40% of properties for sale have Open Houses today
It is a glorious, sunny and not too hot day on the North Shore and some 40% of the houses and condos on the market are holding Open Houses today at all price levels.
Source: andrewJoliver.com
The full list:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Read Which broker should I choose to sell my house?
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
Marblehead beach house Open Saturday
Are you thinking of downsizing and want to keep a house in Marblehead?
Do you spend winters in Florida and want to keep a manageable summer house in Marblehead?
Do you live in Boston and want a weekend house on the beach?
This Marblehead beach house is just perfect!
Open Houses Saturday and Sunday 12-2.
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Read Which broker should I choose to sell my house?
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
What Brexit means for the housing market
I am an Englishman and my daughter is a currency analyst in London so it has been an exciting few days in this family!
The immediate response to Brexit was the usual flight to safe havens – including the US dollar and US Treasuries. Since 30 year Fixed Rate Mortgages (FRM) are priced off the yield on the 10 year US Treasury, mortgage rates eased on Friday and are likely to continue at current low levels or go even lower.
I am written consistently over the last year that I have not understood the arguments that the Federal Reserve has been using to justify its intention of raising short-term interest rates (which affect things like credit card and auto loan rates, but not FRM rates), while pointing out that the Fed waited too long before raising rates last December and spent too much time telling the world its every thought on the matter.
In fact, the Fed’ s behaviour reminded me of that great line in The Good, the Bad and the Ugly, when Eli Wallach shoots the man who is explaining at length all he has gone through learning to shoot with his left hand: “When you have to shoot, shoot, don’t talk.”
So what now? The relevant factor for the housing market is that the vote by the UK to leave the EU should end any discussion about interest rates rising in the US. And however much the Fed claims to be apolitical, it is very unlikely it will raise interest rates as we get closer to the election in November. In fact, it is possible that following Brexit we will see moves to lower interest rates elsewhere and the pressure may build for the US to lower rates again. Thus, today’s very low mortgage rates are not going away any time soon.
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Read Which broker should I choose to sell my house?
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
New listings week of June 25
Here are this week’s new listings:
Source: andrewjoliver.com
Marblehead new listings
Swampscott new listings
salem new listings
Beverly new listings
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Read Which broker should I choose to sell my house?
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
Marblehead: Goldthwait Open Houses today
There are three Gallison Avenue Open Houses today in the much sought after Goldthwait area of Marblehead. 210 Atlantic and 4 Gallison are Open from 11:00 -1:00 and 46 Gallison, the beach house, from 12:00-2:00.
Here is a link to 46 Gallison (below) which includes a video:
Father’s Day Open Houses
Today it’s our turn, Dads. Let’s hope somebody buys us one of these to celebrate (more…)
Marblehead Open Houses today in Goldthwait area
There are three Gallison Avenue Open Houses today (and tomorrow) in the much sought after Goldthwait area of Marblehead.
Here is a link to 46 Gallison (below) which includes a video:
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Read Which broker should I choose to sell my house?
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
Mortgage rates drop again
As the yield on the 10 year US Treasury continues to drop, so do mortgage rates, which are now around 3.5% and very close to the all-time lows of 2013.
I last wrote on mortgage rates in May in a post Mortgage rates still headed lower and I post an extract from that article below. This week the Federal Reserve once again indicated less enthusiasm for raising short-term rates for a number of reasons. One the Fed did not mention – and neither did any commentator I read – is the impact the November Election is having on the economy.
It seems pretty obvious to me that the possibility of a giant step into the unknown and unpredictable must, at some point, have an impact on investment decisions, thereby causing some slowing in economic activity.
Why are the “experts” so wrong?
The FRM is based, not on short-term interest rates over which the Federal Reserve has influence, but on the yield on the 10 year US Treasury (10T), whose price is influenced by a number of factors, notably the anticipated strength of the economy, yields compared with other countries, and geopolitical developments around the world.
When the Fed increased short-term rates last December, the yield on the 10T was 2.25%. On Friday it closed at 1.6%, a drop of 0.65%. In the same period, the FRM has dropped just 0.4%.
The reason the Mortgage Bankers Association keeps getting the forecast for the FRM so wrong is that it keeps forecasting that the yield on the 10T is going to increase. Its latest FRM forecast – published in May – assumes a 10T yield of 2.2% by the end of 2016 and 2.9% by the end of 2017. These forecast rates have dropped from 2.7% and 3.3% just since January.
But it is not just the MBA that gets interest rates wrong. The Fed was so concerned about being “transparent” and explaining, ad nauseam, its thinking on interest rates in order not to “surprise” the market, that it missed the opportunity to raise rates when the US economy was strong and did so just as it became apparent that the continued weakness in the rest of the world was leading to lower interest rates elsewhere, not higher.
Interest rates have long been higher in the US than in most of the rest of the world, leading to demand for US Treasuries from overseas and causing the dollar to strengthen dramatically.
In my comment on the Fed’s increase in December I wrote: “If commodity prices remain weak, there will be a significant deflationary impact felt in several countries; China’s slowdown could continue to be a drag; and of course there is always the risk of a major war or confrontation. The US economy is doing quite well, but will not be immune to what is happening elsewhere in the world.”
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Read Which broker should I choose to sell my house?
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
New Listings this week
Here are this week’s new listings:
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listings
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Read Which broker should I choose to sell my house?
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
Open House bonanza June 12
A dry, sunny day is forecast, perfect for today’s Open House bonanza – there is something for everybody (more…)
Marblehead Unknown Oceanfront Open Houses
Between the entrance to Marblehead at Preston Beach and the turn to Marblehead Neck, there is a stretch of unknown oceanfront which contains 44 houses with Assessed values of $2 million or more.
Last year in an article Marblehead sale over $4 million – guess where? I wrote this:
“There are a lot of small streets that lead to the water and have 1 or 2 or maybe 3 or 4 houses sitting directly on the ocean at the end. And for the most part these houses sit on the rocky Atlantic coast and are high enough that flooding is not a concern, while many of them face South, have great views of Ram Island and down the coastline, and are well protected from the nor’easters that can impact more exposed areas.”
In 2014 I identified 29 houses with an AV of $2 million or more but now there are 44, as values are increasing in this area.
People who live in this area know its attractions, which may be why houses rarely come on the market.
Marblehead beach house video: Open House today
Watch this Marblehead beach house video and plan to visit the Open House today from 12:30 – 2:30.
And here are the details Marblehead beach house
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Read Which broker should I choose to sell my house?
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
This week’s new listings
Here are this week’s new listings:
Marblehead new listings
Swampscott new listings
Salem new listings
Beverly new listings
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Read Which broker should I choose to sell my house?
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
Marblehead Beach House – Open House 1-3
Just updated beach house 46 Gallison Avenue with jaw-dropping views from Marblehead Harbor to Plymouth.
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Read Which broker should I choose to sell my house?
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
Today’s Open House list
Last week’s Open houses were swamped with buyers. Here is today’s Open House list. Will one of these become your new home?
andrewjoliver.com
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
If you are considering selling your home please contact me on 617.834.8205 or Andrew.Oliver@SothebysRealty.com for a free market analysis and explanation of the outstanding marketing program I offer.
Read Which broker should I choose to sell my house?
If you are looking to buy, I will contact you immediately when a house that meets your needs is available. In this market you need to have somebody looking after your interests.
Andrew Oliver is a Realtor with Harborside Sotheby’s International Realty. Each Office Is Independently Owned and Operated
@OliverReports
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