In the April 25th release of the Beige Book , the Federal Reserve report shows promise for the greater Boston's real estate market. Noted in the Summary that: " In contrast, the Boston District reported that the volume of residential sales across New England shows signs of increasing, though prices remained below 2006 levels."
More specifically, the Boston section of the report says:
"Residential Real Estate
Across New England, the volume of residential sales shows signs of increasing. In Massachusetts, sales volume increased year-on-year in both January and February. Single-family home sales reported from Massachusetts multiple listing services increased 1.2 percent in February from a year earlier after a double-digit year-on-year increase in January. Contacts in New Hampshire and Maine also cite signs of improved sales activity. Increased sales volume and lower overall inventory has led to improved supply conditions in regional markets. In Massachusetts, the total number of listings decreased 17 percent from February 2006 to February 2007. At the current pace of sales, there is around 12.3 months of supply in the Massachusetts market, down from over 15 months in February 2006. Market conditions, however, continue to favor buyers across the region, as supply exceeds what contacts feel is balanced in most locations.
Though sales volume is increasing, prices remain below their previous year levels. In Massachusetts, single family home prices were down in February from the previous year's levels by around 4 percent while condominium prices were down 1.8 percent. Contacts in Connecticut, Maine, and New Hampshire also report year-on-year price declines.
Overall, contacts are encouraged by recent changes, suggesting that New England residential markets are returning to what they term more normal conditions. "
You can read the full APRIL 25th REPORT HERE.
Monday, April 30, 2007
Thursday, April 26, 2007
Buyer's Market: If It's On the Front Page, Does That Make It Official?
Front page article on today's Patriot Ledger (complete with color photo !) "FOR SOME, A TIME TO BUY". The feature story by Andrew Lightman tells why two couples chose to buy now. One couple wanted out from their apartment. The other buyers are engaged to be married this fall and saw the 'buyer friendly' market as the opportunity to buy now.
Both are taking advantage of the continuing low interest rate and large inventory of homes for sale. Interviews with the publications editor of the Warren group and a local Realtor, reinforced the advantages that buyers have today. This is particulary true for first time home buyers, as they do not have to worry about how long it might take to sell.
There is no guarantee as to how long either the interest rate will stay low with a large inventory.
The lesson is that if you want to benefit from today's market conditions conditions, you have to stop being a "looker" and turn yourself into a "buyer"!
Both are taking advantage of the continuing low interest rate and large inventory of homes for sale. Interviews with the publications editor of the Warren group and a local Realtor, reinforced the advantages that buyers have today. This is particulary true for first time home buyers, as they do not have to worry about how long it might take to sell.
There is no guarantee as to how long either the interest rate will stay low with a large inventory.
The lesson is that if you want to benefit from today's market conditions conditions, you have to stop being a "looker" and turn yourself into a "buyer"!
Wednesday, April 25, 2007
Annex Real Estate School Announces May Weekend Class
Annex Real Estate School has announced a Weekend Class to prepare students for the Massachusetts Real Estate Salesperson Exam. This intensive course begins on Friday evening, May 18th and continues on Saturday and Sunday, and will meet the mandatory state requirements.
All pre-licensing courses at Annex Real Estate School are taught by experienced Massachusetts Real Estate brokers who are also licensed Real Estate Instructors.
You can call 617-472-4330 ext 333 to request a brochure and application or email AnnexRealEstateSchool@comcast.net
Visit the School Website for more information
The cost of the course is only $200 which includes the texts: "Modern Real Estate Practice", "Massachusetts Real Estate, Practice and Law" from Dearborn Publishing, and "Massachusetts Real Estate Rules and Regulations". Upon successful completion of the course, students will also receive the "State of Massachusetts Real Estate Candidate Handbook.
All pre-licensing courses at Annex Real Estate School are taught by experienced Massachusetts Real Estate brokers who are also licensed Real Estate Instructors.
You can call 617-472-4330 ext 333 to request a brochure and application or email AnnexRealEstateSchool@comcast.net
Visit the School Website for more information
The cost of the course is only $200 which includes the texts: "Modern Real Estate Practice", "Massachusetts Real Estate, Practice and Law" from Dearborn Publishing, and "Massachusetts Real Estate Rules and Regulations". Upon successful completion of the course, students will also receive the "State of Massachusetts Real Estate Candidate Handbook.
More Good Real Estate News for the South Shore of Boston
In a feature article on the Business page of last night's Patriot Ledger, Steve Adams says "The South Shore may have some of the state's best bargains for house hunters this spring"....."In a sign that the real estate downturn may be approaching its nadir, however, sales activity rebounded in the first quarter statewide."
Using data releaed by the Massachusetts Association of Realtors, the median price of a single family home in the region fell 4.3 percent from a year ago compared with 1.1 percent, statewise.
“The housing market in Massachusetts is gaining momentum and we can continue to feel good about where it is headed,” said MAR President Doug Azarian, broker/owner of Century21 Dream Homes in Falmouth. “With prices remaining stable and supplies decreasing, we can expect the spring home buying season to be active.”
So what does it mean for buyers and sellers? Good news for Sellers: Buyers are out there, and they're really looking to buy! Good news for Buyers: Sellers have repriced and the prices are near bottom with good interest rates still there!
If Buyers and Sellers can get past the gloomy news that had been prevalent for some months, they can make the deal that will satisfy both.
Using data releaed by the Massachusetts Association of Realtors, the median price of a single family home in the region fell 4.3 percent from a year ago compared with 1.1 percent, statewise.
“The housing market in Massachusetts is gaining momentum and we can continue to feel good about where it is headed,” said MAR President Doug Azarian, broker/owner of Century21 Dream Homes in Falmouth. “With prices remaining stable and supplies decreasing, we can expect the spring home buying season to be active.”
So what does it mean for buyers and sellers? Good news for Sellers: Buyers are out there, and they're really looking to buy! Good news for Buyers: Sellers have repriced and the prices are near bottom with good interest rates still there!
If Buyers and Sellers can get past the gloomy news that had been prevalent for some months, they can make the deal that will satisfy both.
Tuesday, April 24, 2007
Annex Real Estate School Announces Next Accelerated Real Estate Brokers Class Will Start April 30th
Annex Real Estate School announced today that the next Accelerated Massachusetts Real Estate Brokers Class will start on April 30th. Massachusetts Real Estate Salespersons who wish to advance their Real Estate career to Broker must take 30 hours of instruction at an Approved Real Estate School as a prerequisite to taking the state exam. Annex Real Estate School now offers a small, accelerated course that meets the state requirements. This accelerated format has already been successfully tried with a small group, demonstrating the need and feasibility of such a course.
This group will meet 10 hours per week for 3 weeks at the school's location in Wollaston.
This course costs only $250 which includes books "Modern Real Estate Practice", "Massachusetts Real Estate, Practice and Law" from Dearborn Publishing, and "Massachusetts Real Estate Rules and Regulations",and class material. This Brokers class will also receive "Guide to Passing the Promissor Real Estate Exam" (Dearborn Publishing.) This book recently received a 5 star review on Amazon.com
Upon successful completion of the course, students will also receive the "State of Massachusetts Real Estate Candidate Handbook.
All of Annex Real Estate School's pre-licensing courses are taught by experienced Real Estate Brokers who are also licensed by the state as Real Estate Instructors.
Call NOW 617-472-4330 ext 333 to arrange for your place in this class.
The PR Leap online press release service has just posted more information about this class to the Internet.
Email AnnexRealEstateSchool@comcast.net
Website: http://annexrealestateschool.home.comcast.net/
This group will meet 10 hours per week for 3 weeks at the school's location in Wollaston.
This course costs only $250 which includes books "Modern Real Estate Practice", "Massachusetts Real Estate, Practice and Law" from Dearborn Publishing, and "Massachusetts Real Estate Rules and Regulations",and class material. This Brokers class will also receive "Guide to Passing the Promissor Real Estate Exam" (Dearborn Publishing.) This book recently received a 5 star review on Amazon.com
Upon successful completion of the course, students will also receive the "State of Massachusetts Real Estate Candidate Handbook.
All of Annex Real Estate School's pre-licensing courses are taught by experienced Real Estate Brokers who are also licensed by the state as Real Estate Instructors.
Call NOW 617-472-4330 ext 333 to arrange for your place in this class.
The PR Leap online press release service has just posted more information about this class to the Internet.
Email AnnexRealEstateSchool@comcast.net
Website: http://annexrealestateschool.home.comcast.net/
Monday, April 23, 2007
Red Sox Sweep Series and Tie Four HR Record
One of the benefits of growing up the the greater Boston area is being a Red Sox fan. You don't have to attend every game or sit glued to the TV to share in Red Sox pride as part of the Red Sox Nation.
But several times, last night I went back to ESPN to catch up on the score. Red Sox vs Yankees....as the lead switched back and forth, my switching channels became less frequent. Go Sox! Well, we all know the the game ended with our Red Sox winners 7-6. As for the 4 straight home runs in the 3rd inning, that was frosting on the cake.
But several times, last night I went back to ESPN to catch up on the score. Red Sox vs Yankees....as the lead switched back and forth, my switching channels became less frequent. Go Sox! Well, we all know the the game ended with our Red Sox winners 7-6. As for the 4 straight home runs in the 3rd inning, that was frosting on the cake.
Wednesday, April 18, 2007
Weekend Class Coming up at Annex Real Estate School AND Special Offer
Start your real estate career by preparing for the Massachusetts Real Estate Saleperson examination at Annex Real Estate School on one weekend.
This Massachusetts state required class will be held in Quincy starting on Friday evening, April 27, and continuing days April 28 and 29. Massachusetts requires students to attend all 24 hours of classsroom instruction to qualify for the examination.
Annex Real Estate School is conveniently located at 49 Beale Street in the Wollaston section of Quincy near the Wollaston T stop on the Red Line. Map of 49 Beale St Quincy, MA 02170-2618, US
The cost of the course is only $200 which also includes two texts,"Modern Real Estate Practice" and "Massachusetts Real Estate: Practice & Law" (Dearborn), as well as a copy of "Massachusetts Real Estate License Law and Regulation". Those who complete the course will also receive "The Real Estate Candidate Handbook".
All Annex Real Estate School pre-licensing courses are taught by Massachusetts licensed Real Estate Brokers who are also licensed by the state as Real Estate Instructors.
Call now 617-472-4330 ext 333 to reserve your place in this popular class, or Email .
Visit the website: http://AnnexRealEstateSchool.Home.comcast.net
CALLERS: Ask about the Special Offer
This Massachusetts state required class will be held in Quincy starting on Friday evening, April 27, and continuing days April 28 and 29. Massachusetts requires students to attend all 24 hours of classsroom instruction to qualify for the examination.
Annex Real Estate School is conveniently located at 49 Beale Street in the Wollaston section of Quincy near the Wollaston T stop on the Red Line. Map of 49 Beale St Quincy, MA 02170-2618, US
The cost of the course is only $200 which also includes two texts,"Modern Real Estate Practice" and "Massachusetts Real Estate: Practice & Law" (Dearborn), as well as a copy of "Massachusetts Real Estate License Law and Regulation". Those who complete the course will also receive "The Real Estate Candidate Handbook".
All Annex Real Estate School pre-licensing courses are taught by Massachusetts licensed Real Estate Brokers who are also licensed by the state as Real Estate Instructors.
Call now 617-472-4330 ext 333 to reserve your place in this popular class, or Email .
Visit the website: http://AnnexRealEstateSchool.Home.comcast.net
CALLERS: Ask about the Special Offer
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