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Needham, MA Real Estate News

By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
Homeownership Builds Wealth and Offers Stability Tuesday November 10th, 2015 Down Payments, For Buyers   Real Estate with  Pat Baker Get in Touch Home  Language   Homeownership Builds Wealth and Offers Stability Tuesday November 10th, 2015 Down Payments, For Buyers Facebook Twitter LinkedIn Google+ Print The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are:   They want the opportunity to build equity. They want a stable and safe environment. Building Equity In a recent article, John Taylor, CEO of the National Community Reinvestment Coalition, explained that those who lack the opportunity to become homeowners have a weakened ability to reinvest their wealth...
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By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
Where Are Mortgage Rates Headed? This Winter? Next Year?   Real Estate with  Pat Baker Get in Touch Home  Language   Where Are Mortgage Rates Headed? This Winter? Next Year? Monday November 9th, 2015 For Buyers, Interest Rates Facebook Twitter LinkedIn Google+ Print The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year. Below is a chart created using Freddie Mac’s October 2015 U.S. Economic & Housing Marketing Outlook. As you can see interest rates are projected to increase steadily over the course of the next 12 months. How Will This Impact Your Mortgage Payment? Depending on the amoun...
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By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
Cut Costs Composting Posted by Pat Baker on 11/6/2015 Composting is becoming a more and more popular way to save money and be more eco-friendly. There are many reasons to compost but some of the most enticing are it costs next to nothing, and if you're a gardener or have any landscaping at all, your compost pile will save you money. Compost can be used instead of expensive fertilizer and because you are reusing your yard waste you might be able to save on municipal trash removal costs. Here are some easy tips on how to get started composting: Storage You may decide to go with either an open or closed storage system. Containers keep the compost materials neat and tidy and can be built inexpensively from discarded shipping pallets, fencing or chicken wire or leftover treated lumber from ...
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By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
Real Estate with  Pat Baker Get in Touch Home  Language   Homeownership is Still a Huge Part of the “American Dream” Monday November 2nd, 2015 First Time Home Buyers, For Buyers Facebook Twitter LinkedIn Google+ Print There have been some who have voiced doubt as to whether or not the younger generations still consider buying a home as being part of the “American Dream”. A study by Merrill Lynch puts that doubt to rest.   According to their research, every living generation still maintains that owning a home is in fact important. Here are the numbers: This should not surprise us as many studies have revealed the benefits enjoyed by the families who own their own home. One such study was done by the Joint Center of Housing Studies at Harvard University that addressed a major financial b...
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By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
The Difference An Hour Can Make [INFOGRAPHIC]   Real Estate with  Pat Baker Get in Touch Home  Language   Friday October 30th, 2015 For Buyers, For Sellers, Infographics Facebook Twitter LinkedIn Google+ Print Every Hour in the US Housing Market:  634 Homes Sell 347 Homes Regain Positive Equity Median Home Values Go Up $1.46 You might also enjoy reading... Equity Report [INFOGRAPHIC] NAR’S Latest Existing Home Sales Report [INFOGRAPHIC] Economic Impact of Every Home Sold [INFOGRAPHIC] Buying A Home Can Be SCARY… Until You Know The FACTS! [INFOGRAPHIC] Post navigation Picking a Real Estate Agent through Facebook Pat Baker     Key Advantage Realty Needham, MA (617) 435-3471 Experienced real estate agent intimately acquainted with the Needham, MA and the MetroWest area of Boston, MA. Spec...
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By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
Why You Should Hire A Professional When Buying A Home! Tuesday October 27th, 2015 First Time Home Buyers, For Buyers, Move-Up Buyers Real Estate with  Pat Baker Get in Touch Home  Language   Why You Should Hire A Professional When Buying A Home! Tuesday October 27th, 2015 First Time Home Buyers, For Buyers, Move-Up Buyers Facebook Twitter LinkedIn Google+ Print Many people wonder whether they should hire a real estate professional to assist them in buying their dream home or if they should first try to go it on their own. In today’s market: you need an experienced professional!   You Need an Expert Guide if you are Traveling a Dangerous Path The field of real estate is loaded with land mines. You need a true expert to guide you through the dangerous pitfalls that currently exist. Findi...
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By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
Home Equity: You May Have More Than You Think Wednesday October 7th, 2015 For Sellers, Move-Up Buyers   Real Estate with  Pat Baker Get in Touch Home  Language   Home Equity: You May Have More Than You Think Wednesday October 7th, 2015 For Sellers, Move-Up Buyers Facebook Twitter LinkedIn Google+ Print CoreLogic recently released their 2015 2nd Quarter Equity Report which revealed that 759,000 properties had regained equity in the last quarter. That means that 91% of all mortgaged properties (approximately 45.9 million) are now in a positive equity position. Anand Nallathambi, president and CEO of CoreLogic, reported:   “For much of the country, the negative equity epidemic is lifting. The biggest reason for this improvement has been the relentless rise in home prices over the past thr...
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By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
Applying For A Mortgage: Why So Much Paperwork? Real Estate with  Pat Baker Get in Touch Home  Language     Tuesday October 20th, 2015 First Time Home Buyers, For Buyers, Interest Rates Facebook Twitter LinkedIn Google+ Print We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form.   Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago. There are two very good reasons that the loan process is much more onerous on today’s buyer than perhaps any time in history. The government h...
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By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
Where Will Home Prices Be Next Year? [INFOGRAPHIC] Real Estate with  Pat Baker   Where Will Home Prices Be Next Year? [INFOGRAPHIC] Friday October 16th, 2015 For Buyers, For Sellers, Infographics, Pricing Facebook Twitter LinkedIn Google+ Print Some interesting facts: 25 states are forecasted to achieve higher levels of appreciation in the next 12 months than already achieved in the last year. 25 state and the District of Columbia are forecasted to experience a slow in appreciation. All 50 states & D.C. are forecasted to achieve some level of positive price appreciation. Even though each state is appreciating at different levels, you need to know the Cost of Waiting until next year to buy your dream home! You might also enjoy reading... NAR’S Latest Existing Home Sales Report [INFOGRAP...
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By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
Is it Time to Downsize your Home?   Real Estate with  Pat Baker Get in Touch Home  Language   Is it Time to Downsize your Home? Thursday October 1st, 2015 For Sellers, Move-Up Buyers Facebook Twitter LinkedIn Google+ Print A recent study by Edelman Berland revealed that of homeowners who are contemplating selling their house in the near future 33% plan to scale down. Let’s look at a few reasons why that would make sense to many Americans. In a recent blog post, Dave Ramsey, the financial guru, discussed the advantages of selling your current house and downsizing into a smaller home that better serves your current needs. Ramsey explains three potential financial advantages to downsizing: A smaller home means less space, but it also means less time, stress and money spent on upkeep Let’s...
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By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
 Credit Score Requirements LOWER As Interest Rates CREEP UP! [INFOGRAPHIC] Friday September 18th, 2015 For Buyers, Infographics, Interest Rates Facebook Twitter LinkedIn Google+ Print   Real Estate with  Pat Baker Get in Touch Home     Some Highlights: The average 30-year rate for all loans closed in August eclipsed 4.3% for the first time since October 2014. The average FICO score for all closed loans in August reached a new yearly low at 724 (the lowest since February 2014!) The average down payment of FHA loans closed was just 4%! You might also enjoy reading... Where will Mortgage Rates be Headed in 2015? Mortgage Rates Over The Last 40 Years [INFOGRAPHIC] Do I Need Perfect Credit to Buy a Home? [INFOGRAPHIC] Cost Across Time [INFOGRAPHIC] Post navigation Fannie Mae Introduces Home ...
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By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
    Flip Side - August Norfolk County RE Market Register O'Donnell Sees Positive Results for August Norfolk County Real Estate MarketReviewing the latest housing and financial data, Norfolk County Register of Deeds William P. O'Donnell believes there was some good news coming out of the Norfolk County real estate market for the month of August; which saw property transactions rise by nearly double digits."The total number of deeds recorded for the month of August increased 9% compared to August 2014. These numbers are confirmation of my strong belief that Norfolk County is a destination location for individuals and families to live and work. Reinforcing this belief is the 5% increase in total dollar volume of commercial and residential sales to $737 million," noted Register O'Donnell.O...
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By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
Thinking of Buying a Home? Ask Yourself These 3 Questions!Real Estate with  Pat Baker Get in Touch Home   Thinking of Buying a Home? Ask Yourself These 3 Questions! Thursday September 10th, 2015 First Time Home Buyers, For Buyers, Interest Rates, Pricing Facebook Twitter LinkedIn Google+ Print If you are debating purchasing a home right now, you are surely getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in real estate. Let’s look at whether or not now is actually a good time for you to buy a home. There are 3 questions you should ask before purchasing in today’s market: 1. Why am I buying a home in the first place? This truly is the most important question to answer....
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By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
    NAR’S Latest Existing Home Sales Report [INFOGRAPHIC] Friday August 28th, 2015 For Buyers, For Sellers, Infographics, Pricing   Real Estate with  Pat Baker Get in Touch Home Facebook Twitter LinkedIn Google+ Print   Some Highlights: Existing Home Sales are up 10.3% year-over-year across the country. Sales rose to an annual rate of 5.59 million marking the 10th month in a row of year-over-year gains Prices are up 5.6% year-over-year in the U.S. to a median price of $234,000 Marked the 41st consecutive month of year-over year price gains. You might also enjoy reading... Home Prices Up in 93% of Measurable Markets [INFOGRAPHIC] Home Values: Where Are They Headed Over The Next 5 Years? Foreclosure Inventory Hits Lowest Mark in Over 7 Years [INFOGRAPHIC] What You Need to Know About the ...
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By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
    Don’t Wait to Move Up to Your Dream Home! August 19, 2015 For Buyers, For Sellers, Interest Rates Real Estate with  Pat Baker   Get in Touch Home   Don’t Wait to Move Up to Your Dream Home! August 19, 2015 For Buyers, For Sellers, Interest Rates Facebook Twitter LinkedIn Google+ Print Now that the housing market has stabilized, more and more homeowners are considering moving up to their dream home. With interest rates still near 4% and home values on the rise, now may be a great time to make a move. Sellers should realize that waiting while mortgage rates are increasing probably doesn’t make sense. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain budget for your monthly housing costs. Here is a chart detailing this point: Wi...
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By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
  Where Are Mortgage Rates Headed? This Fall? Next Year?Real Estate with  Pat Baker Get in Touch   Where Are Mortgage Rates Headed? This Fall? Next Year? August 10, 2015 Featured, For Buyers, Interest Rates Facebook Twitter LinkedIn Google+ Print The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year. Below is a chart created using Freddie Mac’s July 2015 U.S. Economic & Housing Marketing Outlook. As you can see interest rates are projected to increase steadily over the course of the next 12 months. How Will This Impact Your Mortgage Payment? Depending on the amount of the loan that you s...
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By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
  Home Sales Will Remain Hot This Summer Real Estate with  Pat Baker Get in Touch   Home Sales Will Remain Hot This Summer July 22, 2015 For Buyers, For Sellers Facebook Twitter LinkedIn Google+ Print People always talk about the “spring buying season” when they talk real estate. However, this year it appears as though the summer real estate market will be just as hot. The most recent Foot Traffic Report released by the National Association of Realtors (NAR) revealed that there are more buyers out looking at homes right now than at any other time in the last two years including the past two springs (in orange below).   The Foot Traffic Report is compiled from data on the number of properties shown by Realtors. NAR further explains: “Foot traffic has a strong correlation with future cont...
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By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
 Homeownership: A Key to Well-Being in Retirement Real Estate with  Pat Baker Get in Touch   Homeownership: A Key to Well-Being in Retirement July 15, 2015 For Buyers Facebook Twitter LinkedIn Google+ Print There has been much talk about homeownership and whether it is a true vehicle for building wealth. A new report looks at the impact owning a home has on the financial wellbeing of people closing in on their retirement years (ages 55-64). In recently released study by the Hamilton Project, Ten Economic Facts about Financial Well-Being in Retirement, it was revealed that: 1. Middle-class households near retirement age have about as much wealth in their homes as they do in their retirement accounts. “Over the past quarter century the largest single source of wealth for all but the riche...
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By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
Needham MA New To Market $725000 Single-Family Needham, MA 02494$725,000  7 Rooms3 Beds  3 Baths Village Colonial being sold "as is." 105 foot frontage 12,793 square feet total. "Tear Down Option" Property and building to be to sold "as is". New kitchen on the first floor. Easy commute to Boston Route 95 & Route 9. Bus stop across the street. Contact the list agent for further details. Please give advance notice for showings after 12PM preferably.
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By Pat Laracy Baker, Pat Baker Dream Home Maker
(Realty Executives Boston West)
  What is a Housing Bubble? Is One Forming? Real Estate with  Pat Baker Get in Touch   What is a Housing Bubble? Is One Forming? July 7, 2015 For Buyers, For Sellers Facebook Twitter LinkedIn Google+ Print The recent talk of Greece and its financial challenges has some questioning whether the U.S. could also return to the crisis we experienced in 2008. Some are looking at the rise in real estate values and wondering whether we are in the middle of another housing price bubble. What actually is a price bubble? Here is the definition according to Jack M. Guttentag, Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania: “A price bubble is a rise in price based on the expectation that the price will rise. Sooner or later something happens to erode confidence ...
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