Sales of single family homes in the 3-county Pioneer Valley area of western Massachusetts were up 7.6 percent in January. The median price rose 3.4 percent from $179,000 in January 2014 to $185,000 in January 2015. Individual county reports vary.
The results of Fannie Mae’s January National Housing Survey points to optimism in the economy which has spilled over into the housing market. More consumers are saying now is a good time to get off the sidelines and buy a home. The numbers are equally strong for those who said now is a good time to sell.
Twenty-eight million viewers are expected to see NAR’s latest “Real People” commercials when the ad campaign kicks off Feb. 8 during the 57th annual Grammy Awards on CBS. In the ads, real people talk about the benefits of combining insights from REALTORS® with realtor.com®’s accuracy. NAR gave permission for RAPV to be among the first to play the ads for a group audience prior to their national debut. We played the TV and radio ads for 185 members during our President’s Award Banquet Feb. 5 at Hadley Farms Meeting House.
Equipped with RPR Mobile™, Realtors® can use their phone’s location to instantly view any property around them, and get listing, sales, valuation, assessment, deed, foreclosure, school, photos, maps, and market trend information. Realtors® can create, customize, view, save, and send RPR’s full library of report options, and add photo, audio, and text notes to properties. Check out the new video “What is RPR Mobile™ to learn more about the new mobile app designed exclusively or Realtors® – all at no cost.
With old man winter shaking down the east coast this week spring seems like an impossible dream. However, we know it will eventually arrive. With the spring comes the spring market and some first-time sellers. Here are some tips to share with those selling a home for the first time.
Most of your clients are likely communicating with you through email. So what’s the most effective way to get them to read them? This article helps you craft a better, simpler, and more concise email. This refresher is a great business resolution for 2015.
The number of single-family homes sold in 2014 went up a modest 0.6 percent from 2013 (4,686 in 2014 from 4,655 homes in 2013). Historically it was a mixed year with sales up 6 of the last 12 months.
The median price for a single-family home when up 2.7 percent from $187,500 in 2013 to $192,500 in 2014. Historically the median price was up 10 of the last 12 months.
Click here to view the 2014 sales report. The report includes Franklin, Hampden and Hampshire counties broken out separately.
December ended strong with sales up 9.2 percent and median price up 1.9 percent. Click here to view the December report.
NAR Chief Economist Lawrence Yun discusses his expectations for the economy and the national housing market in a recently released article. He expects home sales is rise 7 percent and the economy to continue to strengthen. To read his comments and view the video, click here.
Inflation, as measured by the Christmas Price Index, based on purchasing all 12 items in “The Twelve Days of Christmas,” rose 1% in 2014 and now stands at $27,673. The most expensive item: seven swans-a-swimming at $7,000. Six geese-a-laying rose 71.4% and now cost $360. In a good sign for housing, pear trees, the home of the partridge, jumped just 2.0%. Merry Christmas and Happy Hanukkah!
Elliot F. Eisenberg, Ph.D.
Graphs and Laughs, LLC
This article provides a comprehensive look at new technologies from 2014. Many of these have practical application in real estate, especially for those REALTORS® who are constantly on the go and managing clients. http://www.businessinsider.com/most-innovative-gadgets-2014
The MEDIAN PRICE in the 3-county Pioneer Valley area of western Massachusetts was $190,500 in November, a 5.8 percent increase from $180,000 posted in November 2013. This is the third straight month the single family median price has increased. During 2014 the price has risen nine out of eleven months.
SINGLE FAMILY SALES were down 5.7 percent. There were 350 sales this November compared to 371 in November 2013. Sales have gone up five out of the past eleven months.
County reports vary.
- Mortgage rates heading up,
- Millennials set to buy,
- Pace of new construction to pick up,
- Credit is a continuing factor,
- Foreclosure era set to end
These are the five housing market predictions for 2015 made by contributors to Huffington Post.
To read the entire article, click here.
NAR is welcoming a Dec. 8 announcement from the Federal Housing Finance Agency (FHFA) that first-time home buyers will be able to qualify for mortgages with down payments as low as 3 percent. In a statement, NAR said the government’s action demonstrates its “commitment to home ownership by serving creditworthy borrowers who lack the resources for substantial down payments …. The new program ensures that responsible home buyers will have access to safe, affordable mortgage credit.” More info.
Despite an improving job market and low interest rates, the share of first-time buyers fell to its lowest point in nearly three decades and is preventing a healthier housing market from reaching its full potential, NAR’s annual Profile of Home Buyers and Sellers finds. The survey additionally found that an overwhelming majority of buyers search for homes online and then make their purchase through a real estate agent.
SALES – Single family sales in the 3-county Pioneer Valley area of Massachusetts rose 6.3 percent in October. There were 471 sales this October compared to 443 in October 2013. This is the third straight month that single family sales have increased.
MEDIAN PRICE was $195,000 which is up 5.4 percent from $185,000 in October 2013. The median price has increased 8 out of the last 10 months.
Read the full report which includes inventory levels, supply at current rate of sale, days on market, and listings under agreement.
County reports will vary.
The Massachusetts Association of REALTORS® (MAR) reported this week that pending sales of single family home sales were up for the 20th straight month according to October Future Indicators Report. The report indicated there was a 23.5 percent increase is accepted offers compared to the same month the year before. Pending sales for the REALTOR® Association of Pioneer Valley rose .8 percent in October, from 514 single family homes in October 2013 to 518 in October 2014.