Market News

Arlington MA Spring Real Estate Market is Coming

 

The Spring Market is coming and it promises to be another active one. We are seeing very strong attendance at Open Houses and multiple offers are once again the norm, making it even more important to have a seasoned expert represent you. Whether Selling or Buying I am here to help you, your family and your friends.

Here is a link to my "March Real Estate Update":

http://www3.realtytimes.com/220/BillCopithorne

This Newsletter is full of interesting and useful information that I think you will enjoy whether you are a buyer, seller, or homeowner.

This month's issue includes topics such as: 

"To Buy Or Not To Buy: Is Now The Time?";
"Home Looking Drab? Boosting Curb Appeal Is Easy And Worth It";
"4 Ways Your Location Can Boost Or Bust Your Home Value"; 
"3 Steps To Saving For Your Dream Home"; 
"Maximize Your Listing Price While Minimizing Your Expense";

Plus a roundup of February real estate activity as well as much more advice and information.

I hope you enjoy this monthly newsletter. If you have any comments, please e-mail them to me bill@sweeneyandoconnell.com Or, if you would like to see a certain topic covered in future months, let me know that too! 

Would you like to know what your home would sell for in today's market or are you looking to buy a home?

Call Sweeney & O'Connell Real Estate  781-643-7478 or visit our website at sweeneyandoconnell.com  to contact us for a complimentary Market Value Analysis of your home.  

Sweeney & O'Connell Real Estate has been serving Arlington and the surrounding Communities since 1959

and can help you with all your Real Estate needs

"Arlinton MA Home Inventory Low" Are you thinking of selling? Now is a good time!

Arlington MA Inventory is LOW: So if you are thinking of selling your home "NOW IS THE TIME"  

According to MLS PIN Market Watch Report Q1 2013 the Median Sales Price for Middlesex County is $375,000 up 3.1%, Days on the market down 11.4%.  For the Arlington MA Real Estate Market the Median Sales Price for zip code 02474 is $507,500 Up 2.3% and for zip code 02476 is $609,500 Up 31.4%!!!!

 Arlington's Massachusetts Real Estate Market is Hot, Hot, Hot!  Prices are up and homes are selling within the first week if not the first day on the market. Sweeney & O'Connell Real Estate has many customers looking to buy homes in our town. What is missing from the equation is inventory.

Would you like to know what your home would sell for in today's market? Call Sweeney and O'Connell Real Estate  781-643-7478 or visit our website at sweeneyandoconnell.com  to contact us for a complimentary Market Value Analysis of your home.  

Sweeney & O'Connell Real Estate has been serving Arlington and the surrounding Communities since 1959 and can help you with all your Real Estate needs. 

 

Arlington MA one of Americas Best Housing Markets, 2011

Living in Arlington for over 52 years I have always known what a great town we have.  What draws others to our Town? What makes it a desirable place to live? Is it the proximity to Boston, our great schools, the rich history or our affordable prices.  I think it is a combination of all and much more. Our Market is thriving when others are not so there is something driving people to our town.  In the article below it tells how well the Arlington Housing Market is really doing and shows how we are one of the Best Housing Markets in the United States in 2011. 

With other towns in the United States having diffucult times in this current Housing Market,  Arlington, Massachusetts is doing well. Arlington has ranked 2 out of 5  for the best housing markets in 2011 according to the article by Venessa Wond, Blooberg Businessweek October 24,2011.  http://realestate.yahoo.com/promo/americas-best-and-worst-housing-markets-2011.html. Instead of going down Home Sales in Arlington have increased in the last 4 years: According to Boston.com.  

Arlington History: Arlington, Massachusetts was founded over 350 years ago, and remains proud of its history, even as it has grown into a thoroughly modern community. The birthplace of Uncle Sam, the location of the first public children's library, and the site of most of the fighting when the British marched through it returning from the Old North Bridge at the start of the Revolutionary War, Arlington has preserved many of its historical buildings and even recreated its town common.

Tour Arlington MA Homes:  If you are looking for a home in Arlington MA or the surrounding Boston areas, contact Sweeney & O'Connell Real Estate or call 781-643-7478 for a tour of Arlington MA and other area homes for sale. For a Quick look at current listing on the Arlington Market we offer one click searches below.  We also offer search homes by school district, advanced searches or you could sign up for daily e-mail alerts that will keep you on top of the new listings as they come on the market.  What ever your real estate needs are Sweeney & O'Connell Real Estate is here to help you

 Arlington MA Condos | Arlington MA Homes | Arlington MA Open Houses  Arlington MA Singles

 

 

Buyers Beware....Don't miss out on Record Low Rates

Rates are at record Lows....Prices of homes are low....Don't miss out on this great opportunity!

"When the Fed talks, people listen. And last week, the Fed made headlines when Fed Governor Daniel Tarullo called for the Fed to engage in another round of Mortgage Bond purchases...or in other words, another round of Quantitative Easing (QE3). Read on to find out what this could mean for the housing market and home loan rates.

In order to really have an impact on housing, the Fed would have to announce something significant to get people to buy a home. Why? Because even now, with rates at historically low levels and incredible affordability levels, the sales pace in housing is tepid, due to structural problems in the labor market, which the Fed can't fix.

In fact, there is a lot to consider before the Fed starts expanding their balance sheet, and the biggest concern is rising inflation. Contrary to what the Fed has said about it moderating, year-over-year inflation is on the rise. The headline Producer Price Index (PPI) rose by a whopping 0.8% in the month of September, elevating year-over-year wholesale prices by a hot 6.9%. Meanwhile, the Consumer Price Index (CPI) for September rose by 0.3%, and while this was in line with estimates it pushed the year-over-year number to 3.9%. This is significant because the year-over-year figure was just 1.6% in January.

Remember, inflation is the arch enemy of Bonds and home loan rates. The concept is very simple: If inflation rises, investors in Bonds demand a higher yield to offset the lost buying power inflation imposes on a fixed payment. And as home loan rates ar

 

Home Buyers MA

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e tied to Mortgage Bonds, this would mean home loan rates move higher.

And let's not forget the ongoing drama out of Europe. French and German leaders will hold two summits in the span of four days to come up with a resolution to the European debt crisis. Whichever way this news goes could have a real effect on the markets, including Bonds and home loan rates."

by-Jeffrey Hutchinson

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Buyers Fixed-Rate Mortgages Lowest on Record

Freddie Mac|MA Real Estate

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Don't miss out on the great home deals in Arlington MA especially with the Mortgage Rates at Record Lows.  Contact Sweeney & O'Connell Real Estate or Call 781-643-7478 to speak with one of our Real Estate Agents and be in your dream home by the end of the year.

Fixed-Rate Mortgages Lowest on Record

MCLEAN, Va., -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), coming on the heels of the Federal Reserve's recent announcements. The conventional 30-year fixed averaged an all-time record low at 4.01 percent; likewise the 15-year fixed averaged an all-time record low at 3.28 percent for the week. Of the five regions surveyed in Freddie Mac's survey, the West region recorded the lowest average rate for the 30-year fixed dipping below 4.00 percent to 3.95 percent.

30-year fixed-rate mortgage (FRM) averaged 4.01 percent with an average 0.7 point for the week ending September 29, 2011, down from last week when it averaged 4.09 percent. Last year at this time, the 30-year FRM averaged 4.32 percent.

15-year FRM this week averaged 3.28 percent with an average 0.7 point, down from last week when it averaged 3.29 percent. A year ago at this time, the 15-year FRM averaged 3.75 percent.

5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.02 percent this week, with an average 0.6 point, matching last week when it also averaged 3.02 percent. A year ago, the 5-year ARM averaged 3.52 percent.

1-year Treasury-indexed ARM averaged 2.83 percent this week with an average 0.6 point, up from last week when it averaged 2.82 percent. At this time last year, the 1-year ARM averaged 3.48 percent.

Frank Nothaft, vice president and chief economist at Freddie Mac, reports, "Fixed mortgage rates fell to all-time record lows this week following the Federal Reserve's announcement of its Maturity Extension Program and additional purchases of mortgage-backed securities. Interest rates for ARMs, however, were nearly unchanged as the Federal Reserve plans to sell $400 billion in short-term Treasury securities, which serve as benchmarks for many ARMs."

"Meanwhile, the spring and summer home-buying season gave a boost to a number of house price indexes. The Federal Housing Finance Agency reported that its National index (not seasonally adjusted) rose for the fourth consecutive month in July. Similarly, the S&P/Case-Shiller® 20-City composite index, which has a broader scope of properties, rose 0.9 percent between June and July with 17 of the cities experiencing positive monthly growth. Finally, CoreLogic® reported that its index, excluding distressed sales, increased at a 1.7 percent monthly rate for the same month."

September 30, 2011

Contact Sweeney & O'Connell Real Esate or Call 781-643-7478 for All your Real Estate Needs.

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