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Open Houses Labor Day weekend

August 31, 2019 · by Andrew Oliver · in Latest News

A small number of Open Houses. Remember to check tomorrow at 8 a.m. for an updated list for Sunday. (more…)

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Last New Listings before Labor Day

August 31, 2019 · by Andrew Oliver · in Latest News

Just a smattering of New Listings before Labor Day: (more…)

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Why aren’t mortgage rates even lower?

August 31, 2019 · by Andrew Oliver · in Market Reports, Mortgage and Finance News

That might sound like a strange question when the latest Freddie Mac 30-year Fixed Rate Mortgage (FRM) rate is 3.58%, down from 4.5% at the beginning of the year and nearly 5% last Thanksgiving. And at the end of last year most pundits were forecasting that the FRM would breach 5% in 2019. (more…)

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Open Houses Sunday August 25

August 25, 2019 · by Andrew Oliver · in Latest News

Here is the updated list of today’s Open Houses: (more…)

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The Obamas are better placed than General Waverly

August 25, 2019 · by Andrew Oliver · in Boston housing market, Luxury Property, Market Reports

Do you remember the scene in White Christmas when Bing Crosby goes on TV  to ask all men formerly under the command of General Waverly to come to the General’s Inn in Vermont? (more…)

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Do you know why the Chinese like doing business with you?

August 25, 2019 · by Andrew Oliver · in Market Reports, Mortgage and Finance News

That was the question put to me by a Chinese businessman in Malaysia many years ago.

“No,” I said, “I haven’t got a clue.” (more…)

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Open Houses weekend August 24/25

August 24, 2019 · by Andrew Oliver · in Latest News

Here are this weekend’s Open Houses. Sunday’s list will be updated at 8 a.m. tomorrow. (more…)

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Mortgage rates drop again

August 24, 2019 · by Andrew Oliver · in Mortgage and Finance News

Mortgage rates dropped again this week, as bond markets continued to reflect the slowing global economy and growing fear of a recession.

Mortgage rates

It seems scarcely believable that 9 months ago the 30 year Fixed Rate Mortgage (FRM) was almost 5% with widespread forecasts that it would rise further in 2019.

Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®

Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com

Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated

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Billion Dollar property sells for $100,000

August 24, 2019 · by Andrew Oliver · in Latest News

According to many reports, including this one Billion Dollar property from Business Insider, the 157-acre parcel of land in Beverly Hills previously listed for sale at $1 billion has sold for just $100,000.

Beverly Hills (more…)

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New Listings mid-week August 21

August 21, 2019 · by Andrew Oliver · in Latest News

Here are the most recent new listings:

New Listings
Click on the links below for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Lynn New Listings

Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®

Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com

Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated

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Open Houses Sunday August 18

August 18, 2019 · by Andrew Oliver · in Latest News

A big day for Open Houses with something for every buyer: SFHs from $6.2 million to $330,000, and Condos from $1.1 million to $255,000: (more…)

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Open Houses weekend August 17/18

August 17, 2019 · by Andrew Oliver · in Latest News, Market Reports

Here are this weekend’s open Houses. As always, check back tomorrow at 8 a.m. for an updated list for Sunday.
Open Houses

Click on the links below for details:
Marblehead Open Houses
Swampscott Open Houses
Salem Open Houses
Beverly Open Houses
Lynn Open Houses

Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®

Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com

Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated

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Former Celtic’s home for sale

August 17, 2019 · by Andrew Oliver · in Boston housing market, Market Reports

For only $1.7 million you can live in a house in Newton once owned by Celtics’ legend Larry Robert McHal Paul– ok none of the above, but how about Aron Baynes?
Um, not quite the same, but it looks like a nice house.
Here’s a link to Baynes’ townhouse  Newton townhouse.
Aron Baynes

Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®

Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com

Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated

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New Listings week ending August 16

August 17, 2019 · by Andrew Oliver · in Latest News

The latest new listings as the summer starts to wind down…..

Click on these links for details:
Marblehead New Listings
Swampscott New Listings
Salem New Listings
Beverly New Listings
Lynn New Listings

Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®

Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com

Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated

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FHA eases rules for condo mortgages

August 17, 2019 · by Andrew Oliver · in Latest News, National News

As of October 15, the Federal Housing Administration (FHA) will insure mortgages for selected condominium units in projects that are not currently approved.  An individual unit may be eligible for Single-Unit Approval under the following conditions:

  • The individual condominium unit is located in a completed project that is not approved;
  • For condominium projects with 10 or more units, no more than 10 percent of individual condo units can be FHA-insured; and projects with fewer than 10 units may have no more than two FHA-insured units.
  • FHA will require that approved condominium projects have a minimum of 50 percent of the units occupied by owners for most projects
  • FHA will require that the commercial/non-residential space within an approved condominium project not exceed 35 percent of the project’s total floor area

According to the FHA: “The vast majority (84 percent) of FHA-insured condo buyers have never owned a home before. While there are more than 150,000 condominium projects in the U.S., only 6.5 percent are approved to participate in FHA’s mortgage insurance programs.  As a result of FHA’s new policy, it is estimated that 20,000 to 60,000 condominium units could become eligible for FHA-insured financing annually.”

Andrew Oliver
Market Analyst | Team Harborside | teamharborside.com
REALTOR®

Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
m 617.834.8205
www.OliverReports.com
www.TeamHarborside.com
Andrew.Oliver@SothebysRealty.com

Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated

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Worth Reading

Which broker should I hire to sell my house?

Existing Home Sales Continue Improvement

A good overview:
The US Housing Market in August 2014

A primer on the political situation surrounding Fannie Mae and Freddie Mac, by Charles Schwab:
Reform of Housing Giants Remains in Limbo

Who was really to blame for the housing boom and bust?
Here's an interesting viewpoint.
The destructive dream of home ownership

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