“Defaults on recent low down payment loans, so far, are slow, but that is as much a factor of the good credit quality as it is the strength of the housing market. Home prices are rising incredibly fast, meaning those borrowers are gaining equity in their homes quickly.”Low down payments aren’t just great for first-time homebuyers. These programs have allowed homeowners who want to capitalize on the equity they have in their homes to use the profit from their sale to pay off high-interest credit cards, fund education or even start a business. According to a new Census Report, the Annual Survey of Entrepreneurs, home equity was used to start 7.3% of all businesses in the United States, which equates to over 284,000! The industries that saw the most growth from home equity are accommodation & food services, manufacturing and, retail trade.
How would this “send a flood of more homebuyers into the housing market”?As the article mentioned, in 2010 the number of chapter 7 bankruptcies increased to nearly 1.14 million. Now, 7 years later, they will begin to fade from credit histories, enabling prospective buyers to become homeowners again once their credit scores improve. As we can see from both reports, the homeownership rate has the opportunity to increase drastically over the next few years with all of these boomerang buyers returning to the market.
Bottom LineIf your family was negatively impacted by the housing bust, here is the light at the end of the tunnel! You may be able to purchase your dream home faster than you think!
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
Bottom LineIf you are thinking of selling your home, don’t underestimate the role a real estate professional can play in the process.
So now the Spring market is winding down and yet it is still super heated in this area of the country. Boston Area Move In Homes correctly priced are flying off the market. those left are either over priced or poorly marketed. Not all agents are created equal.
If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are some predictions on where rates will be by the end of the year:
“While full employment and rising inflation are signs of a strong economy, they also have the potential to push mortgage rates and house prices up. The higher rates and higher prices create significant affordability concerns, which may continue to characterize the housing market for the rest of 2017.”
“By the time we get to the fourth quarter of this year, we will still be under 5 percent – we are thinking 4.7 percent…Something north of 5 percent by the time we get to 2018, and by the time we get to 2019, we show fourth-quarter rates hitting 5.5 percent.”
“Despite some regional disparities, title agents and real estate professionals do not expect increasing mortgage rates to have a significant impact on the housing market this spring. Continued good economic news, increasing Millennial demand and confidence that buyers will remain in the market even if rates exceed 5 percent bode well for 2017 real estate.”
“We will probably see rates higher at the end of year, around 4.5%.”
If you are feeling good about your family’s economic future and are considering making a move to your dream home, doing it sooner rather than later makes the most sense.
Private, Secure and Special! Weston MA Contemporary. This is how I would describe 165 Conant Road after my visit for you this weekend. This contemporary home is unlike any other we have seen. It is unassuming when you pull in the driveway. It sits sideways on its very distinctive and professionally manicured yard. As you enter the front door you see another door further down the entryway. You won’t know, and could never guess this is a private entrance for an au pair suite. The frosted glass windows on the large double entrance front doors keep you from seeing the magnificence of the soaring glass contemporary house inside. You will never know how wonderful this home is until you visit.
As I entered, my breath was taken away from the immense glass wall that is this house. It soars from this entrance the entire side of the house. There are two beautifully sculpted stairways leading up, but that is not what I felt as I walked directly to the light and windows. What I felt was the grandeur. Contemporaries are not like regular houses and those that love them understand they choose to live life by their own rules. When I got to the windows I turned around to see what I was missing as I was drawn to the rounded architectural beauty of this side of the house upon entering.
What I saw was a soaring spiral of wood, shape and design. What I found out when I went up the stairs is that this is where the Master Suite, another family room-more intimate than the first floors- and a game room. The very large master also held two sets of stairs that are private to the Master. One set will take you down to the kitchen and patio while the other circles upstairs to a private office. This private office space keeps you focused on your tasks and away from all the activities of this large and lovely house.
As you come down the back stairs from the Master you are graced with a view of the manicured backyard. I think you will be particularly impressed with the human sized chess board made into the patio. Large chess pieces will allow you to invite your chess loving friends to play this game in a way that brings life to the competition. The back yard patio is very large and would permit elegant parties to be enjoyed in complete privacy. While Conant Road is a busy road the way this contemporary is situated, you will never ever feel the road from inside the house. The way the structure sits on the property you can enjoy this home in complete privacy without ever seeing or hearing your neighbors.
This is a one of a kind property and it currently comps out at above the full asking price. While contemporaries are not for everyone, anyone who likes contemporaries will love this one. Lest I forget anything the Kitchen was remodeled recently by one of the most respected kitchen designers in this area and has all the things any master chef would want. Finally there is another room down the steps from the entry way that is perfect for a children’s play room, a guest room, a bedroom for an elderly relative because it has it’s own entrance and toilet, or you can use it as the family does as a music room. You must come to see this house while it is off the market. I know you will be impressed as I am .