New Listings week ending July 16
Here are the latest New Listings:
Click on these links for details: (more…)
Open Houses weekend July 17/18
More Open Houses this weekend. Because of the quirks of MLS properties with OH’s both days so not show up in both days’ lists but do if you click on the individual properties. I will publish Sunday’s tomorrow at 8 a.m.
Click on these links for details: (more…)
Is Inventory picking up at last?
There have been reports – including this chart from the Federal Reserve Bank of St. Louis – that housing inventory is finally increasing:
Has Inventory picked up recently in Essex County?
At first blush the answer may appear to be yes – note the sharp increase since the beginning of July: (more…)
New Listings on Bastille Day
Here are the latest New Listings as of Bastille Day:
Click these links for details: (more…)
Adjustable-Rate Mortgages Staging a Comeback
Applications for Adjustable-rate mortgages (ARMs) increased 12.5% year-to-year for the week ending June 18, according to the Mortgage Bankers Association (MBA), as the discount from the 30-year FRM has widened in recent weeks.
ARMs dropped in popularity after the 2008 financial crisis, but they are starting to reemerge as buyers contend with record high home prices. “The epic surge in home prices has people looking to save money on monthly payments anywhere they can,” says Matt Graham, chief of operations at Mortgage News Daily.
Source: Freddie Mac
New Listings week ending July 9
A few more New Listings after July Fourth:
Click on these links for details: (more…)
Open Houses weekend July 10/11
More Open Houses this weekend. Because of the quirks of MLS properties with OH’s both days so not show up in both days’ lists but do if you click on the individual properties. I will publish Sunday’s tomorrow at 8 a.m.
Click on these links for details: (more…)
$22 million House for sale in Beverly
A $22 million mansion has just hit the market in Beverly, listed by Douglas Elliman Real Estate. Built in the Georgian Revival style, the home boasts 28,000+/- square feet of beautifully appointed living space, with 11 bedrooms and 12 baths and sits on more than three meticulously landscaped, park-like acres.
Click $22 million listing and call to arrange a showing. (more…)
Are mortgage rates heading up or down?
For several years “experts” have been forecasting that mortgage rates were about to rise, but forecasts of an imminent end to low rates are reminiscent of Mark Twain’s alleged comment that reports of his death had been greatly exaggerated.
The 30-year Fixed Rate Mortgage (FRM) reached almost 5% in November 2018, but since then has been in an almost uninterrupted downward trend, with a few short-lived spikes upwards:
Which brings us to the question: is the next move going to be
Inflation (more…)
Marblehead Town Elections Tuesday June 22
The youth and exuberance of Marblehead can be seen in two way:
– the number of young people out and about with strollers (and, of course, dogs)
– the large number of candidates in the town elections this coming Tuesday
The most contested positions are Selectmen (15 candidates for 5 members), Light Commissioner, School, and Recreation and Park.
Here is the sample Marblehead ballot (more…)
New Listings mid-week June 16
Just a smattering of New Listings – again:
Click these links for details: (more…)
Open Houses Sunday June 13
Around half of the available properties – other than in Swampscott – have Open Houses today:
Click on these links for details: (more…)
New Listings week ending June 11
Here are the latest New Listings in Marblehead, Swampscott, Salem, Beverly and Lynn:
Click on these links for details: (more…)
Open Houses weekend June 12/13
Here this weekend’s Open Houses.
This list will be updated on Sunday morning (because of the quirks of MLS many of the Sunday Open Houses don’t show up on Saturday.)
Click on these links for details: (more…)
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