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February Home Sales Down Slightly in Massachusetts
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FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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February Home Sales Down Slightly in Massachusetts
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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February Home Sales Down Slightly in Massachusetts

April 2, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums in Massachusetts fell slightly in February but were well above the previous year’s levels while prices for both detached homes and condos also fell during the month according to the latest data from the Massachusetts Association of Realtors®.

An estimated total of 3,110 existing homes and condos were sold in the Bay State in February. That was 3.5 percent lower than the 3,222 homes sold in January but 25.2 percent higher than the 2,484 homes sold in February 2011.

Trisha McCarthy, President of MAR, stated “The big increase in the number of closings in February is another sign that qualified buyers are taking advantage of market conditions to purchase homes. Positive news about the economy and jobs has been a big reason why activity has increased. People are feeling like they are now in a better position to buy a home.”

Sales of detached single-family homes accounted for 2,276 of the total sales in February, down 4.6 percent from 2,385 sales in January but 26.8 percent higher than the 1,795 detached homes sold in February of 2011.

It was the eighth consecutive month that sales of detached single-family homes outperformed the previous year’s sales total.

The median sales price for a detached single-family home in February was $255,000, which was 3.8 percent lower than the sales price of $265,000 posted in both the previous month of January and in February of last year.

Condominium sales accounted for 834 of the total sales in February, virtually unchanged from the 837 sales in January and 21.0 percent higher than the 689 condos sold in February of 2011.

The median sales price for a condo in February was $222,500, which was 10.2 percent lower than the sales price of $247,750 in January and 2.8 percent lower than the sales price of $229,000 for a condo in February of last year.

The number of detached single-family homes available for sale in February declined 5.3 percent compared to last year, falling from 26,571 listings to 25,152 listings, which left a 7.5 months supply of homes on the market, down from an 8.0 months supply a year ago. Detached single-family homes typically took an average of 130 days to sell in February, about the same as last year.

Listings for condos fell 16.3 percent in February, from 10,501 in February of last year to 8,790 listings this year. That left a 6.6 months supply available for sale, down from a 7.9 months supply a year ago. Condos typically took an average of 124 days to sell in February compared to an average of 130 days in February of last year.

Tags: existing homes, condos, sales, median home prices, Massachusetts

Source:
Massachusetts Association of Realtors®

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
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April 2, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums in Massachusetts fell slightly in February but were well above the previous year’s levels while prices for both detached homes and condos also fell during the month according to the latest data from the Massachusetts Association of Realtors®.

An estimated total of 3,110 existing homes and condos were sold in the Bay State in February. That was 3.5 percent lower than the 3,222 homes sold in January but 25.2 percent higher than the 2,484 homes sold in February 2011.

Trisha McCarthy, President of MAR, stated “The big increase in the number of closings in February is another sign that qualified buyers are taking advantage of market conditions to purchase homes. Positive news about the economy and jobs has been a big reason why activity has increased. People are feeling like they are now in a better position to buy a home.”

Sales of detached single-family homes accounted for 2,276 of the total sales in February, down 4.6 percent from 2,385 sales in January but 26.8 percent higher than the 1,795 detached homes sold in February of 2011.

It was the eighth consecutive month that sales of detached single-family homes outperformed the previous year’s sales total.

The median sales price for a detached single-family home in February was $255,000, which was 3.8 percent lower than the sales price of $265,000 posted in both the previous month of January and in February of last year.

Condominium sales accounted for 834 of the total sales in February, virtually unchanged from the 837 sales in January and 21.0 percent higher than the 689 condos sold in February of 2011.

The median sales price for a condo in February was $222,500, which was 10.2 percent lower than the sales price of $247,750 in January and 2.8 percent lower than the sales price of $229,000 for a condo in February of last year.

The number of detached single-family homes available for sale in February declined 5.3 percent compared to last year, falling from 26,571 listings to 25,152 listings, which left a 7.5 months supply of homes on the market, down from an 8.0 months supply a year ago. Detached single-family homes typically took an average of 130 days to sell in February, about the same as last year.

Listings for condos fell 16.3 percent in February, from 10,501 in February of last year to 8,790 listings this year. That left a 6.6 months supply available for sale, down from a 7.9 months supply a year ago. Condos typically took an average of 124 days to sell in February compared to an average of 130 days in February of last year.

Tags: existing homes, condos, sales, median home prices, Massachusetts

Source:
Massachusetts Association of Realtors®

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

April 2, 2012 (Shirley Allen)

Monthly sales of existing single-family homes and condominiums in Massachusetts fell slightly in February but were well above the previous year’s levels while prices for both detached homes and condos also fell during the month according to the latest data from the Massachusetts Association of Realtors®.

An estimated total of 3,110 existing homes and condos were sold in the Bay State in February. That was 3.5 percent lower than the 3,222 homes sold in January but 25.2 percent higher than the 2,484 homes sold in February 2011.

Trisha McCarthy, President of MAR, stated “The big increase in the number of closings in February is another sign that qualified buyers are taking advantage of market conditions to purchase homes. Positive news about the economy and jobs has been a big reason why activity has increased. People are feeling like they are now in a better position to buy a home.”

Sales of detached single-family homes accounted for 2,276 of the total sales in February, down 4.6 percent from 2,385 sales in January but 26.8 percent higher than the 1,795 detached homes sold in February of 2011.

It was the eighth consecutive month that sales of detached single-family homes outperformed the previous year’s sales total.

The median sales price for a detached single-family home in February was $255,000, which was 3.8 percent lower than the sales price of $265,000 posted in both the previous month of January and in February of last year.

Condominium sales accounted for 834 of the total sales in February, virtually unchanged from the 837 sales in January and 21.0 percent higher than the 689 condos sold in February of 2011.

The median sales price for a condo in February was $222,500, which was 10.2 percent lower than the sales price of $247,750 in January and 2.8 percent lower than the sales price of $229,000 for a condo in February of last year.

The number of detached single-family homes available for sale in February declined 5.3 percent compared to last year, falling from 26,571 listings to 25,152 listings, which left a 7.5 months supply of homes on the market, down from an 8.0 months supply a year ago. Detached single-family homes typically took an average of 130 days to sell in February, about the same as last year.

Listings for condos fell 16.3 percent in February, from 10,501 in February of last year to 8,790 listings this year. That left a 6.6 months supply available for sale, down from a 7.9 months supply a year ago. Condos typically took an average of 124 days to sell in February compared to an average of 130 days in February of last year.

Tags: existing homes, condos, sales, median home prices, Massachusetts

Source:
Massachusetts Association of Realtors®

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS