Volume 7 Issue #10, Sunday, October 1, 2023 | |
Mortgage rates have reached their highest levels in over two decades. The current average 30-year fixed mortgage rate now sits at 7.31%, sidelining both home buyers and sellers hoping to wait out and hope for improvements to the housing market. Yahoo Finance's Live Josh Lipton and Julie Hyman analyze the current housing market and conditions contributing to the rise in mortgage rates.
A 3-Minute Read,
Read More at Yahoo Finance
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The median sale price of single-family homes and condominiums in Massachusetts broke new records in August despite double-digit declines in activity, according to a new Warren Group report. The median single-family sale price increased 6.2% to $600,000 in August, a new high for the month. Last month, 5,753 single-family homes sold in the Bay State, down 23.6% from 4,397 in August 2022.
A 2.5-Minute Read.
Read More at Boston Agent Magazine
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Many homeowners are already facing an insurance crisis in states like Florida and California. But it will likely affect people in the Boston area in the years ahead.
According to the First Street Foundation, a non-profit that studies climate risks, it's becoming more expensive to insure property because of natural disasters made worse by climate change.
Click here to Watch the Video and Read the Article
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Boston Mayor Michelle Wu delivered a trainload of good news to the real estate industry at Back Bay’s Plaza Hotel last week in the form of policies that look like true win-wins for industry and everyday Bostonians, alike.
Leaving aside the headline item – a long-promised rezoning of the city – for the moment, we first direct your attention to the 18-minute and 24-minute marks in her speech.
A 3-Minute Read.
Read More at Banker and Tradesman
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Hickman-Coen Home Team
September Activity!
Sold
135 Lagrange St.,
Chestnut Hill $2,700,000
Under Agreement
152 Church Street, West Roxbury
13 Tilton Court, Walpole
78 Dunster Rd, Framingham
225 Baker St. #4, West Roxbury
For Rent
4383 Washington St., Unit 1, Roslindale, $3050
98 Dale St., #2, Dedham $2500
For More Information...
Call or Text: Karen Hickman, 617-821-1665 or
Helen Coen, 617-416-8173
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Neighborhood Housing
Market Reports
for August 2023
Look at each neighborhood's current average Listing Price, $ Per Sq Ft., # of Listings, Ave. Sq. Ft., Days on Mkt. Etc.
September Market Reports will be available on October 15th.
Simply click on the neighborhood below that interests you! You can choose from Single Family, Condominium, or Multi-Unit at the link.
August 2023 Market Reports: Brookline, Dedham, Hyde Park, Jamaica Plain, Newton, Norwood, Roslindale, West Roxbury, Westwood
Click Here to see a market report for a town or neighborhood not listed above!
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The Greater Boston area was found to be the 14th most competitive market in the U.S. in 2023. On average, a rental in Boston will be vacant for 35 days. Even if competition has decreased within the past year, there continues to be an issue of lack of inventory. More than 95% of apartments in the Greater Boston area are occupied, RentCafe estimates.
A 2-Minute Read.
Read More at Boston.com
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The four most valuable housing markets have remained largely unchanged over the past five years — and Boston is right there among them, according to a new report from Zillow.
Trailing New York City, Los Angeles and San Francisco the Boston metro’s was valued at roughly $1.3 trillion, as of June 2023, reflecting a year-over-year increase of more than $42 billion. Meanwhile, the total value of the U.S. housing market jumped to $52 trillion in the past year.
A 1.5-Minute Read.
Read More at Boston Agent Magazine
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Everyone knows that fertilizing is a big part of "winterizing" your lawn, but there are some other steps, too that you should take to prepare your grass for winter. But before we discuss fertilizing and the rest, it is helpful to understand why we bother winterizing lawns. Indeed, some of you may be wondering what the point of it is, since the grass doesn't even grow in winter.
A 6-Minute Read
Read More at The Spruce
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