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Archive Blog Boston Featured For Agents For Buyers For Sellers Larry Lawfer Luxury Luxury Market MA Milton Newton

The World has changed and other good news

Larry-Mask-Covid-2020

The World has changed and other good news. I’m no poly-anna and I don’t like to be lied to, so there is that. I think most people feel this same way. We take our time individually and alone (god knows we have the time) to sort out what a world and economic pandemic really is to us. It is everything and nothing. There is true reason to be terrified of an economic disaster or a viral pandemic, but both. C’mon! And yet I have seen evidence of growth and shared values. It is a health versus a non health issue first and an economic disaster second. We are sorting that out.

I have seen fathers in the yards playing with their kids. I see the look on the kids faces and see this is the time they remembered their Dad throwing them the ball in the yard. It is all perspective; I hate when I think like that. The individual sacrifices we are all making to get by pales in comparison to the people who are keeping our country alive.  In this grueling and dangerous work load we are seeing a common enemy and we are coming together to find the answer.

I do think that will be remembered.  The assumption is we all survive, and looking at the statistics not all of us will survive.  What will be your legacy, the last words? I am not asking for hands here because I know you are not here. 

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Single Family New Listings: 2 Median Liv. Area SqFt: 3555.5 Median List $: $1,689,000 Median List $/SqFt: $481 Median DOM: 1.5

Single Family Active Listings: 18 Median Liv. Area SqFt: 4,491 Median List $: $2,018,500 Median List $/SqFt: $450 Median DOM: 56

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Single Family Under Agreement Listings: 12 Median Liv. Area SqFt: 2,910 Median List $: $1,579,500 Median List $/SqFt: $535 Median DOM: 18.5 Median DTO: 7

Single Family Sold Listings: 9 Median Liv. Area SqFt: 2,825 Median List $: $1,250,000 Median List $/SqFt: $436 Median DOM: 19 Median DTO: Median Sale $: $1,235,000 Median Sale $/SqFt: $427

Single Family Temporarily Withdrawn Listings: 10 Median Liv. Area SqFt: 4,689 Median List $: $1,983,500 Median List $/SqFt: $441 Median DOM: 38.5

Single Family Canceled Listings: 4 Median Liv. Area SqFt: 5,218 Median List $: $2,207,388 Median List $/SqFt: $461 Median DOM: 167.5

The Market in Newton statistics are from MLSPIN the local MLS. There is lots to sort out here. The legal is being worked out and properties are closing and being inspected and appraised, just in different ways. The banks and the underwriters are turning up the screws a bit more. The World has changed and other good news

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Blog Featured For Agents For Buyers For Sellers Larry Lawfer MA market reports Milton Newton Podcast Seller

Not living in fear, perspective, hope and caring

Not living in fear, perspective, hope and caring in this time of Covid-19, the offical title for the corona virus pandemic that is sweeping the world right now.  People all over the world are living with this new reality. A virus that is fast moving and very contagious has made it from China, through Italy and now here in the US. There was political maneuvering from the Oval Office that promises to make it worse in the states.  Federal response has been slow and plodding. Fortunately the individual State officials are stepping up in the wake of the response to protect their citizens. Here in Massachusetts our Governor has already taken strong actions.

Later today we are doing a podcast on Broker-Talk.com with a Luxury Agent from Milan, Italy. He will share with us what his country and his business has been doing over the last month of this pandemic in his country. There are so many questions here and it is now a time for action to protect yourself and your family. Washing hands, cleaning surfaces, limiting time around people in public is the beginning of protecting yourself.

Real estate industry continues to go on. People are still buying and selling homes and now they are using new approaches.  Live video tours are taking the place of open houses. Private showings are replacing group showings. If you are sick, STAY HOME.  That should be easy because most business have already been shut down due to the pandemic. Schools are closed, restaurants have no seatings and are only doing take out.  At this point it is less than a week since the Federal Government even admitted there is an issue and this is months after they were made aware. Now is not the time to be making or loosing political points, it is a time for Americans to show our extraordinary resolve and spirit. Stay well. Not living in fear, perspective, hope and caring

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Archive Blog Boston Buyer Buying Myths Featured For Agents For Buyers For Sellers Larry Lawfer MA Millennials Move-Up Buyers RealtorĀ® Rent vs. Buy Seller Selling Myths

Running Out of Toilet Paper and Loosing my Mind

Running Out of Toilet Paper and Loosing my Mind is a perfect description of this historic day. CoronaVirus, Covid-19 is on the upswing, the Fed just cut it’s rate to zero and there are actually agents out there who don’t know the relationship with the Fed Rate and the Interest Rates banks charge for mortgage loans.  The running out of toilet paper is this moments true craziness. For some reason people are hoarding toilet paper and the thoughts that come to mind for why are just too horrifying to consider without disinfectant.

There are still lots of buyers who are looking for homes and not near enough homes on the market to satisfy the need. On the other side of that is price, with scarcity comes increased prices, but with the threat of life altering pandemic the desire to get out makes the price negotiable.

With Stock markets in jittery free fall and the bond market being artificially propped up with federal dollars it just may be the time to put your money into real estate. While we can not predict what will happen we can look to past performance (which is not a prediction of future performance) I am just saying that it might be a very good

I didn’t know that!

time to buy good properties and get a great interest rate. It is possible the stock market will rebound after the global pandemic crisis runs it’s course. Buying real estate, choosing a longer range investment strategy is worth considering.

 

There has never been a time in history when working with a professional who understands the market and the process is more important for the best bottom line in real estate. Trusting to a person without experience and inside knowledge is sure to bring a diminished return. Running Out of Toilet Paper and Loosing my Mind