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Win a Month of Yoga From Wellness Hot Yoga in North Andover, MA!

Michelle has been a fan of Wellness Hot Yoga in North Andover, MA for several years.  Originally curious about how hot yoga could help her with some lower back issues, she tried a class and was hooked.  Owner Teri Almquist has built supportive community in her studio over the past 12 years.  Her loyal students have many different reasons for coming, and all share a common love for this type of yoga practice.  

Currently Wellness Hot Yoga has a host of classes on their website for free.  She is also generously giving away a free month of yoga, to be used when the studio reopens.  Wouldn't this be a great act of self-care to start now and look forward to once we can leave our houses again!?  We would be thrilled if the gift card went to someone in the restaurant/service industry or medical field. Maybe enter for yourself or a friend?!  Enter the giveaway via our Facebook or Instagram pages! 

 

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Social Distancing And The Effect On The Real Estate Market

It's been over a week since Governor Baker closed schools and restricted gatherings to no more than 25 people.    Now restrictions have gone even further.  We wanted to look at the specific data to see how this effected our local market in the Suburbs North of Boston.  Since new information is coming out daily, including Monday's Stay at Home Advisory, we will be looking at the data on a weekly basis to report the state of our local market. Watch the video below for John's review on the market from the past two weeks. 
Please don't hesitate to reach out if you have any questions or concerns!
 

Watch the video below to learn more!

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Buying Or Selling A Home During A Time of Uncertainty

Photo by Dan Carlson on Unsplash

This has certainly been a trying week.  Our lifestyle has shifted and there are concerns that many of us haven't had to consider before.  We want our clients to know that we are still working everyday, just with a few more family and nature breaks.  Instead of our office being on Main Street in Reading or Andover, it's in our home, probably next to our young sons, reading or playing.  But we are still available and want to make sure you reach out with any questions! 

At the same time we are lucky to have so much technology at our finger tips! We can stay connected with friends, family, co-works and clients with the push of a button.  We want everyone we are working with to know that we are willing and able to use any technology necessary to continue with your home buying or selling process.
For buyers, there are many ways to see homes virtually.  We'd be happy to show a home over FaceTime or through video!  

For sellers, We have always utilized video, and now more than ever, a professional video walkthrough is crucial.  We can also host "Virtual Open Houses” via Facebook live. Public open houses can be held for a longer timeframes to reduce a large group of people gathering at one time.   

For our sellers that choose to hold a public open house-afterwards,  we will cover the cost and arrange for our cleaners to come in.

If you would like to discuss how the corona virus may impact your move, give us a call

at 617-275-3379.  Or e-mail us at homes@ternullorealestate.com.

March 2020 Real Estate Market Update For The Suburbs North of Boston

“How will coronavirus affect real estate?  Some folks will be afraid to make decisions,” reports Linda O’Koniewski, CEO of Leading Edge.  “Remember what Warren Buffet famously said, ‘Be fearful when others are greedy, be greedy when others are fearful.’  It applies now.  Meanwhile, there aren’t enough properties to meet buyers demand in many markets and especially at affordable price points.  Interest rates plummeted this week, so the feeding frenzy is on in hot neighborhoods for desirable properties.”

If you're considering a move in the suburbs north of Boston we'd love to hear from you!

Call us at 617-275-3379 or Contact us here.

Curious about the numbers for your area?  Click the link for your town!

AndoverNorth AndoverNorth ReadingReadingWakefield and Stoneham

Be sure to like us on Facebook and follow us on Instagram for a behind the scenes of our day to day and favorite happenings north of Boston!

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Win a Month of Unlimited Classes from Simply Fit & Fun in Reading, MA!

We had a blast filming our February Community Spotlight with Simply Fit & Fun in Reading, MA!  Stefanie and Danielle's energy is infectious, and they have one of the best Zumba classes in the suburbs North of Boston!

Click the video below to learn more!

Plus be sure to visit our Facebook and Instagram pages to be entered to win a month of unlimited classes from Simply Fit & Fun!  Michelle and Liz are joining their popular 21 day clean eating program.  It starts March 16th, stay tuned to Facebook and Instagram to follow their progress!

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For Sale! 11 Wilson Ave. South, North Reading MA 01864


Welcome to 11 Wilson Ave South! This renovated and updated home features an open layout ideal for everyday dinners, gathering with friends or spending time with family.  The updated kitchen features stainless appliances, gorgeous granite, beverage fridge and ample space at the island! The main bath is new and features a beautiful oversized white vanity. The second bedroom offers an additional space to allow for a shared bedroom or a place for homework.  The upstairs bonus space (has lower ceilings)  however is perfect for a child's playroom or bedroom. The finished basement with full bathroom offers additional flexibility in the layout.  2 separate garage spaces to beat the winter!  If you are looking for extra space for extended family, home office or studio, the 3rd bedroom, (over the garage) features a separate space complete with with wet bar and bath!

Open House Saturday 2/29  & Sunday 3/1 from 12-1:30pm

Click here to learn more about this property!

Send us a message for details or contact us at (617) 275-3379.

Watch the video virtual tour for 11 Wilson Ave. South, North Reading, MA 01864 below!

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How the Housing Market Benefits with Uncertainty in the World

How the Housing Market Benefits with Uncertainty in the World | MyKCM
 

It’s hard to listen to today’s news without hearing about the uncertainty surrounding global markets, the spread of the coronavirus, and tensions in the Middle East, just to name a few. These concerns have caused some to question their investment plans going forward. As an example, in Vanguard’s Global Outlook for 2020, the fund explains,

“Slowing global growth and elevated uncertainty create a fragile backdrop for markets in 2020 and beyond.”

Is there a silver lining to this cloud of doubt?

Some worry this could cause concern for the U.S. housing market. The uncertainty, however, may actually mean good news for real estate.

Mark Fleming, Chief Economist at First American, discussed the situation in a recent report,

“Global events and uncertainty…impact the U.S. economy, and more specifically, the U.S. housing market…U.S. bonds, backed by the full faith and credit of the U.S. government, are widely considered the safest investments in the world. When global investors sense increased uncertainty, there is a ‘flight to safety’ in U.S. Treasury bonds, which causes their price to go up, and their yield to go down.”

Last week, in a HousingWire article, Kathleen Howley reaffirmed Fleming’s point,

“The death toll from the coronavirus already has passed Severe Acute Respiratory Syndrome, or SARS, that bruised the world’s economy in 2003…That’s making investors around the world anxious, and when they get anxious, they tend to sell off stocks and seek the safe haven of U.S. bonds. An increase in competition for bonds means investors, including the people who buy mortgage-backed bonds, have to take lower yields. That translates into lower mortgage rates.”

The yield from treasury bonds is the rate investors receive when they purchase the bond. Historically, when the treasury rate moves up or down, the 30-year mortgage rate follows. Here’s a powerful graph showing the relationship between the two over the last 48 years:Popular Perspective Delivers Gift to U.S. Housing Market | MyKCM

How might concerns about global challenges impact the housing market in 2020? Fleming explains,

 

“Even a small change in the 10-year Treasury due to increased uncertainty, let’s say a slight drop to 1.6 percent, would imply a 30-year, fixed mortgage rate as low as 3.3 percent. Assuming no change in household income, that would mean a house-buying power gain of $21,000, a five percent increase.”

Bottom Line

For a multitude of reasons, 2020 could be a challenging year. It seems, however, real estate will do just fine. As Fleming concluded in his report:

“Amid uncertainty, the house-buying power of U.S. consumers can benefit significantly.”

 

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February 2020 Real Estate Market Report for the Suburbs North of Boston

“Homeowners who are planning to sell should consider getting their property on the market immediately while buyers are flooding open houses, interest rates are low and consumer confident is ebullient,” said Linda O’Koniewski, CEO of Leading Edge.  “It’s been over a year since we’ve seen the dynamism of this market. It’s gonna be a rock fight for homes that are updated tastefully, show well and are priced right in some neighborhoods.”

 

 

If you're considering a move in the suburbs north of Boston we'd love to hear from you!

Call us at 617-275-3379 or Contact us here.

Curious about the numbers for your area?  Click the link for your town!

AndoverNorth AndoverNorth ReadingReadingWakefield and Stoneham

Be sure to like us on Facebook and follow us on Instagram for a behind the scenes of our day to day and favorite happenings north of Boston!

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Community Spotlight with Jen Finnegan of holistichealthjourney.org

We are thrilled to be kicking off a three month health series for our Community Spotlight videos!  January through March we'll feature some of our favorite businesses that focus on healthy living.  All of these business are women run and work North of Boston!  Since January is the time to set goals for the new year, we thought Jen Finnegan of holistichealthjourney.org was the perfect person to start with.  Jen is a mind body and wellness coach based out of Marblehead, MA, but often holds retreats around New England.  She helps men, woman and children ages 5 and up through mindfulness, meditation, yoga and plant based nutrition. Visit her website holistichealthjourney.org to learn how she helps people with personal growth and healing from many different concerns from anxiety to mood swings to inflammation.  She's even an expert in decluttering, one of Michelle's favorite topics! We think many of you will be able to relate to her story.  Be sure to watch the video through to the end for a simple daily breathing exercise to help ground yourself throughout your busy day. 

Check out the video below to see Michelle's interview with Jen!

Be sure to like us on Facebook and follow us on Instagram for a behind the scenes of our day to day and favorite happenings north of Boston!

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January 2020 Real Estate Market Update for the Suburbs North of Boston

 

“Bidding wars are coming back,” said Linda O’Koniewski, CEO, Leading Edge. “While the market softened in the last half of 2019, low inventory remains a challenge, and as long as mortgage rates stay low, I expect sellers to continue to be in the driver’s seat. Buyers face increased competition in many pockets.  Hot neighborhoods like Melrose and Arlington are already experiencing this uptick in competitive offers and we haven’t even hit the busy season yet. If you’re thinking of selling, now is the time to begin preparing your home for the Spring market. Trash day and recycling day are holidays for those who need to declutter.”

If you're considering a move in the suburbs north of Boston we'd love to hear from you!

Call us at 617-275-3379 or Contact us here.

Curious about the numbers for your area?  Click the link for your town!

AndoverNorth AndoverNorth ReadingReadingWakefield and Stoneham

Be sure to like us on Facebook and follow us on Instagram for a behind the scenes of our day to day and favorite happenings north of Boston!

 

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