Federal Reserve tries to rewrite history

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Two comments from Federal Reserve Chair Powell struck me while I was listening to his Press Conference on Wednesday:

On the “speed” of the Fed’s move to increase rates:

“When inflation changed direction, really, in October. We’ve moved quickly since then. I think people would agree. But before then, inflation was coming down month by month. And we kind of thought we had the story. Probably had the story right. But then I think in October, you started to see a range of data that said no. This is a much stronger economy and much higher inflation than we’ve been thinking.”

Moved quickly? (more…)

Open Houses weekend July 30/31

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Here are this weekend’s Open Houses:

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New Listings and Inventory Update

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Here are this week’s New Listings and the latest Inventory:

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New Listings and Latest Inventory

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Here are this week’s New Listings and Latest Inventory:

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Heat hacks: 12 tips and tricks to keep your house cool

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The Boston Globe has a timely article about ways to keep your house cool.

1. Chill out at night.
If you’re tossing and turning in bed and having trouble falling asleep in the blistering heat, Consumer Reports offers this interesting trick: Put your sheets and pillowcases in a sealable plastic bag and stash them in the freezer so they’ll be nice and cold when you hit the hay.

2. Makeshift AC.
You’ve probably heard about the trick of putting a bowl of ice in front of a fan. Well, the New York State Office for the Aging suggests using bottles of water instead. “Fill three plastic soda bottles full of water, freeze them but in a manner to not damage them (liquid expands on freezing), then place them in a large bowl,” the agency’s website states. “Position a fan to blow on them.. … The water in the bottles can be refrozen and used repeatedly.”

3. Creative use of your fridge.
Seattle City Light suggests putting lotion and moisturizers in your fridge to cool down your skin. (more…)

Essex County Mid-Year Market Summary in 5 slides

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Open Houses Sunday July 24

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Here are today’s Open Houses:

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Massachusetts Mid-Year Market Summary in 5 slides

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(more…)

Open Houses weekend July 23/24

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Here are this weekend’s Open Houses:

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New Listings and Inventory week ending July 22

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Here are this week’s New Listings:

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New Listings and Inventory mid-week July 20

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This week’s New Listings:

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Open Houses Sunday July 17

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Here are today’s Open Houses:

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Open Houses weekend July 16,17

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Here are this weekend’s Open Houses:

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New Listings week ending July 15

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This week’s New Listings:

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Marblehead Mid-Year Housing Market Report

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Single Family Homes (SFH)
The median price of Single Family Homes (SFH) sold in the 6 months to June 30, 2022 (H1) increased 8% to $875,000, while sales, reflecting the reduced inventory, dropped sharply to the lowest number this century, just above the numbers of 2008/09.

Condos
There were 19 condo sales in H1 2022, down from 25 in 2021, while the median price increased 4.1% to $505,000. (more…)

Oliver Reports Massachusetts