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DECEMBER 6, 2011
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How to Find an Affordable Home in Boston / Metro West
Think you can't afford to buy a home in the greater Boston Area? Think again. We recently took a look at the inventory that has been selling in a few towns west of Boston and found that the news is good - for buyers at least. Buying a home in Cambridge MA is often reputed to be a venture for the wealthy... read more
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Avenue 3's Week in Review is just that, a weekly update of the sales activity in Boston MA and the surrounding towns. In each newsletter we highlight tips for buying and selling property or post updated information on community activity and up-to-date news on Massachusetts laws regarding home safety, etc. If you'd like to receive this newsletter( and we hope you do) here's the place to subscribe!
You're ready to hit some Open Houses Sunday but your time is limited due to weekend chores, holiday shopping and of course, some much needed chilling time to catch-up on. So we're suggesting these 3 steps that will prepare you to make the experience efficient, easy and professional!
Step 1: Begin right here at the Avenue 3 Open House Search. You can browse through all the towns in Massachusetts, check open house hours and view property specifics in every property category. Once you have identified the properties you're visiting you can move on to step 2.
Step 2: Walkability Index. You will find this a very useful tool, especially if you are not familiar with the town are neighborhood of the homes, condos or multi-family properties you have identified in your price range. Just insert the address of a property and you will get the distance to the nearest public transportation, restaurants, shopping and even the commute to a work location! You'll find all that info right here: WalkScore.
Step 3: Register here with Avenue 3 and you'll have access to the recently sold properties in the neighborhood that you are visiting and considering as a place to live. This info will help you determine value on properties in the area and help you determine a future price on a home you find interesting.
There you have it! You're ready to go and look at the open houses in Arlington MA or the anywhere in the Boston Metro West Area.
Contact Us we're available to help you in anyway with any additional real estate questions. You can also download our very informative and useful Better buyer Kit here!
Download Free Home Buying Kit
Find tips on buying a home by downloading our very informative Better Buyer Kit.
NOVEMBER 30, 2011
"Pending Home Sales up by most in almost a Year"
by Reuters, November 30, 2011
"Pending sales of existing U.S. homes surged in October by the most in nearly a year as Americans took advantage of low interest rates for mortgages, data from a real estate trade group showed on Wednesday.
The National Association of Realtors Pending Home Sales Index, based on contracts signed in October, rose 10.4 percent to 93.3 from 84.5 in September. That was the biggest monthly gain since November 2010. Economists polled by Reuters had expected pending home sales to climb 1.5 percent."We hope this indicates more buyers are taking advantage of the excellent affordability conditions," said NAR economist Lawrence Yun.
The U.S. Federal Reserve has held short-term interest rates at nearly zero since 2008 and has expanded its balance sheet in a bid to get credit to businesses and households.
The Fed said in September it would renew its effort to help the housing market by reinvesting some of the maturing debt it holds into mortgage-backed securities.
That has helped bring 30-year mortgage rates to record lows."
And here is the weekly pending home sales activity for that past week in the Greater Boston Area:
Avenue 3's Week in Review is just that, a weekly update of the sales activity in Boston MA and the surrounding towns. In each newsletter we highlight tips for buying and selling property or post updated information on community activity and up-to-date news on Massachusetts laws regarding home safety, etc. If you'd like to receive this newsletter( and we hope you do) here's the place to subscribe!