By now you’ve probably heard that interest rates will soon be rising. The media reports simple sound bites such as, “Interest Rates Rise” which is of little help in understanding to which interest rates they are referring—credit card debt, student loan, small business loans or home loans?
Why are the Feds Raising Rates and What will […]
Are December Home Values Real? Can we trust what we hear?
Being REALTORS, we’re used to being asked “How’s the market?”, but never more than during holiday social events.
Real estate is the topic of conversation at a lot of social gatherings—we overhear conversations when we are out and about quite frequently. Usually it’s one person telling […]
Before the Super Bowl XLIV gets started we thought we’d take a look at what happened in Belmont in January 2010.
We’re including two spreadsheets—one for this last January and to help put in perspective, the one from last January.
Most statistics across the country point to January of 2009 as the low point for the real […]
It’s official. Belmont’s median home price dropped 9.4% last year from $920,000 in 2009 to $833,827 in 2009.
(click on the graph to enlarge)
There’s not much good news in the way of these numbers which would hint that the market is improving anytime soon with the exception of the “months of inventory†(*see below).
There seems […]
August turned out to be a respectable month for Belmont sales with at 16 it was just one sale shy of last year.
DOM
You might notice a few oddities in the Days on Market stat. First, our MLS did away with Original Days on market vs. Days on Market as they felt it was simply […]
It’s easy to see the numbers for June are much better for sellers than they were in May. Almost all indicators are up signaling a stronger market for sellers in June as compared to last month (click on the chart to see a full size version).
Looking at the same period over last year a […]
The housing market is in a state of flux so we spent added time this month helping you understand the numbers and our local Belmont market:
(Click on the report for a size you can read)
Understanding the Belmont’s October 2008 housing market takes a lot more than listening to the numbers being bantered about without […]
