Volume 7 Issue #1, Sunday, January 1, 2023

Mortgage rates and construction costs are both going to stay high!

The Federal Reserve hammered both sides of the housing market in 2022. Rising mortgage rates kept home purchases out of reach for many, while higher building costs made it difficult for sellers to reduce the prices of new homes. The National Association of Homebuilders (NAHB) declared a recession in the housing market in August. (Industries can experience recessions while the broader economy is not in a recession).

A 5-minute read.

The following articles in Hickman-Coen Home Team’s “Real News You Can Use” newsletter were the most widely read stories of 2022!


A 2-minute read.

After enduring three difficult years from 2020 through 2022, home buyers might find a slightly more hospitable housing market in 2023.

The 2020s have mistreated home buyers. 2023 could mark a turning point in which the housing market gives them a fairer shake. Here are real estate trends to watch for in the coming year.
 
A 6.5-Minute Read.

Over the past few years, a real estate buying frenzy bid up home prices to eye-popping amounts. However, as mortgage rates have risen, buyer demand has cooled. Consequently, home sellers who enter the market today may need to reset their expectations.

An 8-Minute Read

Equity is the current value of your home minus what you owe on loan(s).

If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates.

A 2-Minute Read
Hickman-Coen Home Team
November Activity!

For Sale

Commercial Property For Sale
Sold
22 Julie Road, Easton, MA $875,000
274 Mount Auburn St., Watertown $620,000

Offer Accepted/Under Agreement
30 Chickering Rd., Dedham,


For More Information...
Call or Text our Team Leaders: Karen Hickman, 617-821-1665 or
Helen Coen, 617-416-8173
Wondering what housing experts are calling for in 2023 and how it impacts your plans? Let’s connect so you’re prepared for what’s to come in the new year.
November 2022 Neighborhood Local Market Insights and Local Housing Data

Choose your neighborhood and review last month's Unit Sales, Median Sales Price, Inventory, Median Sales Price Per Sq Ft., Days on Market, Months of Supply, and Sold % of Listing Price.

Simply click on the neighborhood below that interests you! At the link, you can choose from Single Family, Condominium, or Multi-Unit.



Local Market Insights and Local Housing Data are
automatically updated by the 7th of each month!

Americans across the U.S. are preparing for what has been described as a major winter storm, as forecasters warn of treacherous holiday travel and life-threatening cold for many in the nation.
From potentially record-low temperatures to rare and hazardous arctic air mass, the days leading up to Christmas this holiday season impose challenges for much of the Northeast, Northwest, and Midwest regions.

A 4-minute read.

When a winter storm hits, many homeowners anticipate snow removal will mean quickly shoveling walkways and driveways. But plenty of folks delay the cleanup or do it incorrectly. And unfortunately, the ramifications of this can be fairly severe. Not handling snow and ice removal correctly can result in major issues, including roof damage and clogged gutters. At times, mishandling snow removal can even turn dangerous.

A 4-minute read.

Experience winter wonder in Boston with inviting igloos and outdoor skating rinks, a calendar full of wine festivals, sporting events, performing arts, culinary activations, and more. We invite you to see the Hub as never before!

A 2-minute read
Karen & Barry Hickman 617-821-1665
Helen & Jim Coen 617-416-8173