Open Houses weekend January 8/9
Snow and freezing temperatures are the backdrop to this weekend’s Open Houses.
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Essex County 2022 Commercial Property Tax Rates: Town by Town guide
While most of us look at residential tax rates (read Essex County 2022 Property Tax Rates: Town by Town guide ) fewer consider commercial tax rates. Yet a healthy commercial business environment can contribute significantly to the attractiveness of a town. The map below shows commercial rates in each of Essex County’s 34 cities and towns, followed by a table showing commercial rates for each town.
Commercial rates for each town: (more…)
Just 0.15% of Essex County Housing Units For Sale
According to the 2019 US Census, Essex County has some 202,000 owner-occupied housing units. There are currently a grand total of 300 for sale – 178 SFHs and 122 Condos – representing just 0.15% of that number. Here are the very few new listings this week:
Click these links for details: (more…)
Last (very) few Open Houses before Christmas
Just a few Open Houses today.
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Would you like free money for the holidays?
I usually listen to WGB 1030 on my morning walk and this week I have heard Billy Costa’s ads for Unclaimed Property in Massachusetts. This rang a bell for me a as I have found unclaimed property at least twice and received checks.
Click on FindMassMoney and you will find this statement:
“The Unclaimed Property Division is holding over $3 billion in unclaimed funds for the citizens and businesses of the Commonwealth. The Division holds these lost funds until they are claimed by either the original owner or their heirs. Claiming property is fast, easy and free.”
It sure is.
And encouraged by my successes in Massachusetts I have received unclaimed property from Connecticut, where I lived in the 1980s, and today have filed a claim in California for my wife, also from the 1980s. And you can search in other States where you have connections – just type in XState Unclaimed Property and Mr.Google will do the rest.
So, if it is actually my property, is it really free? I leave you to contemplate this as you bank your check.
Happy Holidays.
Andrew Oliver, M.B.E.,M.B.A.
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReportsMA.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
“If you’re interested in Marblehead, you have to visit the blog of Mr. Andrew Oliver, author and curator of OliverReports.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.”
__________________
Andrew Oliver
REALTOR® | Market Analyst | DomainRealty.com
Naples, Bonita Springs and Fort Myers
Andrew.Oliver@DomainRealtySales.com
m. 617.834.8205
www.AndrewOliverRealtor.com
www.OliverReportsFL.com
Latest New Listings and Inventory
A (very small) handful of New Listings (the state of inventory is shown later in this article).
Click these links for details: (more…)
Open Houses weekend December 18/19
Just a few Open Houses this weekend. Because of the quirks of MLS properties with OH’s both days do not show up in both days’ lists but do if you click on the individual properties. I will publish the updated list for Sunday tomorrow at 8 a.m.
Click on these links for details: (more…)
New Listings and Inventory Update
Very few New Listings (the state of inventory is shown later in this article).
Click these links for details: (more…)
Open Houses Sunday December 12
Just a few Open Houses today.
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Open Houses weekend December 11/12
Just a few Open Houses this weekend. Because of the quirks of MLS properties with OH’s both days do not show up in both days’ lists but do if you click on the individual properties. I will publish the updated list for Sunday tomorrow at 8 a.m.
Click on these links for details: (more…)
New Listings and Latest Inventory Report
Just a handful of New Listings (the state of inventory is shown later in this article).
Click these links for details: (more…)
New Listings and Inventory Update
A small number of New Listings (the state of inventory is shown later in this article).
Click these links for details: (more…)
Big Jump in 2022 Conforming Mortgage Limits
Fannie Mae and Freddie Mac are restricted by law to purchasing single-family mortgages with origination balances below a specific amount, known as the “conforming loan limit.” Loans above this amount are known as jumbo loans.
In most of the US the 2022 limit will increase 18 % from $548,250 to $647,200, but in Essex County the limit will rise to $770,500, meaning that the buyer of a Single Family Home, with 20% down, can purchase a house up to $963,125 with a conventional mortgage.
The national conforming loan limit for mortgages that finance single-family one-unit properties increased from $33,000 in the early 1970s to $417,000 for 2006-2008, with limits 50 percent higher for four statutorily-designated high cost areas: Alaska, Hawaii, Guam, and the U.S. Virgin Islands.
Since 2008, various legislative acts increased the conforming loan limits in certain high-cost areas in the United States. While some of the legislative initiatives established temporary limits for loans originated in select time periods, a permanent formula was established under the Housing and Economic Recovery Act of 2008 (HERA). The 2022 conforming loan limits have been set under the HERA formula.
Andrew Oliver, M.B.E.,M.B.A.
Market Analyst | Team Harborside | teamharborside.com
REALTOR®
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReportsMA.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
“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.”
__________________
Andrew Oliver
REALTOR® | Market Analyst | DomainRealty.com
Naples, Bonita Springs and Fort Myers
Andrew.Oliver@DomainRealtySales.com
m. 617.834.8205
www.AndrewOliverRealtor.com
www.OliverReportsFL.com
Open Houses weekend December 4/5
Here are the the Open Houses this weekend. Because of the quirks of MLS properties with OH’s both days do not show up in both days’ lists but do if you click on the individual properties. I will publish the updated list for Sunday tomorrow at 8 a.m.
Click on these links for details: (more…)
New Listings and Inventory Update
These are the New Listings after Thanksgiving (the state of inventory is shown later in this article).
Click these links for details: (more…)
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