Russell Hulteen - Coldwell Banker Residential Brokerage



Posted by Russell Hulteen on 8/31/2016

PUT MY HOME ON THE MARKET NOW? BUT IT'S AUGUST!
Most sellers think that spring is the prime season to put their home on the market. While spring does have a reputation for being the peak time to showcase a home and visit as many open houses as possible, in this market, any time is really the right time.
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Yes, it's hot outside, but so is the current real estate market. There are buyers scrambling to make it into their dream home before the full swing of fall. Real estate sales have been incredibly robust. According to the National Association of Realtors® (NAR), existing home sales increased for the fourth consecutive month in June, 3 percent higher when compared to last June and remain at their highest annual pace since February 2007.
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NAR attributes this growth in home sales to a boon of first-time buyers not seen in nearly four years, attracted by lower interest rates and newer inventory, and driven by sustained job growth. Sellers are benefitting right now from this powerful demand for housing. According to NAR, 48 percent of the homes that sold in June were on the market for less than a month.
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Although there is still a need for housing inventory, seller confidence appears to be on the rise. As reported by NAR, a recent survey reported that 52 percent of American homeowners say now is a good time to sell a home in their neighborhood, up from 34 percent in 2015!
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How hot is your housing market this summer? See local statistics here, or contact me. I can present to you a clear picture of the market in communities that interest you the most. Don't let the opportunity to get a jump on the Fall Market slip away! Call today!
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Your “Boston to the Burbs” Expert

For advice in Real Estate or a free estimate of your property’s value, call or email today!

Contact: 617.901.6004 | Russell@RussellHulteen.com




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Posted by Russell Hulteen on 6/28/2016

http://img5.cache.netease.com/ent/2016/5/31/20160531135006d48d2_550.jpg BREXIT!! The lazy days of summer may be approaching, but the real estate industry is busier than ever. According to the National Association of Realtors (NAR), existing home sales are up 6.0 percent in April when compared to the same month last year and that's despite inventory shortages and faster price growth. With the spring rush still rushing, real estate sales professionals have worked overtime with homes going under agreement in a matter of days, and deals entering into serious bidding wars. Essentially, the real estate market is hot. To the surprise of many, the United Kingdom has achieved their Independence Day! The immediate repercussions of the Brexit vote are harsh and reverberating throughout the global economy, causing worldwide stocks to sink and even more European politicians to call for their own national referendums. Amid the turbulence, a small unexpected benefit for the U.S. housing market has emerged; At least for the short term, U.S. mortgage rates are being pushed lower as foreign investors, running out of options, try to find any safe place to for their money. According to Erin Lantz, vice president of mortgages at Zillow, "When we see that demand, that in turn drives down the mortgage rates that consumers in the U.S. have access to. What it means is that if you're a homebuyer looking at a $200,000 home and putting 20% down, you average savings today is about $15 per month less than they would have been yesterday. It's anyone's guess where mortgage rates go from here, but the increased uncertainty we have today is going to keep rates lower for longer." For homebuyers who still haven't found their dream home during the spring crush, the time is still ripe for those who want to purchase a home. While rumors of rising interest rates are prevalent, they are still holding at all-time record lows providing homebuyers an opportunity to get in the market. It has been speculated by industry watchers that interest rates will inch upwards as the economy continues to slowly grow strength. Even the slightest bump in interest rates however can price a buyer out of their dream home. The key message here is don't wait, or you could miss your opportunity. Inventory still remains tight in most areas ensuring that we'll most likely continue to experience a seller's market throughout the summer months. According to NAR, total housing inventory is at a 4.7-month supply at the current sales pace. A six month supply is considered a balanced market. Home sellers who missed the early spring rush won't be making a mistake by putting their home on the market now. New home buyers are still anxious to take advantage of lower interest rates and move into their new home before summer ends. Home prices are also rising with the temperatures. NAR states that the median existing-home price for all housing types in April was up 6.3 percent from April 2015. April's price increase marks the 50th consecutive month of year-over-year gains. To see how hot your market is, look to the statistics here, or contact me. I can provide you with the exact details for the communities that interest you most. Call now before it gets too hot to handle! Find Your County/Zip Below to See Your Market Report. Want a hyper-local, up-to-the-minute report for your neighborhood or town? Just Call and Ask – it’s free!   617-901-6004 Market Reports (PDF): Massachusetts Boston - 02113-North End | Boston - 02115-Fenway | Boston - 02116-Back Back | Boston - 02118-South End | Boston - 02130-Jamaica Plain | Boston - 02210-Seaport | Boston - 02114-Beacon Hill 02108 | Boston - 02108 | Boston - 02129-Charlestown | Barnstable Bristol | Essex | Franklin | Hampden | Hampshire | Middlesex | Norfolk | Plymouth | Suffolk Worcester Maine Androscoggin | Cumberland | Kennebec | Lincoln | Sagadahoc | York New Hampshire Belknap | Carroll | Hillsborough | Merrimack | Rockingham | Strafford Rhode Island Bristol | Kent | Newport | Providence | Washington

Your “Boston to the Burbs” Expert

For advice in Real Estate or a free estimate of your property’s value, call or email today!

Contact: 617.901.6004 | Russell@RussellHulteen.com





Posted by Russell Hulteen on 5/31/2016

THE STRESSES OF THE SPRING SELLING SEASON When most people think of spring, they think of chirping birds, blooming flowers, spring break and warmer days. In real estate however, we think of bidding wars, tough negotiations and making sure our clients are well represented in the purchase, and/or sale, of their most important financial asset. This spring is no different. The National Association of Realtors® reports that pending home sales have maintained their momentum by increasing for the second consecutive month and have reached their highest level in nearly a year. It's a solid start to the spring selling season which is expected to continue to climb upwards. Rising rents across most of the country are fueling buyer demand. In a recent Gallup survey renters are more worried about housing costs than homeowners at all income levels. When one purchases a property, they know that their costs will stay relatively stable and increase slightly overtime due to insurance and property tax adjustments. Renters, on the other-hand, face many market variables and drastic rate increases over a shorter period of time when compared to homeowners. Low mortgage rates, which are easing affordability crunches in some parts of the country, and a healthy labor market, are also enticing buyers to act right now. While demand is up, inventory remains stagnant, which only serve to drive-up prices, and strain the patience of homebuyers everywhere. There are several steps a buyer can take to ease the stress that naturally comes this time of year. Come prepared!

  1. Know your financial status and credit limitations. They will affect the terms of a mortgage, the interest rate you will pay and the types of mortgages you can qualify for.
  2. Get pre-approved for a loan. Being pre-approved gives you bargaining power that you'll need in this highly competitive environment. Plus, you'll know how much house you can afford before shopping.
  3. Have your list of must-haves in order. If you must have a walk-out basement, then walk away from that gorgeous 2 bedroom condo, even though it seems like a great deal. Think long-term as well. Are you planning to have a family in the next two years? Then you need to consider school location as well.
  4. Use a strong, full-time real estate agent that can react quickly and look out for your best interests at all times of the day. Ask for market status reports, similar to the ones here that provide inventory in the area, median price and more. I know how to use this information to your advantage, help you negotiate, keep you informed, and walk you through the entire purchasing process.
It's a stressful market out there, but it doesn't have to be. Align yourself with me and let me lead you through the process and minimize the stress for you.   Find Your County/Zip Below to See Your Market Report. Want a hyper-local, up-to-the-minute report specifically for your neighborhood or town? Just Call and Ask - it’s free!   617-901-6004 Massachusetts Boston - 02113-North End | Boston - 02115-Fenway | Boston - 02116-Back Back | Boston - 02118-South End | Boston - 02130-Jamaica Plain | Boston - 02210-Seaport | Boston - 02114-Beacon Hill 02108 | Boston - 02108 | Boston - 02129-Charlestown | Barnstable Bristol | Essex | Franklin | Hampden | Hampshire | Middlesex | Norfolk | Plymouth | Suffolk Worcester Maine Androscoggin | Cumberland | Kennebec | Lincoln | Sagadahoc | York New Hampshire Belknap | Carroll | Hillsborough | Merrimack | Rockingham | Strafford Rhode Island Bristol | Kent | Newport | Providence | Washington

Your “Boston to the Burbs” Expert

For a free estimate of your property’s value, call or email today!

Contact: 617.901.6004 | Russell@RussellHulteen.com





Posted by Russell Hulteen on 4/25/2016

WELCOME SPRING! Spring is finally here and the housing marketing is receiving some much welcomed warmth. With winter finally at an end, more sellers are likely to jump into the market in the coming weeks and buyers are rejoicing. There are plenty of homebuyers who are ready to purchase a home right now. Pending home sales rose solidly in February to their highest level in seven months and remain higher than a year ago, according to the National Association of Realtors® (NAR). Lawrence Yun, chief economist for NAR said. "Looking ahead, the key for sustained momentum and more sales than last spring is a continuous stream of new listings quickly replacing what's being scooped up by a growing pool of buyers." This is continued good news for home sellers. According to the National Association of Realtors® (NAR), which recently released its February housing data, properties typically stayed on the market for an average of 59 days. This is an indicator that buyer demand is still very strong. Essentially, the message has been the same as it has been for months. Now is the opportune time for sellers to put their home on the market. According to NAR, total housing inventory of existing homes available for sale at the end of February increased 3.3 percent, but was still 1.1 percent lower than a year ago. Unsold inventory is only at a 4.4-month supply. A balanced market is considered 6 months. For home sellers, that means if you want to sell your home, it will sell and most likely, rather quickly. To learn what is happening with prices, inventory and sales activity in the communities that interest you most, look to the graphs provided with this update. Even better, contact me today. I can help you review your options and advise you on how you can act now.   Find Your County/Zip Below to See their Market Reports. Want a hyper-local, up-to-the-minute report specifically for your neighborhood or town? Just ask - it’s free! 617-901-6004 Massachusetts Boston - 02113-North End | Boston - 02115-Fenway | Boston - 02116-Back Back | Boston - 02118-South End | Boston - 02130-Jamaica Plain | Boston - 02210-Seaport | Boston - 02114-Beacon Hill 02108 | Boston - 02108 | Boston - 02129-Charlestown | Barnstable Bristol | Essex | Franklin | Hampden | Hampshire | Middlesex | Norfolk | Plymouth | Suffolk Worcester Maine Androscoggin | Cumberland | Kennebec | Lincoln | Sagadahoc | York New Hampshire Belknap | Carroll | Hillsborough | Merrimack | Rockingham | Strafford Rhode Island Bristol | Kent | Newport | Providence | Washington

Your “Boston to the Burbs” Expert

For a free estimate of your property’s value, call or email today!

Contact: 617.901.6004 | Russell@RussellHulteen.com





Posted by Russell Hulteen on 4/17/2016

805 Main Street, Winchester. $470,000

This charming Winchester commercial building was sold by Russell Hulteen – Coldwell Banker Commercial & Residential Brokerage.

Click here for more details on 805 Main Street, or to browse other properties for sale, go to www.RussellHulteen.com

Your “Boston to the Burbs” Expert

For a free estimate of your property's value, call or email today!

Contact: 617.901.6004 | Russell@RussellHulteen.com

 




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