This is an inflection point for the housing market. Over the past two years, we’ve seen a massive amount of buyer demand (showings) and not enough homes available for sale (listings). Today, supply and demand look very different. Supply is up and demand is down.
Mortgage rates have been on a roller coaster ride this year, rising and falling amid inflationary pressures and economic uncertainty. And even the experts are divided regarding predicting where rates are headed next. This climate has been unsettling for some homebuyers and sellers. However, with proper planning, you can work toward qualifying for the best mortgage rates available today – and open up the possibility of refinancing at a lower rate in the future.
When it comes to a life event as stressful as moving, it pays to have a professional by your side. Here are some of our favorite pro tips to share with clients as they prepare for an upcoming move.
The advantages of downsizing are being increasingly recognized. A “tiny house movement” has gained passionate advocates who appreciate the benefits of living simply at any age and stage of life. Not only does a smaller home typically cost less, it also takes less time and effort to maintain.1
Set in sought-after Chestnut Hill, this is a wonderful opportunity to own in Brookline two-family home with extra land! Both units are two bedrooms and one full bath. Perfect for investment or condo conversion! Great Brookline schools. Easy access to all highways, Route 9, Chestnut Hill T stop, and Hospitals. Short distance to the Heath School, Wegman’s, and the Chestnut Hill Mall. Home is family owned and currently does not generate income. 15 Glenland also owns 17 Glenland.
Property Information
The red-hot housing market is causing people to make decisions quickly. With multiple bids, buyers are waving inspections, and many houses are going way over the asking price, but there can be a hidden price of rushing to buy.
The Hickman-Coen Home Team wanted to share this with you because there is always: a “Caveat Emptor” (Let the Buyer Beware).
Demand for purchase mortgages increases for the second week in a row, but borrowers are increasingly turning to adjustable-rate loans.
Fortunately, if you’re a buyer struggling to find a home, we have some good news. While it’s true that higher mortgage rates can decrease your purchasing budget, there are additional ways to compete in a hot market.
May 1st Real News You Can Use Newsletter from the Hickman-Coen Home Team.
Lead Story: Emerges as One of the Top Three Cities for Planned Global Real Estate Investment in 2022
ONE+Boston will offer the lowest fixed interest rates available for a 30-year mortgage. It will also provide access to downpayment and closing-cost assistance.
