Once upon a time in the Boston North Shore mortgage market, "adjustable rate mortgages" (ARMs) was a phrase that was shunned. During the Great Recession of just a few short years ago, many consumers experienced their mortgage payments spike to levels of unaffordability. Sadly, some of those homeowners fell victim to foreclosure. But what about […]
Fed’s Impact on Boston North Shore Housing
Boston North Shore housing is obviously affected by interest rates, and recently, the much anticipated rate hike by the Federal Reserve was once again put on hold because Fed Chairwoman Janet Yellen said she thinks the housing market is still not where it needs to be. Jeff Taylor of Digital Risk appeared on Fox Business […]
Your Boston North Shore Homeowners Insurance: Are You Covered?
Your Boston North Shore homeowners insurance policy provides coverage against most perils and damages. There are some, however, that are not covered. Unfortunately, those are usually the ones that catch you off guard — and they can be expensive. While every policy is different, you should peruse your Boston North Shore homeowners insurance coverage to […]
Boston North Shore Home Buying On Back Burner?
Many Boston North Shore home buying experts say that more people are waiting longer to purchase. This is especially true with the generation known as "Millennials," those in their late 20s to mid 30s. In fact, according to Zillow the average age of most first-time home buyers is 33, compared to 29 in the late […]
Boston North Shore Real Estate Prices Rising
Boston North Shore real estate prices are rising. And that’s both good news and bad news, depending on whether you’re a home seller or a home buyer. According to the National Association of Realtors the median home price in the United States was up over 8% in the second quarter of this year compared to the […]