Western Massachusetts Real Estate and Community News

March 14, 2019

ACCEPTED OFFER! - 53 Saint Anthony St., Chicopee, MA

Maria did it AGAIN! So excited to announce this Lovely Home has an Accepted Offer in just 9 DAYS! Are you or anyone you know looking to Buy or Sell? We have the expertise to get your home SEEN & SOLD!💥Call Maria today! (413)218-2358🗝

#AcceptedOffer #Chicopee #BrendaCuocoAndAssociates #TheATeam#SellingHomesLikeABoss

Get a free home value estimate today! 
https://www.wmasshomebuyer.com/cma/property-valuation/

 

 

 

March 14, 2019

COMING SOON! - 27 Porter Lake Drive, Longmeadow, MA

🌟COMING SOON!🌟

A Fabulous value awaits you! This Sun-Drenched Cape home offers an open floor plan concept! 

Call Brenda Cuoco today for more details and to make this one yours! 📞 (413)333-7776

March 13, 2019

OPEN HOUSE!- 41 Potash Hill Rd., Hampden- 3/17, 11-12:30pm

🌟OPEN HOUSE- Sunday, March 17th, 11:00-12:30pm 🌟 Looking for Country living at it’s best? Zero in on this Charming Gambrel offering 7 rms, 3 bdrms & 1.5 bths! This property is privately nestled off the road and features a remodeled eat in kitchen. Join Shannon Lemonde at the Open House this Sunday, March 17th from 11:00-12:30pm and make this one yours! Call Shannon for more details at (413)519-3928 📞 hashtagOpenHouse hashtagHampden hashtagTheATeam hashtagSellingHomesLikeABoss hashtagBrendaCuocoAndAssociates Get a free home value estimate today! https://www.wmasshomebuyer.com/cma/property-valuation/

 

 

March 13, 2019

4 REASONS TO BUY A HOME IN THE SPRING?

4 REASONS TO BUY A HOME IN THE SPRING

4 Reasons to Buy a Home in the Spring

Spring has sprung, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 4.4% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.6% over the next year.

Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate mortgage came in at 4.41% last week. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison, projecting rates will increase by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You Are Paying a Mortgage

Some renters have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move On with Your Life

The cost of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Examine the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, greater safety for your family, or you just want to have control over renovations, now could be the time to buy.

Bottom Line

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

 

Call Brenda Cuoco & Associates today to get started! (413)333-7776

 

source: http://www.keepingcurrentmatters.com/2019/03/11/4-reasons-to-buy-a-home-in-the-spring/?utm_campaign=Blog_Promo&utm_medium=email&utm_source=email-automated&utm_content=DailyBlogSubscription&utm_term=BlogPost

March 11, 2019

SOLD!- 162 Hampden St., Chicopee

Maria did it AGAIN! So excited to announce this Fantastic Home is SOLD! Are you or anyone you know looking to Buy or Sell? We have the expertise to get your home SEEN & SOLD!💥 Call Maria today! (413)218-2358🗝

#Sold #Chicopee #BrendaCuocoAndAssociates #TheATeam#SellingHomesLikeABoss

Get a free home value estimate today! 
https://www.wmasshomebuyer.com/cma/property-valuation/

 

March 11, 2019

UNDER AGREEMET!- 1045 Circle Dr., Palmer, MA

Brenda did it AGAIN! We are thrilled to announce this Beautiful Ranch is Under Agreement! Are you or anyone you know looking to Buy or Sell? We have the expertise to get your home SEEN & SOLD!💥 Call Brenda today! (413)333-7776🏠🗝 

#UnderAgreement #Palmer#BrendaCuocoAndAssociates #TheATeam#SellingHomesLikeABoss #Touchdown 

Get a free home value estimate today! 
https://www.wmasshomebuyer.com/cma/property-valuation/

 

March 11, 2019

2 REPORTS THAT SAY NOW IS A GREAT TIME TO SELL

2 REPORTS THAT SAY NOW IS A GREAT TIME TO SELL

2 Reports That Say Now Is a Great Time to Sell

The inventory of homes for sale has increased on a year-over-year basis for eight months in a row. Home price appreciation has continued to grow, although at a slower rate. The homeownership rate has reached heights last seen in 2014, with millennials and Generation X leading the way!

Let’s dive a little deeper into some of the recent reports that have been released and what they mean for the spring buying season!

1. National Association of Realtor’s Existing Home Sales Report

Sales of existing homes were down for the third consecutive month in January. Some of this can be explained by the natural seasonality that the real estate market experiences every year, and some can be explained even further by a lack of homes available for sale on the market.

Inventory

For the last eight months, the inventory of homes for sale has been higher when compared to the same month the year before. The challenge in the market is the mismatch of the type of home that is available for sale. First-time homebuyers looking for a starter home are often competing with other buyers to stand out, often outbidding each other.

Lawrence Yun, NAR’s Chief Economist, agrees that the market is still experiencing an inventory shortage.

“In particular, the lower end of the market is experiencing a greater shortage, and more home construction is needed.”

Home Prices

The median home price for homes sold in January was $247,500. This is up 2.8% from January 2018 and marks the 83rd consecutive month of year-over-year gains. The 2.8% growth in home prices represents the smallest year-over-year change since February 2012 but is a welcome change for buyers who had feared being priced out of the market.

Days on the Market

Properties that sold in January were on the market for an average of 49 days with 38% of homes on the market for less than a month.

Yun is positive about how today’s market conditions will help buyers this spring,

 “Existing home sales in January were weak compared to historical norms; however, they are likely to have reached a cyclical low. Moderating home prices combined with gains in household income will boost housing affordability, bringing more buyers to the market in the coming months.”

2. NAR’s Pending Home Sales Report

The national Pending Home Sales Index (PHSI) rose 4.6% to 103.2 in January from 98.7 in December. An index score of 100 is considered normal. All four major regions of the country experienced gains in January, with the largest increase coming in the South.

 “The PHSI is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.”

Increases in the PHSI often predict increases in the level of home sales in the coming months, which is great news for the housing market leading in to spring! Yun had this to say,

“Homebuyers are now returning and taking advantage of lower interest rates, while a boost in inventory is also providing more choices for consumers.”

Bottom Line

The housing market in 2019 will require homeowners to list their house at the right price to attract buyers. If interest rates continue to stay low while wages increase, and more inventory comes to market, 2019 could be one of the best years for home sales in recent history.

 

Call Brenda Cuoco & Associates today to get started! (413)333-7776

 

source: http://www.keepingcurrentmatters.com/2019/03/06/2-reports-that-say-now-is-a-great-time-to-sell/?utm_campaign=Blog_Promo&utm_medium=email&utm_source=email-automated&utm_content=DailyBlogSubscription&utm_term=BlogPost

March 8, 2019

JUST SOLD!- 2 Longview Road, Wilbraham, MA

Kathleen did it AGAIN! So excited to announce this adorable home is SOLD! Are you or anyone you know looking to Buy or Sell? We have the expertise to get your home SEEN & SOLD!💥 Call Kathleen today! (413)433-0290🏠

#Sold #Wilbraham #BrendaCuocoAndAssociates #TheATeam#SellingHomesLikeABoss #WesternMA

 

 

March 8, 2019

HOME PRICES UP 5.73% ACROSS THE COUNTRY!?

HOME PRICES UP 5.73% ACROSS THE COUNTRY!

Home Prices Up 5.73% Across the Country! [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
  • In the report, home prices are compared both regionally and by state.
  • Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!

Contact Brenda Cuoco & Associates today for all your real estate needs! (413)333-7776

 

source: http://www.keepingcurrentmatters.com/2019/03/01/home-prices-up-5-73-across-the-country-infographic-2/?utm_campaign=Blog_Promo&utm_medium=email&utm_source=email-automated&utm_content=DailyBlogSubscription&utm_term=BlogPost

March 6, 2019

OPEN HOUSE-1045 Circle Dr., Palmer, MA- 3/9- 12-1:30pm

🌟OPEN HOUSE-Saturday, March 9th, 12:00-1:30pm 🌟
Welcome Home to this Beautifully Remodeled Ranch! This home is Adorable on the inside & offers some great privacy & a nice backyard area! 

Join Shannon Lemonde at the Open House this Saturday, March 9th from 12:00-1:30pm. Call Shannon today for more details! (413)519-3928📞