The South Coast Real Estate Round-Up


One Minute Housing Market
Take one minute to update yourself on what is happening in the local housing world.

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general. 

Please click on this link to view the Housing Trends February 2017 Newsletter http://ezhomesearch.housingtrendsenewsletter.com  

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources. 

Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports. 

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report: 

http://www.ezhomesearch.net/FreeHomeValuation

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future. 

Sincerely yours, 

Christopher Terry

Broker/Owner/Founder
E Z Home Search Real Estate

Christopher Terry is a licensed real estate broker in Ma and RI, has completed the Accredited Buyer Representative Certification, is a graduate of the Certified Distressed Property Institute, holds the prestigious CDPE designation, is a 4-Time winner of the Master Sales Society's 5/50 Award and is the founder of EZ Home Search Real Estate Inc. 
Posted by Christopher Terry on March 14th, 2017 11:14 AM

One Minute Housing Market
Take one minute to update yourself on what is happening in the local housing world.

Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general. 

Please click on this link to view the Housing Trends January 2017 Newsletter http://ezhomesearch.housingtrendsenewsletter.com 

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources. 

Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports. 

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report: 

http://www.ezhomesearch.net/FreeHomeValuation

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future. 

Sincerely yours, 

Christopher Terry

Broker/Owner/Founder
E Z Home Search Real Estate

Christopher Terry is a licensed real estate broker in Ma and RI, has completed the Accredited Buyer Representative Certification, is a graduate of the Certified Distressed Property Institute, holds the prestigious CDPE designation, is a 4-Time winner of the Master Sales Society's 5/50 Award and is the founder of EZ Home Search Real Estate Inc. 
Posted by Christopher Terry on February 9th, 2017 10:16 AM

Every year the housing market changes. In the last decade we have seen very high highs, and very low lows. But it is predicted that the 2017 housing market will even out, creating a steady amount of inventory and demand in the upcoming year. Below are some of the specifics that we can expect in 2017.

Market Activity

We discussed the economy’s effect on interest rates in great depth in a previous post (Click Here to See Post) of ours, but here’s a small recap if you missed it. Immediately after the election results came in, mortgage rates increased. They continued on an upward trend through the end of 2016, and with the Federal Reserve’s December announcement to increase interest rates, we can expect the mortgage rates to continue to rise. Typically, when rates begin to go up, buyers come out earlier in the selling season to try to lock in lower rates, so that is something agents can expect this year.

Inventory

By 2017, sellers have finally regained enough equity in their homes to feel comfortable putting them on the market, the feeling is that this will mean that there will be more homes on the market than we have seen in recent years. Often, when mortgage rates go up, price appreciation goes down so that the overall cost of buying a home isn’t absurdly high. Therefore we often see that the homeowners who are thinking they will sell in the next few years consider selling sooner rather than later because they don’t want to risk selling their home for less in the future than they can sell it now. Thus, early 2017 could see higher inventory and activity than we usually see in the winter months.

Financing

Though the rates are increasing, credit is not as hard to get as it was directly after the recession. The Federal Housing Finance Agency even announced that it will increase lending limits for 2017. The increase of the conforming loan limits is the first time these have changed since 2006. The limit will rise to $424,100 from $417,000. Some lenders are also offering new mortgage programs that call for a modest down payment and don’t require buyers to purchase an FHA loan.  Typically, lenders require credit scores of at least 620 to qualify. We’re also seeing more products form municipal housing agencies that assist many first-time buyers. All of this is in addition to Fannie Mae and Freddie Mac programs that allow for as little as a 3% down-payment for first-time home buyers with loan amounts below the conforming threshold.

Bottom Line

Overall, there is an optimism surrounding the 2017 housing market predictions, and the hopes are that we will see a thriving market throughout this new year.

Christopher Terry is a licensed real estate broker in Ma and RI, has completed the Accredited Buyer Representative Certification, is a graduate of the Certified Distressed Property Institute, holds the prestigious CDPE designation, is a 4-Time winner of the Master Sales Society's 5/50 Award and is the founder of EZ Home Search Real Estate Inc. 

Posted by Christopher Terry on February 5th, 2017 8:12 AM
Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general. 

Please click on this link to view the Housing Trends December 2016 Newsletter http://ezhomesearch.housingtrendsenewsletter.com 

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources. 

Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports. 

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report: 

http://www.ezhomesearch.net/FreeHomeValuation

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future. 

Sincerely yours, 

Christopher Terry
E Z Home Search Real Estate
798 Stafford Rd Fall River MA 02721 508-646-4777 105 | chris@ezhomesearch.net 



Posted by Christopher Terry on January 5th, 2017 7:13 PM
Hot of the Press! The Massachusetts Association of Realtors® (MAR) releases November's Year-Over-Year single family and condominium statistics and it looks like all of the election news didn't stop home buyers from being in the market pushing the state wide single family median sales prices to the highest level for November since 2004.

Meanwhile inventory of detached single family homes continued its downward trend reaching it's lowest levels since January 2004.

Median prices and sales for condominiums both rose for the month.

November Closed Sales:
Single Family  November 2016 November 2015 % Change 
Sales 4,7843,990 +19.9%
Median $ $365,000$344,500+6.0%
Closed sales have been flat or up 10 of the last 12 months. Median prices have been flat or up 11 of the last 12 months.

Condominium  November 2016 November 2015 % Change
Sales 1,723 1,505+14.5%
Median $ $339,900$335,000+1.5%
Closed sales have been up for 10 of the last 12 months. Median prices have been up or flat 11 out of the last 12 months.

Inventory and Days on Market:
Single Family November 2016 November 2015 % Change 
 Inventory14,30021,862-34.6% 
 Months of Supply 2.94.9 -40.8% 
 Days on Market75 95 -21.1% 
 New Listings4,090 4,179 -2.1 
58 straight months of year-over-year inventory decreases. New listings added to the market are down for the eighth straight month.

CondominiumNovember 2016 November 2015 % Change 
 Inventory3,887 5,592 -30.5% 
 Months of Supply 2.1 3.2 -34.4% 
 Days of Market59 73 -19.2% 
 New Listings1,5681,530 +2.5% 
Inventory has been down 11 out of the last 12 months. New listings added to the market has been up for the fifth time in 12 months.

The Massachusetts Association of Realtors® is a professional trade organization with more than 24,000 members and was organized in 1924. The term Realtor® is registered as the exclusive designation of members of the National Association of Realtors® who subscribe to a strict code of ethics and enjoy continuing education programs
Posted by Christopher Terry on January 3rd, 2017 5:38 PM
Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general. 

Please click on this link to view the Housing Trends  for November 2016 Newsletter: http://ezhomesearch.housingtrendsenewsletter.com 

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources. 

Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports. 

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report: 

http://www.ezhomesearch.net/FreeHomeValuation

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future. 

Christopher Terry
E Z Home Search Real Estate
798 Stafford Rd Fall River MA 02721 508-646-4777 105 | chris@ezhomesearch.net 

Posted by Christopher Terry on December 12th, 2016 6:07 PM
Welcome to Octobers Edition of our Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general. 

Please click on this link to view the Housing Trends October 2016 Newsletter http://ezhomesearch.housingtrendsenewsletter.com 

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources. 

Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports. 

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report: 

http://www.ezhomesearch.net/FreeHomeValuation

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future. 

Christopher Terry
E Z Home Search Real Estate
798 Stafford Rd Fall River MA 02721 508-646-4777 105 | chris@ezhomesearch.net 
Posted by Christopher Terry on November 8th, 2016 5:54 PM
Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general. 

Please click on this link to view the Housing Trends September 2016 Newsletterhttp://ezhomesearch.housingtrendsenewsletter.com 

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources. 

Housing Trends eNewsletter is filled with local and national real estate sales and price activity provided by MLSs and the National Association of Realtors, U.S. Census Bureau key market indicators, consumer videos, blogs, real estate glossary, mortgage rates and calculators, consumer articles, and REALTOR.com local community reports. 

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report: 

http://www.ezhomesearch.net/FreeHomeValuation

Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future. 

Christopher Terry
E Z Home Search Real Estate
798 Stafford Rd Fall River MA 02721 508-646-4777 105 | chris@ezhomesearch.net 
Posted by Christopher Terry on October 7th, 2016 7:25 AM

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