Russell Hulteen - Coldwell Banker Residential Brokerage



Posted by Russell Hulteen on 1/14/2016

A NEW YEAR BRINGS RENEWED ENTHUSIASM Happy New Year! I am pleased to welcome 2016 and look forward to an exciting year for the real estate industry. While there is no crystal ball to predict what the coming year holds, many factors that impact the real estate industry have been positive. Most agree that growth in the housing market is largely bolstered by the stability of the job market. As reported by Marketwatch, 2015 will be the second-best calendar year for U.S. job growth in this millennium. The greater Boston area continues to have a strong outlook, particularly after the recent announcement by General Electric that their world headquarters will be moving to Boston. While the Federal Reserve raised short-term interest rates, it did so because of a strengthening economy and financial markets remained resilient and receptive in light of the hike. One has to remember as well that even if rates continue to inch higher, the rates are still very low historically. Rising rents in most markets around the country continue to make purchasing a home a better financial option for many. Last year was another record-setting year in the number of renters paying more than 30 percent of their income on housing costs, according to the 2015 report on rental housing released from the Harvard Joint Center for Housing Studies. Additionally, home prices are increasing. According to the National Association of Realtors®, the median existing-home price for all housing types in November was $220,300, which is 6.3 percent above November 2014. November's price increase marks the 45th consecutive month of year-over-year gains. While the pace for home sales tends to be slower around the holiday season, there are buyers currently active in the market now and are eager to make their move before the frenzy and stiff competition of the spring market. Even though it is still winter, marketing your home now could be very advantageous and lower inventory presents an immediate opportunity for sellers. Plus, with prices steadily rising, you may find yourself in a position to take advantage of increasing equity. If you are in the process of buying or selling a home, it’s important to discuss these dynamics with me. I can explain how numerous factors, including those shared here, can impact your home buying or selling goals. I am hopeful that 2016 will continue to bring a revived economy and a growing housing market. I look forward to what awaits in the New Year and assisting you with all of your real estate needs in 2016 and beyond. Happy New Year! Find Your County/Zip Below to See the Numbers... 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

Personalized expert guidance in the purchase and sale of Real Estate

Contact: 617.901.6004 |





Posted by Russell Hulteen on 12/12/2015

SELLERS NEEDED! The National Association of Realtors® (NAR) released the latest housing statistics and sales were not as vibrant as in recent months. Before panicking, it's important to understand the factors at play and recognize that there are opportunities to be had under any situation. According to NAR, total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 3.4 percent in October when compared to September. Despite the slight decline, sales are still 3.9 percent above a year ago which demonstrates that the overall health of the market continues to improve. So why would sales dip if the market is improving and where are the opportunities? There are buyers currently in the market who are anxious to take advantage of lower interest rates, and lower prices as they continue to increase. The median existing-home price for all housing types in October was 5.8 percent above October 2014. October's price increase marks the 44th consecutive month of year-over-year gains. The main issue facing many of these buyers is a lack of inventory of new and existing homes. In the same release provided by NAR, total housing inventory at the end of October decreased 2.3 percent and is 4.5 percent lower than a year ago. Unsold inventory is at a 4.8-month supply which is keeping us in a tight seller's market. But...there are unique opportunities available to determined buyers in December. Let's not forget, while most buyers this month are distracted by shopping and traveling, houses are STILL coming on the market. Stay vigilant and watch your MLS updates, because not again until July or August will there be outside-the-market buyer distraction like there is in December. That said, if the opportunity for buyers this December is big, the opportunity for sellers is tremendous. The average days on market in October was 57 days demonstrating that homes priced right and in good condition are selling quickly. If you're going to need time to prepare your property, start now. Listing during the Winter in a sellers' market enables home sellers to jump in well before the Spring crush and before contentious competition can snatch your buyer's attention. Buyers this time of year are also more serious and tired of haggling. If the concern is one of time or inconvenience, there is no need to worry. I can help you manage the details and will guide you through the process. If you are on the fence about selling your property right now, look to the trends taking place in your market area by viewing the data here. Reviewing inventory levels, days on market and average price could help you make a decision. Even better, call me and I will review with you the benefits and any challenges you could face. Selling a home is one of the most important financial decisions one will make and I can help. Find Your County Below to View Your December Market Data 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

Expert guidance in the purchase and sale of your Real Estate property

 Call 617.901.6004 |





Posted by Russell Hulteen on 11/11/2015

HOMEOWNERSHIP IS STILL THE AMERICAN DREAM If you want to purchase a home, you’re not alone. The National Association of Realtors (NAR) recently released its 11th annual Housing Opportunity Pulse Survey which questioned Americans from across the nation on their attitudes towards homeownership. According to the survey, a vast majority of Americans believe that buying a home is a solid financial decision, and most believe they could sell their home for at least its initial purchase price. It also found that a majority of Americans think that now is a good time to buy a home. The latest statistics certainly support the study results. According to NAR, existing–home sales rebounded strongly in September and have now increased year–over–year for 12 consecutive months. The number of renters who are now thinking about purchasing a home has also increased since the last survey, up from 36 percent to 39 percent. Sixty-one percent of renters stated that owning a home is a priority. That isn’t surprising considering that the Associated Press reported last month that rents are still climbing at a faster pace than average earnings and rental housing costs have been rising nationwide at roughly double wage growth. The result is an affordability crunch for renters. For those in a position to buy now, it is still a prime opportunity. Interest rates are still historically low, and home sellers also tend to be more motivated this time of year and more willing to negotiate. Additionally, buyers don’t have as much immediate competition. NAR’s survey respondents agreed, with 68 percent of respondents saying that now is a good time to buy a home. If you are currently in the market to purchase a home, look to the specific trends taking place in your market area by viewing the chart here. Feel free to contact me and I can provide you with a detailed analysis of the data, and show you properties in the areas you desire. In addition, I can suggest a mortgage adviser and can lead you through the entire process of purchasing your American dream. Click below to see the latest Market Data for your area: Massachusetts Boston - 02113-North End | Boston - 02115-Fenway | Boston - 02116-Back Bay | Boston - 02118-South End | Boston - 02130-Jamaica Plain | Boston - 02210-Seaport | Boston - 02114-Beacon Hill02108 | Boston - 02108 | Boston - 02129-Charlestown | BarnstableBristol | Essex | Franklin | Hampden | Hampshire | Middlesex | Norfolk | Plymouth | SuffolkWorcester Maine Androscoggin | Cumberland | Kennebec | Lincoln | Sagadahoc | York New Hampshire Belknap | Carroll | Hillsborough | Merrimack | Rockingham | Strafford Rhode Island Bristol | Kent | Newport | Providence | Washington

Contact: 617.901.6004 |

 





Posted by Russell Hulteen on 9/10/2015

   







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