housing market: Luxury Housing Market Beginning to Surge - 11/30/12 08:58 AM
The KCM Crew
 

The National Association of Realtors (NAR) in their last Existing Home Sales Report revealed that sales of homes over $1 million dollars in the country increased 44.1% over the same period last year. One of the reasons for this increase is that financing in the jumbo mortgage market is becoming more readily available.
In an article last week, The Wall Street Journal reported that sales of upper-end homes are increasing by a larger percentage than the rest of the housing market. They came to this conclusion by looking at mortgages in this sector. Here is the … (1 comments)

housing market: 5 Reasons to Buy a Home Now Instead of the Spring - 11/28/12 07:05 AM
Posted: 28 Nov 2012 - KCM Crew 

Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five major reasons purchasers should consider buying:
Supply Is Shrinking
With inventory declining in many regions, finding a home of your dreams may become more difficult going forward. There are buyers in more and more markets surprised that there is no longer a large assortment of houses to choose from. The best homes in the best locations sell first. Don’t miss the opportunity … (0 comments)

housing market: House Prices: Looking for the Bottom? We May Be There - 10/15/12 03:00 PM
by The KCM Crew on October 15, 2012  
With sales and prices increasing in most regions of the country, it looks as though housing recovery is in full swing. There are more and more housing analysts declaring that we have turned the corner. A recent article on money-rates.com explains that now may be the time to act if you are thinking of purchasing a home. “Right now, conditions for buyers are exceptionally good, because current mortgage rates are at record low levels, and housing prices are still well off their peaks.Already though, recent numbers indicate that housing prices are starting … (0 comments)

housing market: Thinking of Vacation or Retirement Home? Buy it Now! - 09/27/12 06:14 AM
by The KCM Crew When the economy was exploding in the early 2000s, many of us began to dream about purchasing that vacation home on the lake or securing a home in a more appropriate location for our retirement years. However, with the booming economy came skyrocketing house prices. Many of the homes we fell in love with quickly became out of reach financially. Perhaps we should take a second look at these same homes today.
With prices dropping by over 30% in some markets and with interest rates at historic lows, this may be the perfect time to do what … (2 comments)

housing market: 5 Reasons to Buy a Home Now - 09/25/12 03:52 PM
by The KCM Crew on September 17, 2012 ·
 
Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five major reasons purchasers should consider buying:
Supply Is Shrinking With inventory declining in many regions, finding a home of your dreams may become more difficult going forward. There are buyers in more and more markets surprised that there is no longer a large assortment of houses to choose from. The best homes in the best locations sell first. Don’t miss … (2 comments)

housing market: Housing Update from Ashley Garner - 08/21/12 06:36 AM
Posted: 21 Aug 2012 Today we are honored to have Ashley Garner, one of the great young minds in real estate, share with us his thoughts on today’s national housing market. Enjoy! – The KCM Crew
The Good News Is… The recovery of the Real Estate Market is unfolding exactly as it should and exactly as we have predicted. We are still in “Step 1” of the recovery, which basically is working to sell off the current oversupply of inventory (too many homes for sale). This oversupply is the reason prices have not yet started to rise in many parts of … (0 comments)

housing market: It's Not GOOD News nor BAD News. It's Just THE News. - 08/13/12 07:34 AM
by The KCM Crew on August 13, 2012 ·
Many people want to look at any news on the housing market and immediately categorize it as either good or bad. In reality, most news about real estate is not ‘good’ nor ‘bad’. It’s just news.Current home values are much lower than just a few years ago. Many see this as bad news. However, there are two competing parties in every real estate transaction. When a house sells today, 50% of the people in the transaction (the sellers) could see the lower prices as bad news. However, the other 50% (the buyers) … (2 comments)

housing market: Should I Rent My House If I Can’t Sell It? - 08/06/12 06:51 AM
by The KCM Crew on August 6, 2012 ·
 

 
There has been a lot written about how buying a home is less expensive than renting one in many parts of the country. Rents are skyrocketing and homes are at bargain prices. These two situations are also causing some sellers to consider renting their home instead of selling it. After all, they can get great rental income now and perhaps wait until house values increase in the future before selling.
This logic makes sense in some cases. We at KCM believe strongly that residential real estate is a great … (6 comments)

housing market: Short Sale vs Foreclosure: the Prices. - 07/27/12 04:34 AM
by The KCM Crew on July 27, 2012 ·
This week, we are looking at the advantages of a short sale over a foreclosure from five different perspectives: Sellers’, Neighborhoods’, Banks’, Prices and the Children. – The KCM Crew

All distressed properties put downward pressure on prices. However, the impact of a short sale is nowhere as drastic as the impact of a foreclosure for two major reasons:
A foreclosure, in most cases, leaves a vacant house in the neighborhood. Vacant, unmaintained homes have a negative impact on the value of other houses in the area. When a distressed property … (0 comments)

housing market: Short Sale vs Foreclosures: the Banks - 07/26/12 04:47 AM
by The KCM Crew on July 26, 2012 ·
 
This week, we are looking at the advantages of a short sale over a foreclosure from five different perspectives: Sellers’, Neighborhoods’, Banks’, Prices and the Children. – The KCM Crew

The banks are beginning to favor offering a short sale to distressed homeowners rather than foreclosing for several reasons:
The short sale sells on average for $27,000 more than a foreclosed property. The bank does not have to take on the expenses and maintenance of a vacant home in a short sale. The banks realize a vacant house impacts the … (0 comments)

housing market: It might still look dark for some.... - 07/18/12 08:30 AM
...and even if you can't see yet...there is light at the end of the Tunnel.
There is a reason why I love numbers. They don't give you baloney. They are what they are. We are free to believe or to ignore them, it is our personal choice and it will take pretty much the same effort, so I chose to share good news...
Over the past 6 months, even though we had some 'slow' months I see things getting brighter and brighter when looking at the 'big picture'.
The US housing recovery continues to gain momentum as June sales and prices rise higher according … (5 comments)

housing market: Westport MA - Real Estate & Homes for Sale in Westport - June 2012 - 07/09/12 10:58 AM
  Westport MA Real Estate & Homes for Sale in Westport - June 2012 -   Westport Ma real estate sales remain strong. In June there were 19 homes sold in Westport compared to May when 14 homes Sold in Westport.SOLD HOMES: The lowest priced house in Westport in the month of June sold for $85,000 (Cash). It was a bank owned home. In May the lowest priced home sold for $51,000 and it was a foreclosure sale in need of rehab. As you can see, this is always the best season to sell homes in Westport. Even touggh the time … (1 comments)

housing market: The Cost of Owning a Home (Last 20 Years) - 06/29/12 01:36 PM
by The KCM Crew on June 29, 2012 ·

Notes from the report: Prices and mortgage payments are based on the median existing single-family home price, averaged from quarterly data to obtain annual prices. Mortgage payments are calculated using the interest-rate average for that year and assume a 20% downpayment and fixed 30-year term. Rent is the median gross monthly rent from the 2010 American Community Survey, indexed using the CPI for rent of primary residence. Income is median household income.
Sources from the report: JCHS tabulations of National Association of Realtors®, Composite Affordability Index (NSA) and Existing Single-Family … (2 comments)

housing market: Another Positive Report for Real Estate - 06/18/12 07:18 AM
Posted: 18 Jun 2012   We often report on shadow inventory and its impact on home prices. We are pleased to announce that CoreLogic just reported that the amount of shadow inventory has fallen to levels not seen since 2008. Mark Fleming, their chief economist, explains:
“Since peaking at 2.1 million units in January 2010, the shadow inventory has fallen by 28 percent. The decline in the shadow inventory is a positive development because it removes some of the downward pressure on house prices. This is one of the reasons why some markets that were formerly identified as deeply distressed, like … (0 comments)

housing market: News Flash: Lenders Are Busy. - 06/16/12 05:30 AM
by Dean Hartman on June 14, 2012
 
As an industry, we are short appraisers, loan officers, processors, underwriters and closers and things are getting backed up.
With rates at (or near) all-time lows and some of the government initiatives kicking into gear (HARP 2.0 and FHA Streamline, as examples) refinances are plentiful. At the same time, sellers have become more realistic in pricing expectations and buyers are jumping off the fence. What sounds like great news is truly not-so-great.
 Normal turnaround times are being strained. Appraisals are delayed. The number of files has processing and underwriting unable to keep up. … (3 comments)

housing market: Buying a Home? What About Greece? The Election? - 06/12/12 07:51 AM
Posted: 12 Jun 2012 04:00 AM PDT- Kevin Miller of KCM
As I travel across the country speaking with thousands of agents a month, I am always amazed at the first two questions I am usually asked:
What impact will the European economic crisis have on real estate here in the U.S.?
Shouldn’t people wait until after the election to find out who will be the President before buying a home?
Today, I want to tell a story about Kevin Miller who works here at Keeping Current Matters and just signed contracts on the home he and Crystal, his wife, … (0 comments)

housing market: Do National Real Estate Headlines Actually Influence Local Markets? - 06/11/12 07:45 AM
by The KCM Crew on June 11, 2012 This is a question we are frequently asked. Local real estate professionals know the best information for either buyers or sellers is local market data. However, we must realize that what happens in the national real estate market dramatically impacts regional and local markets. For example:Are 30 year mortgage interest rates in North Dakota under 4% because of what happened in the their market over the last few years?Of course not. They benefit from lower rates because of what happened in the national economy (if not the world economy).Buyers all over the country … (2 comments)

housing market: Improving Foreclosure Prices Drive Recovery - 06/07/12 05:24 AM
Written by: Steve Cook Tue, June 5, 2012
 
Significant price increases in bank-owned foreclosures are driving gains at the national, regional and local levels, helping home prices turn the corner with small quarterly and yearly gains.
National average prices for bank-owned foreclosures (REO) were up 8.1 percent over a year ago on a median price-per-square-foot basis, according to May data from Clear Capital, and have outpaced non-REO price declines of -0.7 percent by 8.8 percentage points.
“Strength in REO-only price trends as well as some early indications of price gains spreading from low tier sectors to the mid, and higher-priced … (0 comments)

housing market: Everybody Calm Down! The Sky Is NOT Falling - 06/06/12 05:08 AM
by The KCM Crew on June 5, 2012 · After weeks of continuous good news about the housing market, the naysayers jumped all over this month’s Pending Sales Report from the National Association of Realtors (NAR). Pending sales were down from the previous month. This must be proof that all that other positive news on real estate should be ignored – right? WRONG!!
It is true that this month’s numbers were down from last month. However, we must realize we are comparing the numbers to the best month in two years. The numbers are 14.4% higher than the same month last … (1 comments)

housing market: The Emotion Driving the Housing Recovery - 06/06/12 04:52 AM
by The KCM Crew on June 4, 2012This blog often discusses the data behind the housing market. Today, we want to address the emotion behind the market comeback; a belief in homeownership which is still alive and well in this country.A study conducted by Coldwell Banker and psychotherapist Dr. Robi Ludwig found that owning a home is still very much a goal for many Americans. In the study, 91 percent of those surveyed said owning a home is part of the American Dream. A second study by TD Bank, reported similar results:
More than half of consumers polled say homeownership is … (1 comments)

 
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Noemi Cardoso

Westport, MA

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William Raveis Real Estate

Address: 911 Main Rd, Westport, MA, 02790

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Hi welcome to my Blog. I come here to write, vent, repost and share with you thoughts, ideas, experiences and good things that I see and read everyday.
Things you will find here can vary from real estate, current and sold listings, happenings in the Bristol County and surrounding areas all the way to personal experiences, opinions, inspirational quotes and blogs, and whatever else more comes to mind that I believe is worth sharing.
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