Kathy & Terry Sullivan
ABR, CRS, CDPE
CLHMS, MBA, GRI

Kathy: 978-927-9199
kathy@sullivanteam.com

Terry:978-927-9299
terry@sullivanteam.com

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
ABR

978-882-4442
judith@sullivanteam.com

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

The Heartbleed Security Bug Effects 66% Of Internet including Yahoo, Flickr, and Tumbler

 Heartbleed, the New Security Bug Scaring the Internet

You need to change your passwords if you used a comprised site like Yahoo, Flickr, Tumbler and 66% of the internet.

So what is it? 

Heartbleed is a security vulnerability in OpenSSL, a popular, open-source protocol used to encrypt vast portions of the web.

It's used to protect your usernames, passwords, and sensitive information set on secure websites. Lifehacker, who published a great, plain-language guide to the flaw earlier today, notes that about 66 percent of the web probably uses OpenSSL to encrypt data. Security company Codenomicon  set up an entire website to handle questions about the vulnerability, although their explanation might be too in the weeds for some readers. 

Go to HEARTBLEED.COM to read about this.

Happily our iMaxWebSolutions system is safe - we do NOT use OpenSSL

Image Heartbleed.com

 

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March Auto Sales Up 5.7% to 16.4 Million Annualized Sales

U.S. March Auto Sales Up 5.7% - Positive Economic New

U.S. light-vehicle sales rose 5.7% last month to 1.54 million, exceeding many analysts' expectations,
and pushing the industry's annualized selling rate to 16.4 million, according to research firm Autodata Corp.

 

 

Beverly's Rantoul Street To Get $20 Million Face Lift

In Beverly, Route 1A prep work begins

 

BEVERLY — Preliminary work has begun on one of the city’s major upcoming projects, a total sidewalk-to-sidewalk reconstruction of Rantoul Street and a section of Cabot Street.

The $20 million state project involves a complete reconstruction of a two-mile stretch of Route 1A from Rantoul Street near the Veterans Memorial Bridge to Cabot Street near the Memorial Building.

The work involves not only a new road but new sidewalks, ornamental lighting, trees and shrubs, traffic signals, railroad crossings, bike lanes, traffic islands, benches and trash receptacles.

Full article: http://www.salemnews.com/archive/x1445023052/In-Beverly-Route-1A-prep-work-begins

St Johns Prep Start Work On $22 Million Academic Building

St. John's Prep breaks ground on academic building

 

http://bit.ly/1e3OptL

DANVERS — St. John’s Prep’s new, $22.1 million high-school academic building is not just about bricks and mortar, said Headmaster Ed Hardiman and Principal Keith Crowley.

It’s really the cornerstone of a vision of how the Xaverian Brothers-sponsored, Catholic prep school plans to educate young men in the 21st century. This includes more collaborative learning and the addition of a middle school.

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Rents Climb 3.2% as Vacancies Drop to 4%

Apartments Now 30% of All New-Home Construction, the Highest level in 40 Years

Rental apartment construction at 4 decade high.
The improving jobs market is driving younger Americans to form households.
However, tight lending standards is making it more difficult to buy a home.

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Rural Migration Shift - Young People Chase City Jobs

Nearly 60% of rural counties shrank in population last year, up from 50% in 2009 and around 40% in the late 1990s.

In all, almost eight in 10 of the counties that lost population over the past three years were outside of metropolitan areas, according to an analysis of Census data by William Frey, a demographer at the Brookings Institution. 

The Wall Street Journal: http://on.wsj.com/Qx2rdj

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MA Unemployment Drops to 6.5%, Lowest Since Nov, 2008. Excellent News For Real Estate

MA Unemployment Rate Drops to 6.5% - excellent news for real estate sales

Februay's seasonally adjusted unemployment rate dropped to 6.5% from 6.8% in Jan and 7.1% in November and December 2013. 
This was the lowest unemployment rate since November 2008 when it was 6.4%. 

http://www.mass.gov/lwd/economic-data/

Rising Rents and Low Rates Equals Time To Buy A Home or Rental Property

Rents have increased substantially and are expected to rise into the foreseeable future.  
Mortgage rates are still near record lows, under 4.5%, but are expected to rise as the Fed reduces its subsidy of mortgage rates.
The combination of rising rents and low interest rates creates an ideal time to buy a home or a rental income property. 

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5 THINGS THAT WILL HELP NEW-HOME SALES THIS YEAR

5 THINGS THAT WILL HELP NEW-HOME SALES THIS YEAR

Sales of newly built homes in the U.S. endured a rocky 2013, ultimately amounting to roughly half their historical annual rate after being whipsawed by rising interest rates, the fitful economic recovery and buyers cowed by high prices.

Economists widely expect this year to deliver better results for home builders and buyers alike, as long as several factors such as job growth, credit availability and consumer confidence continue to improve. The National Association of Home Builders expects 2014 new-home sales to tally roughly 600,000, a heady increase of roughly 40% from the 2013 total.

Estimates released Monday by the U.S. Census Bureau shows that new-home sales totaled 428,000 in 2013, up 16.4% from the 2012 figure of 368,000. Last year’s increase was the third consecutive annual gain after a steep decline from nearly 1.3 million in 2005 to a nadir of 306,000 in 2011.

Here’s a look at five things that economists expect will boost the new-home market in 2014.

1. YOUR NEIGHBOR GETS A JOB, YOU BUY A HOUSE

Newly hired workers don’t often rush out to buy a house. However, more tenured workers often are more likely to buy a house if continued hiring by their employers indicates their jobs are secure.
The U.S. labor market added jobs at an average monthly rate of 182,000 in 2013, according to the U.S. Bureau of Labor Statistics. Economists surveyed by The Wall Street Journal expect that rate to increase to roughly 200,000 per month this year as companies gain more confidence and spend more freely.
David Crowe, chief economist at the National Association of Home Builders, anticipates that the increased hiring will unleash pent-up demand from would-be buyers who were too uncomfortable to buy in recent years. “For home buying, employment growth has more to do with providing comfort to those who have a job,” Mr. Crowe said.

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