Kathy & Terry Sullivan

Kathy: 978-927-9199


RE/MAX Advantage Real Estate
Boston's North Shore, Essex County MA

Offices: Beverly, Gloucester, Marblehead, Peabody, Salem MA

Luxury Homes Waterfront Properties Condos
Multi Family Investment Properties Land All MLS

Judith Coughlin


Buyer Specialist
RE/MAX Advantage Real Estate, Beverly, Marblehead, Salem, Peabody, Gloucester, MA

How To Fix Excessive Battery Drain of iPhone / iPad After Upgrading to IOS 8

Do you have excessive battery drain of your iPhone / iPad after upgrading to IOS8?  

Here is a solution?

Backup you device to your computer using iTunes and then restore your device from this backup.

Here are Directions:

1. Connect your iPhone / iPad to your computer via the syncing cable that came with your device and open iTunes.
(iTunes may automatically open if your iTunes settings are to open iTunes when device is connected to your computer)
2. Click on the icon of the iPhone / iPad on the top left of the screen to display the settings for your device
3. Select the Summary tab
4. Select "Back Up Now" button to backup your device to your computer
After backup is complete,
5. Select Restore Backup button - this will take about 3-5 minutes. Follow directions on screen.
After restore, your battery drainage problems should be fixed.

MA Unemployment Rate 6% for Oct; US Nov Payrolls Grew 321,000 Jobs, Nov Unemployment Rate 5.8%

U.S. Payrolls in November Grew 321,000; Jobless Rate 5.8%

Economy on Track to Record Strongest Year of Job Creation in 15 Years

Average hourly earnings for private-sector workers rose 9 cents from October, to $24.66. That was a 2.1% gain from a year earlier, up a hair from the 2% annual trend of recent months but largely in line with the postrecession trend. In addition, weekly earnings got a boost from a slightly longer workweek: 34.6 hours in November, up from a revised 34.5 hours in October.
A broader version of the unemployment rate, which includes involuntary part-time workers and people marginally attached to the labor force, was 11.4% last month, down from 11.5% in October and 13.1% in November 2013.

MA Added 1,200 Jobs in October, Unemployment Rate Remained at 6% 

(MA reports one month behind US reports)

Since October 2013, Massachusetts has added a net of 52,600 jobs; with 50,400 jobs added in the private sector. The total unemployment rate for the year is down 1.2 percent from the October 2013 rate of 7.2 percent.


The Internet Is a Zoo: The Ideal Length of Everything Online

Infographics: The Internet Is a Zoo: The Ideal Length of Everything Online 

- click link to see entire graphic.  



GDP for Q3 2014 Revised Up To 3.9% from earlier estimate of 3.5% - Best 2 Qtr Growth in 10 Years

Amid Global Slowdown, U.S. Growth Keeps Looking Better

While GDP growth for the third quarter was revised upward to 3.9%, wages, among other things, are holding back full-blown economic growth.

The economy expanded at its fastest pace in more than a decade during the spring and summer, showing the U.S. has strengthened its economic footing despite increasing global uncertainty.

Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a seasonally adjusted annual rate of 3.9% in the third quarter, the Commerce Department said Tuesday.

The upward revision from a first estimate of 3.5% put the combined growth rate in the second and third quarters at 4.25%, affirming the best six-month pace since the second half of 2003. The output figures are inflation adjusted  ...

The upward revision to overall growth, driven by stronger consumer and business spending and a smaller drag from inventory investment, surprised economists who had expected quarterly GDP would be marked down. ...

The third-quarter growth revision was supported by several factors. Consumer spending, rising at a 2.2% pace, was better than initially estimated as businesses didn’t allow stockpiles to dwindle as much as first thought. Those factors, combined with falling gasoline prices, point to the potential for strong momentum for shoppers heading into the holidays. ...

Business spending on new buildings, machinery and research-and-development efforts grew more than initially estimated, and spending on residential building and improvements advanced for the second straight quarter after slowing late last year. ...

Last quarter, trade added 0.78 percentage point to overall growth, supported by a 4.9% increase in U.S. exports. A global slowdown is likely to depress demand for U.S. goods and services, and could turn net trade into a drag on the economy.

Government outlays contributed to economic growth for the second straight quarter, after mostly serving as a drag in recent years. But the latest increase was due to an unusually large jump in military spending, increasing at a 16% pace, which is likely to be reversed in coming quarters given efforts to constrain military budgets.

Forecasting firm Macroeconomic Advisers projects GDP gains will slow to a 2.2% pace in the fourth quarter, putting full-year growth a shade above 2%.

Those risk factors could weigh on the Federal Reserve’s decision for when to raise short-term interest rates from near zero, despite a much improved labor market. The unemployment rate fell last month to its lowest level since 2008, though some underlying metrics suggest the labor market remains short of its potential.



Fed Ends Easy Money. Focuses On When to Raise Rates

Fed Closes Chapter on Easy Money

The Feds Quantitative Easing Program ends with mixed reviews. While it clearly didn’t cause the inflation outbreak some predicted, it also didn’t clearly lead to a surge of economic output or hiring. 

If all goes as they expect, officials will now turn their attention in the months ahead to discussions about when to start raising interest rates and how to signal those moves to the public before they happen. For now the central bank stuck to an assurance that it will keep short-term interest rates near zero for a “considerable time.” Many investors and Fed officials expect no rate increases until the middle of next year. 

The Fed—seeking to lower interest rates and push investors into risky assets, and in turn spur borrowing, spending, investment, growth and hiring—launched the latest round of bond purchases in September 2012, when it said it would buy $40 billion a month of mortgage bonds and keep going until it saw substantial improvement in the job market. It expanded the purchases in December 2012 by saying it would also buy $45 billion a month in Treasury bonds, for a total of $85 billion monthly. It has been phasing out the program gradually since January.

The worst fears about bond buying haven’t come to pass. Inflation, as measured by the Commerce Department’s personal consumption expenditure price index, has been unchanged at 1.5% since September 2012. The dollar, as measured by the Fed’s broad dollar index, is up 6.7% in value compared to the world’s other currencies. Meantime, the price of gold, which some investors believe should rise when inflation fears pick up, has fallen from $1730.60 per ounce to $1229.20, a 29% decline. 

Read full article at: http://goo.gl/VLHWaq


Q3 GDP Up 3.5%

The U.S. economy expanded at a healthy pace during the third quarter, a sign of sustained growth fueled by government spending and a narrower trade deficit despite mounting concerns about the health of overseas economies.

Gross domestic product, the broadest measure of goods and services produced across the economy, advanced at a seasonally adjusted annual rate of 3.5% in the third quarter, the Commerce Department said Thursday. Economists surveyed by The Wall Street Journal had forecast growth at a 3.1% pace for the quarter.

Full story at: http://online.wsj.com/articles/u-s-third-quarter-gdp-expands-at-3-5-rate-1414672315

MA September Unemployment Rate 6.0% up from 5.8% August As More People Join Work Force

MA September Unemployment Rate was 6.0% up from 5.8% in August but down from 7.2% one year ago.
MA added 9,400 new jobs in September, however more people were looking for work which caused the unemployment rate to rise.

FHFA's Dramatic Easing of Mortgage Standards

FHFA's Dramatic Easing of Mortgage Standards

"Fannie and Freddie would not force repurchases from lenders of mortgages that are later found to have minor flaws in them, as long as borrowers have kept up with their mortgage payments for 36 months. Watt also said that lenders wouldn't be forced to buy back bad loans if flaws were later discovered in the reporting of borrowers' finances, debt loads, and down payments — as long as the borrowers would have qualified for the loans had the information been accurate." 


Federal Housing Finance Agency Director Mel Watt on Monday announced plans to expand home buyers' access to mortgages by loosening up lending standards.

During the Mortgage Bankers Association's annual conference, Watt said FHFA will release guidelines "in the coming weeks" to allow increased lending to borrowers with down payments as low as 3 percent. FHFA, which regulates Fannie Mae and Freddie Mac, also will help lenders who sell loans to the mortgage giants by easing standards on borrowers who don't have perfect credit profiles. The move is expected to help open up the credit box to first-time buyers, self-employed borrowers, borrowers who have had recent job switches, and borrowers who faced financial hardship during the recession. 

Watt said on Monday that Fannie and Freddie would not force repurchases from lenders of mortgages that are later found to have minor flaws in them, as long as borrowers have kept up with their mortgage payments for 36 months. Watt also said that lenders wouldn't be forced to buy back bad loans if flaws were later discovered in the reporting of borrowers' finances, debt loads, and down payments — as long as the borrowers would have qualified for the loans had the information been accurate. 

"Minor, immaterial loan defects should not automatically trigger a repurchase request," says David Stevens, CEO of the Mortgage Bankers Association. "As a result, lenders will be more confident in offering mortgages to qualified borrowers."

FHFA said it will clarify to lenders when it will force buy-back loans that were issued based on inaccurate information. FHFA acknowledges that it failed to provide lenders with enough clarity in the past. That caused lenders to get cautious with lending after facing a flood of high-dollar settlements from loans they issued that later turned sour.

"We know that this issue has contributed to lenders imposing credit overlays that drive up the cost of lending and also restrict lending to borrowers with less than perfect credit scores or with less conventional financial situations," Watt said. Addressing such issues are "critical to ensuring that there is liquidity in the housing-finance market and to providing access to credit for borrowers."

Source: “Regulator Unveils Plan to Spur Lending by Fannie, Freddie,” Los Angeles Times (Oct. 20, 2014) and “Fannie-Freddie Clarify Buyback Rules in Bid to Ease Credit,” Bloomberg (Oct. 20, 2014)

Half of Adults Now Live In one-Person Households

Wave of Singles to Make Big Impact on Housing

Half of all American adults now live in one-person households, a rapidly growing number, according to the Bureau of Labor Statistics. The singles demographic is likely to reshape multifamily communities and single-family home designs going forward, according to Builder Online.

In 1976, only 37 percent of adults were single. As of August, that percentage has bloomed to 50.2 percent, or about 124.6 million singles. It marks the first time that single Americans make up the majority of the adult population since the government began tracking such data.

“Thanks to the growth of single-adult households, floor plans will go from static to flexible as living arrangements change more frequently,” Susan Yashinsky, vice president of innovation trends for Waterford, Mich.-based Sphere Trending, LLC, predicts on Builder Online. “Analysts project that this group of adults will job hop more often, bring new types of living arrangements into the housing market (think friends buying homes together), and expect their environments to adapt to their frequently changing lifestyles as easily as picking a favorite Keurig coffee flavor.”

Affordability will be key, since single home buyers will have less income per household than dual-earner couples.

Also, “housing developments will need to embed elements of community that address the social aspects singles need, similar to what we have seen in multifamily new builds,” according to Builder. “Builders, developers, and designers who create housing for single consumers need to consider fresh concepts, such as communal sheds for lawnmowers and snow blowers, and even cars that can be rented as needed versus owned. Work/live spaces will evolve to reflect the growing number of entrepreneurs working from home. And, backyard cottages will bring solutions for related and/or unrelated adults sharing a single lot.”

Source: “More Americans Are Going Solo,” Builder Online (Oct. 6, 2014)

Agents Can Net You 22% More Than Selling Home Yourself (FSBO)