

m 617.834.8205

www.OliverReportsMA.com

““If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReportsMA.com. He’s assembled the most comprehensive analysis of Essex County we know of with market data and trends going back decades. It’s a great starting point for those looking in the towns of Marblehead, Salem, Beverly, Lynn and Swampscott.”

“Thank you for the wonderful, wonderful job you do for the community (explanation of property tax process and calculation) – it is so helpful and so clearly explained.”

Licensed in Massachusetts with Stuart St.James
Licensed in Florida with Compass

www.OliverReportsFL.com

New Listings, Inventory, week ending August 9

Here are the latest New Listings and inventory numbers, together with mid-year market reports:


Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings

Here are the latest inventory numbers:

And read these recent articles:
The Federal Reserve’s Analysis Paralysis
July Housing Inventory and H1 Sales to List Price

Marblehead Mid-Year 2024 Market Review
Swampscott Mid-Year 2024 Market Review
Salem Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review
Essex County Mid-Year 2024 Market Review: Town by Town Guide
My Property Tax reports mentioned at Town Meeting
(more…)