Luxury buyers aren’t skimping on the extras….

According to this article, luxury home buyers building new construction homes may be taking a bit longer to make a decision on which house to buy.  But once they decide on the home, they are adding in on average over $100k in upgrades. It’s important to think about resale value when you build new construction, especially when you’re adding in hundreds of thousands of dollars in...
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Home sale prices higher in 1st half of 2011 compared to 2005….could it be true??

Boston.com reports that over 20 towns in Massachusetts have experienced increased median home prices in the first 6 months of this year compared the same time at the peak of the market in 2005.  Could this really be true?  Overall, the market in Massachusetts is down about 17% since 2005.  So how could some towns actually be up?  A number of factors can play into this. While I am not...
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Instead of a short-sale, consider renting your home….

Rentals are heating up, especially in Massachusetts.  Many people have short-sold their homes or have been foreclosed on, and they need a place to live.  Sadly, a lot of people in this position are families who are used to living in single family homes and having their own yard space for kids to play.  In many towns in Massachusetts, there are very few single family homes for rent in...
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Home Values Rose In June 2011

Has housing turned the corner for good? The June 2011 Case-Shiller Index reading posted strong numbers across the board, with each of the index’s 20 tracked markets showing home price improvement from May. Some markets — Chicago and Minneapolis — rose as much as 3.2 percent. The rise in values is nothing about which to get overly excited, however. The Case-Shiller Index is...
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Moving To A New City? See How Much Your Cost Of Living Will Change.

It’s a fact: It’s more expensive to live in some cities than others. Beyond just the costs of buying a home, different cities also carry a different Cost of Living. For households relocating to Massachusetts and across state lines, the change in “life costs” can be jarring. Depending on where you live, everyday expenses — from groceries to gasoline — make a...
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Is it really a buyers market?

Turn on the TV or read the newspaper and you’ll hear that it’s a great time to buy a home.  And it is.   But are the deals as great as the media outlets portray them to be?  The answer is yes…… but in other parts of the country.  Here in Massachusetts we are actually having inventory issues. Not enough nice homes that are priced right.   If you take a quick look at...
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