Many analysts projected home price appreciation would slow dramatically in the fall of 2021 and then continue to soften throughout 2022. So far, that hasn’t happened. The major price indices are all revealing ongoing double-digit price appreciation. Here’s a look at their reports on year-over-year price appreciation for December:

• Federal Housing Finance
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A recent survey revealed that many consumers believe there’s a housing bubble beginning to form. That feeling is understandable, as year-over-year home price appreciation is still in the double digits. However, this market is very different than it was during the housing crash 15 years ago. Here are four key reasons why today is nothing [...]

Here’s a look at the north of Boston real estate market specifically Middlesex and Essex counties comparing January of 2022 to January of 2021. Overall inventory is actually lower than it was last January and down close to 36%.  The total number of homes sold is also down about 14 %, most likely because of low inventory levels. Days on [...]

The Candy Dish in North Andover is one of our go-to places for specialty treats and the best chocolate covered caramels around!  Co-owners Melissa DiMinico and Shauna Semenza have created a beautiful space that not only sells delicious candies, but also wine, spirts and specialty gifts.  Shauna is the the culinary master behind all of their confections while Melissa takes care of the business side.  Michelle is a big fan of the chocolate covered caramels but their specialty Chocolate Lobster is a fantastic treat to try as well!  

As part of this Community Spotlight The Candy Dish is giving away an amazing gift including a bottle of Chateau De Berne Romance Rose, a limited edition carved heart bowl filled with 2lbs of handmade candies and 10 nip-sized bottles of fireball!  Perfect to share with your sweetheart!  Check out our Facebook and Instagram pages to enter!

If you’re thinking about selling your house in 2022, you truly have a once-in-a-lifetime opportunity at your fingertips. When selling anything, you always hope for strong demand for the item coupled with a limited supply. That maximizes your leverage when you’re negotiating the sale. Home sellers are in that exact situation right now. Here’s [...]

If you are planning on selling your home in 2022 in the suburbs north of Boston our advice is get your home ready for market and come on the market sooner rather than later.  There's no need to wait until the spring as the seasonality of real estate has really gone out the window over the past couple of years.  Realtor.com recently did a [...]

As you plan out your goals for the year, moving up to your dream home may top the list. But, how do you know when to make your move? You want to time it just right so you can get the most out of the sale of your current house. You also want to know you’re making a good investment when you buy your new home. What you may not realize is, [...]

When you think of homeownership, what’s the first thing that comes to mind? Chances are you might focus on the non-financial benefits, like the security or stability a home provides. But what about equity? While it can be overlooked, a homeowner’s equity helps build long-term wealth over time. Here’s a look at what equity is and why it [...]

Here's a look at the north of Boston real estate market specifically Middlesex and Essex counties and comparing November of 2021 to November of 2020. Overall it remains a strong seller's market even though last November we had low amounts of inventory. If you can believe it, we actually dropped close to 27% compared to last November. Despite less homes on the market, more homes sold, close to about 3% compared to last November.  Days on market are actually down about 10%.  Median sales prices are up close to 10.5%. So what's in store for 2022?  Well experts predict it will remain a strong seller's market. We may not see the appreciation like we did in the past but the market will definitely favor sellers.   Some experts are predicting interest rates may rise up to 4% by the end of 2022 and that may slow down appreciation some. But outside the great recession, as history shows us, home prices still appreciate even with rising interest rates. One reason for that is that rising interest rates are also tied to a healthy economy. For potential home buyers out there our advice is sooner is better than later. Rising interest rates and rising home prices could result in either a smaller house and or a larger monthly payment. For home sellers out there, if you are ready to go to the market but are simply waiting because it's wintertime I would suggest rethinking that plan if you are considering making a move in or out of the suburbs north of Boston give us a call at 617-275-3379.

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Andover, North Andover, North Reading, Reading, Stoneham and Wakefield

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We recently visited the furniture store Mak&Co. in downtown Andover and it was so beautiful inside we didn't want to leave!  Mak&Co. not only carries furniture but also offers design services for small or large projects.  Their design services range from complimentary room layouts & measuring to full scale interior design services.  They [...]