Sullivan Team

10 Reasons Why the Holidays can be the Best Time to Sell Your Home.


10 Reasons Why the Holidays can be the Best Time to Sell Your Home. 

 1. Buyers love to shop for homes during the holidays when they have more time.

2. Because many families take vacation time during the holidays, more husbands and wives are available to see homes together.

3. The buyers who are actively looking during the holidays are serious and focused.

4. Many buyers who do not have school age children prefer to shop during the winter to avoid the spring and summer home buying rush when negotiations are more stressful.

5. The majority of families that are relocating now have school aged children they are trying to settle in school by the January semester or when the Spring break begins. 

6. During the winter holidays we focus on family and home.  Buyers viewing an attractively decorated home can easily imagine their own family living there. 

7. With reduced inventories and motivated buyers and agents, you could have more showings now than during the busier spring and summer markets. 

8. Buyers tend to be more flexible with contract terms and conditions during the holidays.

9. Buyers are more emotional during the holidays and are more likely to pay your price.

10. Selling now makes you an appealing, non-contingent buyer in the Spring.

MA July Unemployment Rate Unchanged at 4.7%, Labor Participation Rate 65.8%

MA July Unemployment Rate Unchanged at 4.7% VS US Unemployment Rate of 5.3%, also unchanged
MA unemployment Rate fell 1% from last year as  85,700 more jobs were added. 
MA Labor Participation Rate was 65.8% VS 62.6 for US.

U.S. Existing-Home Sales Reach Prerecession Pace


U.S. Existing-Home Sales Reach Prerecession Pace

Anna Louie Sussman, 

Updated Aug. 20, 2015 5:14 p.m. ET

WASHINGTON—Sales of existing homes climbed in July to their prerecession pace, but low inventory and higher prices threaten to curtail those gains heading into the fall. 

Existing-home sales rose 2% last month from June to a seasonally adjusted rate of 5.59 million, the National Association of Realtors said Thursday. Last month’s sales pace was the highest since February 2007 and 10.3% higher than a year earlier. ...

Total housing inventory fell 0.4% at the end of July to 2.24 million existing homes available for sale, 4.7% lower than a year ago. At the current pace of sales it would take 4.8 months to exhaust the supply of homes on the market, down from 5.6 months a year ago, the NAR said Thursday. ...

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Why Millennials Are Not Creating More Households and Buying Homes - 2 Views

Below is an article from Rise Media explaining that Millennials are not buying homes because of their lifestyle choices.

Forbes has a different read on the problem explaining that Millennials' life style choices are driven by low paying jobs  - see Forbes Article below.
Fact: 44% of college graduates in their 20s have low paying jobs and there is resistance to hire recent grads because:
1. Baby Boomers are delaying retirement and 2. Technology has replaced many lower paying jobs and this trend will continue
Today is a perfect time for Millennials to explore a career in Real Estate Sales, a  satisfying and rewarding profession for the right person.

Lifestyle Choices—Not Student Debt—Keeping Homeownership at Bay for Millennials

The homeownership rate is falling — from a high of 69 percent in the mid-2000s to less than 64 percent today — and lack of millennial demand is a major factor. Some even see a lower homeownership rate as “the new normal,” as an Urban Institute study declared.

This trend appears worrying, especially with homeownership still strongly linked to the American Dream. But to fully assess the effects it’s having on society, we must actually answer the question of why millennials aren’t buying.

My research has led me to an unconventional, yet surprisingly obvious, answer. Lack of finances is not the primary reason millennials are shunning homeownership — in fact, it’s not a significant problem at all. The real reason they’re delaying or avoiding homeownership is their lifestyle choices, especially in the realm of marriage and children.

For full article go to:


Alternate View: The 5.4% Unemployment Rate Means Nothing For Millennials

The national unemployment rate has dropped to 5.4%, the lowest rate since 2008, but this low percentage means nothing for Millennials (born 1980-2000).

The data is actually pretty scary44% of college grads in their 20s are stuck in low-wage, dead-end jobs, the highest rate in decades, and the number of young people making less than $25,000 has also spiked to the highest level since the 1990s.

There are various factors contributing to the absence of jobs for Millennials.

First of all, employers are more hesitant to hire new graduates, as Baby Boomers are delaying retirement and holding onto their jobs due to financial insecurity. This creates stagnancy in the workplace.

Moreover, advances in technology are making many jobs obsolete because they can easily and cheaply be automated. In fact, renowned futurist Faith Popcorn argues that the “robot revolution” is coming, projecting that roughly one out of three U.S. workers will be replaced by robots by 2025.

We’re adapting to the changing job market. We’re not buying cars at the rates that previous generations have, instead opting to use public transportation or car-sharing services. Buying our first homes is no longer a part of the “American Dream,” as most of us aren’t even buying homes at all. 

For full article go to: 


Mortgage Rates Hit 2015 High - 4.2% for 30 Year Fixed

Mortgage Rates Up - 30 Year at 4.2%

Mortgage Rates at 2015 High

Mortgage Rates jump to 2015 high, 4.13% for 30 year fixed


MA April 2015 Unemployment Rate Drops to 4.7%

MA Unemployment Rate continues to drop..  April's rate was 4.7% which is 1.1% below a year ago.  

Net jobs increased 10,100 in April and increased 66,100 jobs over the past year.


MA Unemployment Rate Drops to 4.8%, Labor Participation Rate Rises to 66.2%

Good News For MA Real Estate Market.  Employment Continues To Rise!

MA March Unemployment Rate Dropped to 4.8% & Labor Participation Rate Rose to 66.2%, highest since June 2010.  

Ma outperforms the nation.  The USA March Unemployment Rate was 5.5% and the Labor Participation Rate fell to 62.7%.

BOSTON, MA -April 16, 2015 ---  Today the Executive Office of Labor and Workforce Development (EOLWD) released preliminary March 2015 estimates that show the Massachusetts total unemployment rate dropped to 4.8 percent, a 0.1 of a percentage point decrease from the February rate. Over the year, the unemployment rate fell by 1.1 percent from 5.9 percent in March 2014.

The share of working age residents employed or unemployed, also known as the labor participation rate, was 66.2, an increase of 0.3 of a percentage point since February. The March rate is the highest participation rate since June 2010. Compared with March 2014, the labor participation rate increased a full percentage point over the year.

March 2015 estimates show that 3,448,800 residents were employed and 175,200 were unemployed. Compared with March 2014, there were 34,000 fewer unemployed persons over the year.


Vacation Homes Sales At Record Levels

Vacation Home Sales Up 57% in 2014 to Record 1.13 Million Sales


Vacation home sales shot up 57% in 2014 from a year prior, the largest increase since the National Association of Realtors began tracking the data in 2003.

Is the price reasonable?

Nearly 1.13 million vacation homes were purchased last year, surpassing the peak of 1.07 million in 2006, during the housing boom, according to the Realtors’ association. Vacation properties, defined as recreational property purchased primarily for use by the buyers or their families, accounted for 21% of all home sales last year, the largest share since the group began tracking the data. 

The median price for vacation homes fell 11% nationwide last year, which the association says was largely due to a greater volume of transactions involving smaller and lower-cost units, including condominiums and previously foreclosed-upon homes.

But in some popular destinations, prices were up significantly. In Napa County, Calif., the median sales price for vacation homes rose 16.7% in 2014 from a year prior, according to Redfin, a national brokerage based in Seattle.

Increases at the high end of the market have been steep, in some cases. On the island of Nantucket, Mass., 195 homes changed hands in 2014 and the median price increased by 15%, to $1.2 million, according to the Warren Group, a real-estate data firm based in Boston. There were 161 sales in 2013. The vast majority of sales there are vacation homes, says Warren Group Chief Executive Timothy Warren.


For Full Article -

By AnnaMaria Andrioti, April 3, 2015 10:32 a.m. ET

US Home Sales UP 10.4% From Last Year, Up 6.1% From Last Month

Existing Home Sales Up 10.4%. Northeast Sales Were Sluggish, But Our Local Market is HOT!!!

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