Westwood MA home for sale best deal in luxury, Westwood MA real estate has much to offer but only a few homes are great deals in their category. In the first few seconds of finally finding this wonderful and secluded house you feel at home. 34 Briarwood De, Westwoo, MA 02090 is located in a neighborhood where children make life long friends. The house sits far enough off the road that your neighbors will never know what you are grilling in the back yard. Living in a wonderful neighborhood far enough away from your neighbors and secluded by your professionally landscaped yard filled with old growth trees gives you the sense of living much further away from the highways and city. But there you are 34 Briarwood Dr, Westwood, MA 02090
Westwood MA home for sale best deal in luxury, Westwood MA real estate has much to offer but only one home is the best deal in homes that are differing. IN this category and price range you have gut rehab of near tear downs and homes that have been lovingly maintained and upgraded by the owners. When you care enough to pay extra for wood work, doors, moldings and windows you know you are buying not just some quick flip, but a home with quiet beauty and a sense of solitude. This property is almost the largest in the neighborhood and the house sits behind stately trees almost invisible from the street. Privacy, seclusion and quest so close to the highways back into the city and beyond.
Westwood high schools are very highly rated in MA. The girls lacrosse team is a perennial contender for the state championship. This property sends it’s children to Martha Jones Elementary, Thuston Middle School and Westwood High School. Xaverian Brothers High School, a prvate Catholic Boys school is also located in Westwood. Westwood MA home for sale best deal in luxury
According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years.
After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very little in common with what happened last decade.
The two major causes of the housing crash were:
- A vast oversupply of housing inventory caused by home builders building at a pace that far exceeded historical norms.
- Lending standards that were so relaxed that unqualified buyers could easily obtain financing thus enabling them to purchase a home.
Today, housing inventory is at a 20-year low with new construction starts well below historic norms and financing a home is anything but simple in the current mortgage environment. The elements that precipitated the housing crash a decade ago do not exist in today’s real estate market.
The current increase in home prices is the result of a standard economic equation: when demand is high and supply is low, prices rise.
If you are one of the 58% of homeowners who are concerned about home values depreciating over the next two years and are hesitant to move up to the home of your dreams, take comfort in the latest Home Price Expectation Survey.
Once a quarter, a nationwide panel of over one hundred economists, real estate experts and investment & market strategists are surveyed and asked to project home values over the next five years. The experts predicted that houses would continue to appreciate through the balance of this year and in 2018, 2019, 2020 and 2021. They do expect lower levels of appreciation during these years than we have experienced over the last five years but do not call for a decrease in values (depreciation) in any of the years mentioned.
If you currently own a home and are thinking of moving-up to the home your family dreams about, don’t let the fear of another housing bubble get in the way as this housing market in no way resembles the market of a decade ago.
Put Your Housing Cost to Work for YouAs we’ve said before, simply put, homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth. Every time you pay your rent, you are contributing to your landlord’s net worth. The latest National Housing Pulse Survey from NAR reveals that 84% of consumers believe that purchasing a home is a good financial decision. William E. Brown comments:
“Despite the growing concern over affordable housing, this survey makes it clear that a strong majority still believe in homeownership and aspire to own a home of their own. Building equity, wanting a stable and safe environment, and having the freedom to choose their neighborhood remain the top reasons to own a home.”
Bottom LineIf you are interested in finding out if you could put your housing cost to work for you by purchasing a home, let’s get together and evaluate your ability to buy today!
- Thinking of moving across the country? How far will your money take you?
- The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states.
- The ‘Biggest Bang for your Buck’ comes in Mississippi where, compared to the national average, you can actually purchase $116.01 worth of goods for $100.
- For more information regarding the methodology used to create the map, visit the Tax Foundation.
Why the dramatic increase?The reasons for this change are plentiful! The fall in home prices during the housing crisis left many homeowners in a negative equity situation (where their home was worth less than the mortgage on the property). Also, the uncertainty of the economy made some homeowners much more fiscally conservative about making a move. With home prices rising dramatically over the last several years, 93.9% of homes with a mortgage are now in a positive equity situation with 78.8% of them having at least 20% equity, according to CoreLogic. With the economy coming back and wages starting to increase, many homeowners are in a much better financial situation than they were just a few short years ago. One other reason for the increase was brought to light by NAR in their 2017 Home Buyer and Seller Generational Trends Report. According to the report,
“Sellers 36 years and younger stayed in their home for six years…”These homeowners who are either looking for more space to accommodate their growing families or for better school districts are more likely to move more often (compared to 10 years for typical sellers in 2016). The homeownership rate among young families, however, has still not caught up to previous generations, resulting in the jump we have seen in median tenure!