Sullivan Team

Essex County Housing Report November 2017

To view data for every Essex County town, go to:  http://www.sullivanteam.com/Properties/Reports/Public/Charts.php 

To dowload the full Housing Report go to: http://findahomeinma.com/pages/EssexCountyHousingReports

 

 

 

 

Essex County Housing Report October 2017

To view data for every Essex County town, go to:  http://www.sullivanteam.com/Properties/Reports/Public/Charts.php 

To dowload the full Housing Report go to: http://findahomeinma.com/pages/EssexCountyHousingReports

 

 

 

 

Rent VS Buying October 2017

https://www.keepingcurrentmatters.com/?p=2059072

 

 

 

Buying Cheaper Than Owning In MA and 38 Other States

Buying Remains Cheaper Than Renting In 39 States!

 

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

The updated numbers show that the range is an average of 3.5% less expensive in San Jose (CA), all the way up to 50.1% less expensive in Baton Rouge (LA), and 33.1% nationwide!

A study by GoBankingRates looked at the cost of renting vs. owning a home at the state level and concluded that in 39 states, it is actually ‘a little’ or ‘a lot’ cheaper to own (represented by the two shades of blue in the map below).

 

One of the main reasons owning a home has remained significantly cheaper than renting is the fact that interest rates have remained at or near historic lows. Freddie Mac reports that the current interest rate on a 30-year fixed rate mortgage is 3.91%.

Nationally, rates would have to reach 9.1%, a 128% increase over today’s average of 4.0%, for renting to be cheaper than buying. Rates haven’t been that high since January of 1995, according to Freddie Mac.

Bottom Line

Buying a home makes sense socially and financially. If you are one of the many renters who would like to evaluate your ability to buy this year, meet with a local real estate professional who can help you find your dream home.

 

https://www.keepingcurrentmatters.com/?p=2059028

4 Reasons To Sell This Fall

https://www.keepingcurrentmatters.com/?p=2059039

Inventory Mismatch For Homes Buyers

A Tale of Two Markets: A 6-Month Update

Nationally, buyers are searching for starter and trade-up homes and are coming up short with the listings available, which is leading to a highly competitive seller’s market in these categories.

Premium homebuyers, on the other hand, have the best chance of less competition and more inventory of listings in their price range with a 14.7-point surplus, which is creating more of a buyer’s market.

 

https://www.mykcm.com/?p=49257

Should I Buy Now?

http://bit.ly/2g5ful8

Essex County Housing Report September 2017

To view data for every Essex County town, go to:  http://www.sullivanteam.com/Properties/Reports/Public/Charts.php 

To dowload the full Housing Report go to: http://findahomeinma.com/pages/EssexCountyHousingReports

US August Home Sales Up 0.2% and Prices Up 5.6% From Last Year, Inventory Drops

 

For full article http://rismedia.com/?p=134574

Projected 2018 Home Sales

https://www.keepingcurrentmatters.com/?p=2058656