Blog :: 02-2020

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!

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