Our mobile site is optimized for smaller screens.

  • Boston Condos
+ Advanced Search

      Blog :: 03-2016

      Sales Contracts Hit Highest Level in Months

      The National Association of Realtors (NAR) just announced that the February Pending Home Sales Index reached its highest reading since July 2015.

      What is the Pending Home Sales Index (PHSI)?

      NAR's PHSI is "a forward-looking indicator based on contract signings". The higher thePending Home Sales Index number, the more contracts have been signed by buyers that will soon translate to sales. February's Index rose 3.5% month-over-month to [...]

      Boston Luxury Home Sales Aided by Market Familiarity

      Luxury home sales often trace a path that differs from the rest of the market. Just as high-end buyers can afford to take their time to find exactly the property they are looking for, Boston luxury homeowners tend to pick and choose when they will market their properties. That's pretty much what happened in the aftermath of the 2008 housing [...]

      Put Your Housing Cost To Work For You!

      Put Your Housing Cost To Work For You! | Simplifying The Market

      Put Your Housing Cost To Work For You! | Simplifying The Market

      There are many young people debating whether they should renew the lease on their apartment or sign a contract to purchase their first home. As we have said before, mortgage interest rates are still near historic lows and rents continue to rise.

      Housing Cost & Net Worth

      Whether you rent or buy, you have a monthly housing cost.

      As a buyer, you are contributing to YOUR net worth.

      Every mortgage payment is a form of what Harvard University’s Joint Center for Housing Studies calls“forced savings.”

      “Since many people have trouble saving and have to make a housing payment one way or the other, owning a home can overcome people’s tendency to defer savings to another day.”

      The principal portion of your mortgage payment helps build your net worth through building the equity you have in your home.

      As a renter, you are contributing to YOUR LANDLORD’S net worth.

      Below is an example of the home equity that would be accrued over the course of the next five years if you had purchased a home in January; based on the results of the Home Price Expectation Survey.

      Put Your Housing Cost To Work For You! | Simplifying The Market

      In this example, simply by paying your mortgage, you would have increased your net worth by over $44,000!

      Bottom Line

      Use your monthly housing cost to your advantage! Let's meet up to discuss the opportunities available in your market.



      sign up RECEIVE THE LATEST LISTINGS & SAVE SEARCHES Already a member? Sign in here