New Listings week ending May 19
A few more New Listings this week:
Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Here are the latest Inventory numbers: (more…)
New Listings mid-week May 17
A few more New Listings this week in Marblehead:
Click on these links for details: (more…)
Mother’s Day Open Houses
Card? Check
Flowers? Check
Dinner? Check
What else? How about a new home?
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 May 12
A still small number of New Listings this week:
Click on these links for details: (more…)
Open Houses Mother’s Day weekend
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
*due to an error in the MLS feed not all the Sunday OHs show up in today’s links but they will in tomorrow’s pst
And these recent articles: (more…)
New Listings mid-week May 10
A small number of New Listings this week:
Click on these links for details: (more…)
Open Houses Sunday May 7
Here 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 May 5
A few more New Listings this week:
Click on these links for details: (more…)
Open Houses weekend May 6/7
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
*due to an error in the MLS feed not all the Sunday OHs show up in today’s links but they will in tomorrow’s pst
And these recent articles: (more…)
New Listings mid-week May 3
No spring boost yet for New Listings:
Click on these links for details: (more…)
May Inventory shows no improvement
No spring boost for Inventory so far.
Single Family Homes
Condos
Mortgage rates
The 30-year Fixed Rate Mortgage fluctuated around 3% for most of 2021. The Fed appeared to many commentators (read my “Party on, dude” says the Federal Reserve posted in March 2021) to be taking an overly optimistic view about inflation; its indication of a policy reversal late in 2021 sparked a jump in the crucial 10-year Treasury (10T) yield and hence in mortgage rates. With inflation continuing to soar well beyond the Fed’s preferred 2%, interest rates climbed in 2022, driving mortgage rates to a multi-year high.
As inflation appeared to slow, so the yield on 10T dropped, leading to a drop in the FRM of 1% in early 2023. Inflation, however, remains stubbornly high – and the labour market stubbornly strong- causing interest rates and the FRM to move up again, before the crises at a number of banks drove Treasury yields – and hence the FRM – lower again.
In recent weeks the FRM has been mainly in the 6.25-6.5% range.
And these recent articles:
Economic and mortgage commentary
Federal Reserve increase rates; Mortgage Rates drop (more…)
Open Houses Sunday April 30
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…)
Harvard Students share their Vision for Lynn
Students from the Harvard Graduate School of Design presented their semester-long group projects based on the theme of “Lynn: A Greater Gateway” at the Lynn Museum Thursday evening.
“We’ve been working with the city since January to think about what does it mean to be a gateway city,” project coordinator and Associate Professor Dan D’Oca said.
Each group looked at different topics, including economic development and transportation, and thought of how to tailor the city to recent immigrants.
Graduate student Aathira Pillai’s group proposed developing an app for the city’s residents.
“Individuals can come together on one platform [and] start pulling things in, that is where we propose ‘My Lynn’ app,” Pillai said.
The app would be able to function in whatever language the user needs, she said.
“Apart from helping you reach the critical resources that you might need, you might also walk around, scan through the app and get all the city posters, signs, instructions translated to something that you are comfortable with,” Pillai said.
Another proposal came from Briana Villavarde’s group, which focused on an urban heating resilience plan.
“What it really goes over is that technical solutions to urban heat are usually inequitably distributed throughout the city,” Villavarde said. “So how can community engagement, and local and oral knowledge from residents really make technical solutions more robust [in] addressing where heat is the most severe and really targeting vulnerable populations first.”
Through her research she found hot spots in the city, some of which are the General Electric plant, Market Basket, and downtown Lynn.
Other proposals discussed issues such as flooding, equitable development, and affordable housing.
Developer Charlie Patsios of Swampscott said he was “impressed” by the projects he saw from the students Thursday evening.
“What they’re doing is they’re envisioning everything, but they’re asking questions of me on what can happen, and what permission we can give them to let them look at all possibilities,” Patsios said.
“It’s been amazing, the students love the city,” D’Oca said. “Everybody we talked to has been really generous with their time and people have given us a lot of feedback. It’s a place that people really seem to love, we totally get why, and so we hope we did it justice with some of these recommendations we made.” (The Daily Item)
And these recent articles: (more…)
New Listings week ending April 28
No spring boost yet for New Listings:
Click on these links for details: (more…)
Open Houses April 29/30
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
*due to an error in the MLS feed not all the Sunday OHs show up in today’s links but they will in tomorrow’s pst
And these recent articles: (more…)
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