Massachusetts Market Update Brought to you by the North Shore Association of Realtors®

Property Transfers in Ipswich, MA 1/1/19-5/8/19

Single Family Sales – Ipswich MA

Address                                                           Bdrms,  Full Bath, Half Bath  List Price         Sale price

52           Bunker Hill Rd                                    3              1              0              595000.00            [...]

This just may be one of the best quotes I've read in my 33 years of being in real estate... “Just because you know a realtor doesn’t mean they’ll do the right job for you,’’ Presti said. “They may not be working full time in the business or have the right experience for selling the type of property you want to sell or they may not be [...]

New Short-Term Rental Laws in Massachusetts Q&A

Massachusetts adopted a new law taxing and regulating the short-term rental market. The following information should help Realtors® navigate the short-term rental market under these new laws and regulations. For additional information, see the Department of Revenue's FAQ page.  

What does this new law [...]

"The Fed had been raising interest rates slowly for two years, but the strong numbers suggested it might keep doing so — and at a faster rate than before. Fed Chairman Jerome Powell added to those fears in October with comments suggesting more hikes were [...]

Thinking about buying or selling? Either way, unless your next step is renting, you will want to read this...

Mortgage rates are at their highest levels in 4+ years and there's potential for further increases this year. The National Association of REALTORS® shared a relatable example of what this could mean for the average mortagee: On a $300,000 house with a 30-year fixed-rate mortgage and 20 percent down payment, the difference between a 4 percent and 5 percent mortgage rate is $142 a month. Calculated over the life of the loan, that is more than an extra $51,000. Read the full article here.

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