Navigating Housing During Hardship and Uncertainty

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If you’ve been feeling uneasy (and maybe a little queasy) about making big financial decisions lately, you’re not alone. With ongoing uncertainty in the economy and shifting policies from the new administration, many Americans are thinking twice before locking in major expenses. This is especially true when buying a home.

Tariffs and Rising Home Prices

One major factor causing hesitation in the housing market is the ripple effect of new tariffs, especially those on raw materials. Higher costs for essentials like lumber and steel directly impact new home construction, driving up prices and reducing supply. This means buyers are not only contending with interest rates but also with a market where homes may cost more than expected.

Caution Doesn’t Mean Inaction

It’s important to remember that uncertainty doesn’t mean paralysis. In fact, it’s still a good time to buy, provided you do so safely and wisely. The key? Having the right team around you.

Too often, homebuyers try to go it alone, especially when it comes to shopping mortgage rates. They chase the lowest rate they can find online, without realizing that the best deal on paper may not be the best fit for their actual financial picture.

It’s About More Than the Rate

Your mortgage isn’t just about the rate. It’s about terms, fees, flexibility and how well the loan aligns with your income streams. You have to consider salary, bonuses, commissions, or variable self-employed income.

That’s why working with a qualified mortgage broker like me, along with a trusted real estate agent and an experienced financial advisor is so critical. We help you look beyond the rate and into the full scope of your unique financial reality.

Build a Team That Knows Your Strategy

When your team understands the nuances of your financial picture, they can help you make decisions that won’t keep you up at night — decisions that hold up even in a shaky economy.

Think of it this way: navigating the current housing market is like sailing in unpredictable waters. You need an experienced crew, a good map, and a realistic destination. That doesn’t mean you don’t set sail—it just means you prepare before you get going.

A Smart Move in a Shifting Market

Despite the volatility, the housing market still holds opportunity. Rates are still affordable, and homeownership continues to be one of the best long-term investments you can make. If buying a home is part of your broader financial strategy, don’t let uncertainty scare you off. Just make sure you’re moving forward fully informed with a support system that knows how to steer the ship. (OK, I promise I’m out of sailing metaphors!)

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Ready to buy a new home or refinance the one you own? Please get in touch and I’ll be happy to answer your questions and help guide you through the process. I look forward to speaking with you.

Spring Is Finally Here!

And with it comes a sense of renewal, energy and (hopefully) some sunshine between April showers. It’s the season for planting gardens, tackling spring cleaning projects, and cheering on the Red Sox (who are looking pretty good this year for a change).

In this issue, we’re talking about navigating the housing market in uncertain times. While the weather may be warming up, the economy is still throwing a few curveballs.

Our April Home Improver offers a quick guide to growing tomatoes for all you green thumbs (or aspiring ones).

As always, we’re here to help you make smart, informed decisions, whether you’re planting a garden, buying a home, or both.

Let’s make the most of the season ahead!

Home Improver: Getting Started Growing Tomatoes

Tomatoes are a spring/summer favorite for Massachusetts gardeners, but timing and variety are the keys to a successful harvest. Because our last frost typically falls between late April and mid-May, it’s best to start tomato seeds indoors in late March or early April. If you’d rather skip the seed-starting process, buying seedlings or starters from a local nursery in May is a reliable way to go.

Once the danger of frost has passed, usually after Mother’s Day, you can transplant your tomatoes outdoors. Choose a spot with full sun and well-drained soil, and don’t forget to harden off your plants by gradually introducing them to outdoor conditions over 7–10 days.

For Massachusetts gardens, some of the best tomato varieties include:

  • Early Girl: dependable and quick to mature
  • Celebrity: disease-resistant and great for slicing
  • Sungold: sweet, orange cherry tomatoes that thrive in short seasons
  • Brandywine: pictured above, a classic heirloom with rich flavor (requires more space and time)

Tomatoes love warmth, so wait for soil temps to hit at least 60°F before transplanting. Give them plenty of support with cages or stakes, water consistently at the base, and enjoy fresh, homegrown tomatoes from mid-summer through early fall.

Mortgage Rates Have Dropped Below 7%—How You Could Actually Pay More for Your Home

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For the first time this year, mortgage rates have dipped below 7%, and are now sitting at 6.75%. While this may sound like a great opportunity to save, the reality is that low housing inventory is keeping prices high. Even as rates fluctuate, the cost of available homes continues to climb.

Why Waiting Could Cost You More

Many buyers hold off on purchasing in hope for even lower interest rates. But here’s the catch: home prices are still rising. If you wait for rates to drop further, you could still end up paying more for the same house. Even with a slightly better rate, a more expensive home could mean a higher monthly payment overall.

The Power of Buying Now

In a previous newsletter we talked about the phrase, “You date the rate, but marry the house.” This means your mortgage rate isn’t forever—you can always refinance when the time is right. But the price you pay for a home today locks in your cost before prices climb even higher.

Here’s why taking action now can be a smart financial move:

  • Start building equity sooner – Every mortgage payment helps you own more of your home, rather than paying rent with nothing to show for it.
  • Secure your home at today’s price – Even if rates decrease, rising home prices could offset those savings. Buying now gets you in the market before homes become even less affordable.
  • Refinancing is always an option – If rates go down significantly, you can refinance to take advantage of lower payments in the future.

Let’s Talk About Your Options

If you’re thinking about buying a home, the best move is to understand your financing options now. Let’s meet and discuss what’s possible for you. Debbie can help you find the right mortgage solution so you can move forward with confidence.

Call Debbie today to get started!

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Ready to buy a new home or refinance the one you own? Please get in touch and I’ll be happy to answer your questions and help guide you through the process. I look forward to speaking with you.

What’s In a Word?

We New Englanders may have just survived the “dead of winter,” but did you know that the word “mortgage” literally means “death pledge”?

While it sounds ominous, the term comes from Old French and Latin roots. “Mort” meaning death and “gage” meaning pledge or commitment.

It originally referred to a loan that “died” once it was fully paid off or foreclosed.

Thankfully, modern homeownership isn’t nearly as grim. Instead of a lifelong burden, a mortgage is an investment—a path to building equity, stability, and financial growth.

Now as the snow melts and spring markets heat up, it may be time to embrace a mortgage for what it truly is: a long-term commitment to something worth holding onto.

Home Improver: What Are Silverfish and How Do We Get Rid of Them?

If you’ve ever flicked on a light and spotted a shiny, fast-moving, wriggling insect darting across the floor, chances are you’ve encountered a silverfish. These prehistoric pests have been creeping around for over 400 million years—and unfortunately, they don’t mind making themselves at home in yours.

What Are Silverfish?

Silverfish are small, wingless insects with slender, teardrop-shaped bodies covered in silvery scales. They move with a distinctive, wiggling motion—almost like a fish swimming—hence the name. (You didn’t really think they were fish, did you? Fine, maybe we did too.) Typically, they measure around ½ to ¾ of an inch long, with long antennae and three bristle-like appendages sticking out of their tails, making them look even more unsettling.

Why Are They So Gross?

Let’s be honest—silverfish aren’t just pests, they’re nightmare fuel. Their metallic sheen, eerie movements and tendency to scurry out of dark corners make them a deeply unwelcome sight in any home. And because they thrive in damp, dark places, you’re most likely to find them in bathrooms, basements, closets and attics—often lurking in bookshelves, pantries, or even your favorite old photo albums.

How Do You Get Rid of Silverfish?

Let’s face it. Silverfish are survivors, and they can live for years while feasting on everything from paper and glue to clothing and food crumbs. The good news? There are several effective ways to get rid of them:

  1. Reduce Humidity: Silverfish love moisture, so use a dehumidifier in damp areas like basements, bathrooms, and laundry rooms. Fix any leaky pipes or faucets to cut off their water supply.
  2. Declutter & Seal Up Food Sources: These pests feed on starches, including books, wallpaper glue, cardboard, flour, and even sugar. Store food in airtight containers, vacuum regularly, and avoid leaving piles of paper or cardboard boxes sitting around.
  3. Use Natural Repellents: Diatomaceous earth (DE) is a natural powder that kills silverfish by dehydrating them. Sprinkle it along baseboards, in cabinets, or in other problem areas. Cedar shavings, cinnamon, and citrus peels can also deter them.
  4. Set Traps: Sticky traps work well for capturing silverfish. You can also make a DIY trap using a jar with a starchy bait (like flour or cereal) and wrap the outside in tape. They’ll crawl in but won’t be able to climb back out.
  5. Call Pest Control If It’s Bad: If you’re dealing with a full-blown infestation, professional exterminators can help eliminate silverfish for good.

Good Riddance

Once you’ve gotten rid of silverfish, prevent their return by keeping your home dry, clutter-free and well-sealed. Store books, documents, and seasonal clothing in plastic bins instead of cardboard. Vacuum regularly to remove crumbs and dust that might attract them.

How Might Trump Affect Housing Prices?

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The new administration is moving quickly to introduce changes in Washington, with President Trump signing a number of executive orders that could have a major impact. One of these orders focuses on making housing more affordable—an issue many Americans have been hoping for. However, the order did not provide many details on how this goal will be achieved beyond mentioning that government regulations contribute to construction costs. Experts believe the administration could reduce or remove certain energy efficiency rules for housing, which could help lower building expenses.

The administration has also appointed new leaders for important housing agencies, but so far, it hasn’t outlined a clear long-term strategy for addressing housing and mortgage concerns. While there is hope that future measures will prioritize home affordability, the specifics of these actions remain uncertain. Some experts warn that other executive orders, like stricter immigration policies, could create challenges by reducing the labor supply for construction, which might increase costs for builders and limit potential savings.

The president has also expressed interest in lowering interest rates to boost economic activity. However, on Wednesday, the Federal Reserve decided to pause its rate-cutting campaign, holding rates steady at a range of 4.25% to 4.5%. The Fed cited ongoing uncertainty related to inflation and the president’s policies on trade and immigration.

Officials indicated they plan to take a “patient” approach, waiting for more data on the economy, inflation and the impact of policy changes before making further decisions. While inflation has eased, concerns remain about how tariffs on imports and changes to immigration policy could affect consumer prices and economic stability.

Industry experts are watching closely to see how regulatory changes, labor costs and potential shifts in interest rates will play out in the coming months. While there is optimism that some measures will ease housing challenges, the housing and financial markets are in a wait-and-see mode, navigating uncertainty as new policies take shape.

And, of course, this takes us back to last month’s article about the futility of waiting for the right moment.

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Ready to buy a new home or refinance the one you own? Please get in touch and I’ll be happy to answer your questions and help guide you through the process. I look forward to speaking with you.

Nation Library Lover’s Month

Libraries have evolved with the times. They’ve become trusted community hubs offering knowledge, connection, and opportunity.

During National Library Lovers’ Month, we celebrate their role in empowering individuals and strengthening communities. Here’s why.

  1. Access for All: Libraries break down barriers by offering free access to books, technology, and information for anyone—regardless of income or background. Did you know you can use your library card to download free audiobooks with the Libby app?
  2. A Gateway to Lifelong Learning: From children’s story hours to adult literacy programs and online research databases, libraries cater to learning at all ages.
  3. Community Connection: Most libraries host local events, book clubs and job search workshops.

Let’s give our local libraries the recognition they deserve in February and throughout the year!

Home Improver: Top 3 Best Uses for Baking Soda

We all know by now that baking soda is a magical ingredient that goes far beyond baking. It’s a household superhero with endless practical uses. Here are three of the best ways to put this natural, budget-friendly product to work around your home:

  • Deodorize and Freshen Spaces: Sprinkle baking soda in your fridge, trash cans, or shoes to neutralize odors. Its odor-absorbing power works wonders in keeping spaces smelling fresh without artificial scents.
  • Natural Cleaning Power: Create a paste with water to scrub sinks, tubs, and countertops. It’s gentle on surfaces but tough on grime and stains, making it a safer alternative to harsh chemicals.
  • Unclog and Freshen Drains: Pour half a cup of baking soda followed by vinegar down the drain. Let it bubble for 15-20 minutes, then rinse with hot water. This combo breaks down clogs and keeps drains odor-free.

With baking soda in your pantry, you’ve got an eco-friendly solution on hand to tackle many of your home’s little challenges!

FICO® Scores and Credit Ratings: What They Mean for Your Mortgage

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When it comes to your credit, it’s important to understand the difference between credit bureau ratings and FICO scores—two critical components in determining your mortgage eligibility. While they’re related, they serve different purposes and are calculated differently.

  • Credit Bureau Ratings: These come from the three major credit bureaus—Equifax, Experian, and TransUnion—which collect and maintain your credit history. They don’t assign a specific “rating” themselves but provide the raw data (like payment history, balances, and account age) that lenders and scoring models use.
  • FICO Scores: FICO stands for Fair Isaac Corporation. These are specific credit scores calculated using your credit data from the bureaus. FICO uses its proprietary algorithm to evaluate your creditworthiness on a scale of 300 to 850, with higher scores indicating lower credit risk.

While credit bureau reports summarize your financial activity, FICO scores are what lenders typically rely on to assess risk and determine mortgage terms.

FICO Score Versions: What You Need to Know

FICO scores come in multiple versions, including FICO 8, FICO 9, FICO 10, and FICO 10T:

  • FICO 8: Most widely used, focusing on credit card utilization and ignoring small collection accounts under $100.
  • FICO 9: Adds improvements like reduced impact of medical debt and factoring in rental history (if reported).
  • FICO 10/10T: Introduced in 2020, with FICO 10T analyzing “trended data” over 24 months to assess long-term credit behavior.

Note: Mortgage lenders often rely on older FICO models, like FICO 2, 4, or 5, specific to each credit bureau.

FICO Score Ranges and What They Mean

FICO defines its score ranges as follows:

  • 300–579: Poor
  • 580–669: Fair
  • 670–739: Good
  • 740–799: Very Good
  • 800–850: Exceptional

Lenders pull reports from all three bureaus, and your FICO score determines how attractive your loan terms will be. Scores in the good range (670–739) qualify for most mortgages, while very good (740–799) and exceptional (800–850) scores unlock the best rates and terms.

Why It Matters

Understanding the distinction between credit bureau data and FICO scores is crucial for preparing your mortgage application. A strong FICO score based on reliable bureau data can save you thousands of dollars in interest over the life of a loan. To improve your score, pay bills on time, keep balances low, and monitor your credit reports for errors.

Credit Card Score Services and Free Credit Reports

Many people monitor their credit scores using free services like Credit Karma, which provide access to your credit data and scores based on the VantageScore model. While these tools are helpful for tracking changes in your credit and identifying potential issues, they may not use the FICO scoring model, which is the one most mortgage lenders rely on.

Additionally, under federal law, you are entitled to one free credit report annually from each of the three major credit bureaus—Equifax, Experian and TransUnion—through AnnualCreditReport.com. This report does not include your FICO score but provides a detailed look at your credit history to help you spot inaccuracies or signs of fraud.

If you want to access your FICO score, some banks and credit card issuers offer it for free to their customers, or you can purchase it directly from FICO’s website. There is a free option but it is limited to only one bureau.

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Ready to buy a new home or refinance the one you own? Please get in touch and I’ll be happy to answer your questions and help guide you through the process. I look forward to speaking with you.

Happy Thanksgiving

As Thanksgiving approaches, it’s the perfect time to pause and reflect on the things that bring warmth and meaning to our lives.

  • Gratitude isn’t just about the big milestones, although they are certainly worth celebrating.
  • Thanksgiving is also in the small, everyday moments we sometimes take for granted: a kind word, a shared laugh or the simple comfort of being with those we care about most.
  • Let this season be a reminder to cherish what we have, appreciate those around us, and carry a spirit of thankfulness into every day.

Wishing you and your loved ones a warm and joyful Thanksgiving!

Home Improver: 5 Ways to Fix Drafty Doors and Windows Without Spending a Fortune

Drafty doors and windows can make your home chilly and drive up energy bills. But you don’t need to break the bank to solve this problem. Here are five affordable and effective ways to keep the cold air out:

  1. Weather Stripping: Apply adhesive weather-stripping tape around door and window frames. This simple solution seals gaps and stops drafts, making your home more energy-efficient.
  2. Draft Stoppers: Use draft stoppers or “door snakes” at the base of doors to block cold air from creeping in. You can even make your own using fabric tubes filled with rice or sand.
  3. Window Film Kits: Install insulating window film kits for a quick fix. These films create a barrier against drafts and are easy to apply with a hair dryer.
  4. Thermal Curtains or Drapes: Hang thick, insulated curtains or drapes over windows to block drafts and keep the warmth inside. They’re a stylish and functional way to improve energy efficiency.
  5. Rope Caulk: Seal small gaps in older windows with rope caulk, pictured above. It’s pliable, easy to apply, and can be removed without damage once the weather warms up.

With these simple and cost-effective methods, you can stay cozy while cutting down on energy costs. A few small changes can make a big difference!

How Our Next President Could Impact the Housing Market

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The 2024 presidential election could affect mortgage rates and the housing market through new policy approaches. Even though the Federal Reserve remains the primary influence on interest rates, our next president’s economic and housing strategies could have an impact on housing supply, regulations and affordability.

This has been a stressful election cycle for many, so we’ll leave the names out and focus on what could help or hinder homebuyers in 2025.

If the Democratic candidate wins: Housing initiatives would likely focus on affordability and supply, with a commitment to build three million new homes over four years. This approach aims to alleviate housing shortages and address affordability concerns. Additional down payment assistance programs may also encourage homebuying. However, stimulating demand without fully addressing supply constraints could keep home prices elevated in the short term, particularly if construction timelines are delayed.

If the Republican candidate wins: Deregulation may be prioritized to encourage housing development and reduce construction costs. Policies might include easing restrictions on land use and incentivizing builders to increase housing stock, which may relieve supply issues more directly. Potential changes to government-backed mortgage entities, such as Fannie Mae and Freddie Mac, might also impact lending terms, depending on shifts in oversight. While this approach seeks to promote market-driven solutions, the implications for affordable housing programs could vary based on broader economic conditions​.

Remember to cast your vote! In addition to the presidential election, Massachusetts also has an important senate race and ballot questions to be voted on. Early voting is open throughout the state, including this weekend.

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Ready to buy a new home or refinance the one you own? Please get in touch and I’ll be happy to answer your questions and help guide you through the process. I look forward to speaking with you.

Halloween & Election Day

This year, we get a double feature: Halloween treats today, followed just five days later by Election Day.

As you’re carving pumpkins and handing out candy, it’s also a perfect time to consider what changes could be on the horizon for mortgage rates and housing.

Just as Halloween brings surprises, the days ahead may hold a few twists for homeowners and buyers alike.

Keep the spirit lighthearted and the stress to a minimum. Both Halloween and election season promise to keep things interesting!

Home Improver: Last-Minute Halloween Decoration Ideas

If Halloween has crept up on you, don’t worry—there’s still time to transform your home today with some easy, last-minute ideas to make your home trick-or-treater-friendly.

Switch to Orange Light Bulbs

A simple way to make your house look hauntingly festive is to replace your outdoor lights with orange bulbs. Orange lighting casts a warm yet eerie glow that’s perfect for Halloween night, creating instant atmosphere without much effort. Swap out the bulbs on your porch or in landscape fixtures, or even add a couple of string lights around doorways to illuminate your entryway.

Hanging Spiderwebs and Creepy Cloth

Nothing says Halloween like cobwebs and creepy cloth! Pick up a few bags of stretchy spiderweb material or black gauze cloth from any craft or dollar store, and drape them over bushes, railings, and doorways for a look that’s creepy yet welcoming. For an added touch, throw in a few plastic spiders or bats in the webbing or cloth to amp up the scare factor. This decoration is quick, simple, and can be as extensive or minimal as you want.

DIY Ghost Lanterns

This takes a little effort if you have the time. Create spooky lanterns using everyday items like empty jars. Clean out the containers, then paint or tape on simple ghost faces. Place LED candles or battery-operated lights inside to give them a glowing effect. Line them up along your porch steps or windowsills for an extra bit of ghostly charm.

There’s no need to be the unfun Halloween house on your street today. Grab some supplies, set up your space and get ready to show off your spooky holiday atmosphere without much hassle.

The New Era of Buying and Selling Real Estate — And How It Affects You

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The National Association of Realtors® (NAR) has reached a historic settlement that could transform the home sales market in the U.S. This agreement, which includes $418 million in damages, does away with the standard 5%-6% real estate agent commission.

Here’s why this change is significant:

A Buyer’s and Seller’s Market for Commissions

In accordance with the settlement, sellers are not obligated to cover the buyer’s agent commission. This could lead to a change in contingencies for both buyers and sellers.

For example, the seller might want to make a commission offer to the buyer’s agent; or, the seller might ask the agent to lower their commission if the price is over a certain amount. So while this could be a good thing for buyers and sellers in the long run, the changes could leave more room for advanced negotiation tactics.

In addition, agents must inform their clients that commissions are negotiable. These changes go into effect on August 17, 2024.

Market Shift and Strategic Moves

This shift promises to be one of the most significant in recent housing market history. Lower commission rates could potentially lead to a decrease in home prices, further altering the buying and selling dynamics. For home sellers considering listing soon, waiting for the new commission models to become established might be a prudent strategy. Alternatively, aggressive negotiation with your real estate agent could lead to immediate savings.

Work with Your Real Estate Dream Team

In this evolving market, having a solid real estate team is more important than ever. Collaborate with your favorite mortgage broker and a trusted closing attorney to navigate the new market conditions effectively. We can offer essential guidance and support, ensuring a smoother, more cost-effective transaction process.

The NAR settlement signifies a new era for real estate, offering cost savings and a wider range of options for both buyers and sellers. As the market adjusts, remaining informed and consulting with your support team will be your key to real estate success.

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Ready to buy a new home or refinance the one you own? Please get in touch and I’ll be happy to answer your questions and help guide you through the process. I look forward to speaking with you.

New Year’s Resolution Recommitment Day

New Year’s Resolution Recommitment Day, observed on June 1st, serves as a reminder that the year is almost halfway through.

This day encourages us to revisit and recommit to the resolutions we set at the start of the year (if we did at all).

As the initial excitement of the New Year wanes, so does the momentum to maintain resolutions, whether they be related to fitness, personal development, or professional goals.

New Year’s Resolution Recommitment Day is a perfect opportunity to evaluate progress, reassess goals, and perhaps redefine the strategies needed to achieve them.

This mid-year check-in can significantly boost your motivation, providing a 6-month sprint to achieve what was originally envisioned, making the second half of the year as productive, if not more, than the first.

Let’s have a productive second half of 2024, whether you make resolutions or not.

Home Improver: Do HEPA Filters Reduce Pollen Allergies?

Now that spring cleaning is over and it’s warming up outside you may have been hesitant to open your windows because of the high pollen counts that come at this time of year.

One way to enjoy a late spring/early summer breeze without sneezing and wheezing is to use a HEPA air purifier. According to WebMD: “HEPA stands for High-Efficiency Particulate Air. A HEPA filter is a type of mechanical air filter; it works by forcing air through a fine mesh that traps harmful particles such as pollen, pet dander, dust mites, and tobacco smoke.”

Choosing the right air purifier takes a little research. The prices range from portables under $100 to large-room units over $500, depending on the size of your space.

Check out this article from Wirecutter/NY Times to see which brands and models they recommend.

If Not Buying Now, Then When?

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I get it. The journey toward homeownership can feel overwhelming. It’s a process led largely by the heart. Let’s be honest: Most times, 98% of the process is driven by emotion, and 2% by the math. The balance between feelings and financials is what turns waiting and dreaming into buying and living.

I know many of you have been cautiously waiting on the sidelines, watching market trends with the hope that housing prices will decline. That hasn’t happened except for a brief moment in 2008. History has shown us that these moments are not only rare but often fleeting. Since that brief dip over a decade ago, the market has shown resilience and strength. People invest in real estate for the appreciation.

Consider this: while waiting for the perfect moment, you might be missing out on the perfect home. For 16 years, the sidelines have been crowded with watchers waiting for signs and shifts that never materialize as expected. So I ask: when will you jump into the game?

Waiting for the right time (is there such a thing in a volatile market?) can often lead to missing the right home. As you think about stepping off the sidelines and heading into the action, remember: every moment is the right moment if you have all the facts and your ready to start your search for a great home.

Let’s turn your dreams into reality by taking those first steps together and discuss your mortgage and your plans your new home. I’m more than happy to have a phone or video chat to get the ball rolling.

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Ready to buy a new home or refinance the one you own? Please get in touch and I’ll be happy to answer your questions and help guide you through the process. I look forward to speaking with you.

National Teacher Appreciation Day

This year on May 7th, we celebrate National Teacher Day, a day dedicated to recognizing the incredible impact teachers have on our lives.

But how can we truly thank these amazing individuals? Here are a few ideas:

  1. Replenish Classroom Supplies: Teachers often purchase essential supplies out of their own pockets. A box of crayons or construction paper might seem small, but it’s a thoughtful gesture.
  2. The Power of Words: Write a heartfelt card or letter to your child’s teacher. Expressing your gratitude for their commitment and highlighting their positive influence can make a world of difference.
  3. Ask Them What They Need Most: You may be surprised at the answers. Some may need volunteer help. Others may need socks or coats for their students.

You’ve got more than a week to plan. What small gesture can you make to thank a teacher?

Home Improver: Homemade Chemical-Free Bug Spray

Earth Day was this past Monday and lately I’ve been focusing on becoming less dependent on chemicals at home. I know many of you have expressed this eco-conscious sentiment to me over the years.

To start, why not create a chemical-free bug spray by using safe ingredients you may have in house right now? Here’s a recipe that’s safe to use around kids and pets, assuming they aren’t allergic to these ingredients:

  • 1 gallon of water
  • 2 tablespoons of mild liquid soap – helps the solution adhere to surfaces
  • 1 tablespoon of white vinegar – deters insects and acts as a disinfectant
  • 10-15 drops of peppermint essential oil – known to repel mosquitoes and other flying insects
  • 10-15 drops of lavender essential oil – effective against many flying insects, including flies and mosquitoes
  • 1 lemon, juiced – unappealing to most flying insects

Instructions:

  1. Combine all ingredients in a large container.
  2. Mix thoroughly to ensure all components blend well.
  3. Pour the solution into a spray bottle.
  4. Spray around windows, doors, and other entry or gathering points throughout your home.

Here’s to a year of fewer chemicals — and fewer bugs — in your home!

2024 Housing Predictions in an Election Year

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We don’t need a crystal ball to know the Massachusetts housing market is very much a seller’s market these days, thanks to high demand, low inventory, and rising prices. A report from The Warren Group confirms this trend, with both single-family and condo prices reaching new highs in January 2024. While this may seem daunting, it’s important to keep in mind that the housing market is cyclical, and these trends will eventually shift.

Election Year Factors and Potential Shifts

In an election year like 2024, external factors could influence the housing market. While elections rarely have a direct impact on the housing market, we do know that economic directives by elected officials could potentially influence interest rates, as we have seen in 2023. The economy has been a hot topic among virtually all candidates at all levels of government, so it’s natural to expect campaign promises from the candidates as we inch toward November 5th.

Predicting the Future

Predicting the exact trajectory of the market can be challenging, but let’s break out the tarot cards and tea leaves and give it a try. While 2024 might see continued price growth, the rate of increase is projected to slow down compared to last year.

With our glasses half full, we’ll cautiously predict a gradual increase in available inventory, which should ease some of the current pressure on buyers and keep bidding wars in check.

Expert Guidance

Navigating a competitive market requires thoughtful strategies and expert guidance. I am dedicated to helping you achieve your goal of owning a home. I can also connect you with experienced real estate professionals who understand the local market and can help you find the right home. Let’s talk!

Get in Touch

I am dedicated to finding you a mortgage that fits your budget and works for your unique situation. Call me at 617-965-1236 to get started.

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Ready to buy a new home or refinance the one you own? Please get in touch and I’ll be happy to answer your questions and help guide you through the process. I look forward to speaking with you.

Leap Year

Happy Leap Day! 2024 is a leap year, which adds an extra day, February 29, to the calendar every four years.

This adjustment is necessary to keep our calendar in alignment with the Earth’s revolutions. It takes about 365.24 days to complete one orbit around the Sun. By adding an extra day every four years, we compensate for this discrepancy.

Leap Year Trivia:

  1. Every year divisible by 4 is typically a leap year unless it is a century year (ending in 00). Century years must be divisible by 400 to be leap years. Therefore, 2000 was a leap year, but 1900 was not.
  2. The chance of being born on February 29 is 1 in 1,461.
  3. The Summer Olympics and U.S. presidential elections are held in leap years.
  4. The concept of leap years dates back to the time of Julius Caesar in 45 BCE, with the introduction of the Julian calendar.

Home Improver: Pre-Spring-Cleaning Checklist

We are in for a warmup starting this weekend. Spring is only a few short weeks away. But before you begin your annual Spring Cleaning ritual, here’s a checklist of things to prepare in your home before the big scrub.

Indoor Refresh

  • HVAC Tune-up: Schedule a check-up for your heating and air conditioning system. Improve efficiency and prevent breakdowns as the weather turns warmer.
  • Change Air Filters: Replace those dusty filters for cleaner air and better airflow.
  • Inspect Your Roof and Gutters: Look for missing shingles, damaged chimney flashing, and gutter clogs left behind from winter storms.
  • Check for Foundation Issues: Take a walk around your home and look for any developing cracks.

Yard and Garden Revival

  • Tend to the Lawn: Aerate and reseed if needed; start applying pre-emergent weed control.
  • Prune and Prep: Cut back dead branches on shrubs and trees, and prep your garden beds for planting.
  • Choose Your Blooms: Decide on spring flowers and start mapping out your garden design.

Bonus Tip: Don’t forget to check your smoke and carbon monoxide detectors to ensure they’re in good working order.

Massachusetts Out-Migration: What It Means for 2024 Housing

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According to the 2023 National Movers Study by United Van Lines, Massachusetts ranked seventh on the list of the “Most Moved-From States” last year. This is called “out-migration,” when a significant number of people leave a geographic area within a country. The reverse is “in-migration” (not “immigration,” which refers to moving to a new country.)

The Exodus Isn’t New

The study found that 7% of customer moves in Massachusetts were outbound. This figure is consistent with the previous year’s data, indicating a continuing trend.

Why Are They Leaving?

The reasons for departing Massachusetts are varied. According to the survey:

  • 28% moved out because they found new jobs in other states.
  • Just over 19% left for family reasons.
  • 18% said they were retiring elsewhere.
  • 16% departed due to “lifestyle changes.”

Here’s a surprise: Massachusetts, and especially the Boston area, are known for a high cost of living. Yet only 2% of those surveyed said they were moving due to rising costs.

Where Are They Going?

While Massachusetts saw a high percentage of outbound moves, other New England states are attracting new residents. Vermont was the top “inbound” state for the third-straight year, with over 65% of all moves being inbound. Those headed to Vermont cited family, lifestyle, and job reasons for their move.

Rhode Island was fifth on the inbound state list, with 45% surveyed saying a new job attracted them to the state. The other states seeing the most inbound moves for 2023 were Arkansas (4th), South Carolina (3rd), and Washington, D.C. (2nd).

How Are Home Sales Affected?

It would appear that with more people leaving the state than entering it, there would be more available inventory in 2024. This is not necessarily the case when you consider that many of those heading to new states are renters. In addition, homeowners are hesitant to sell now after having bought or refinanced at historic lows during the pandemic years.

No one knows how the market will play out in the coming months, but last Friday, Massachusetts lawmakers committed to working on solutions to this growing concern.

Get in Touch

I am dedicated to finding you a mortgage that fits your budget and works for your unique situation. Call me at 617-965-1236 to get started.

* * * * *

Ready to buy a new home or refinance the one you own? Please get in touch and I’ll be happy to answer your questions and help guide you through the process. I look forward to speaking with you.

Groundhog Day

On Friday, will the groundhog see his shadow? I hope not! It would be nice to have an early spring for a change!

But wait. How accurately has Punxsutawney Phil, the most famous groundhog, fared in his predictions?

Records dating back to the 1880s show that Phil and his predecessors aren’t the most reliable. In fact, all the groundhogs who have played Phil over the years have combined for a 39% accuracy rate.

So have fun with the tradition, but know that the groundhog has a worse chance of being correct than having you flip a coin. He is very cute, though.

Home Improver: Regulating Humidity Levels in Winter

Ah, the dreaded dead of winter. It’s freezing outside, you threw your back out shoveling heavy snow, and your skin is so dry it’s cracking. We can’t do much about the first two winter-related issues, but let’s talk about that dry skin. You house may be too dry and needs to be humidified to add moisture to the air. Investing in a humidifier may be your best bet, but here are some DIY alternatives.

  1. Ventilation: Proper ventilation is crucial, especially in areas like the kitchen and bathroom where moisture levels can rise quickly. Use exhaust fans to help remove excess humidity.
  2. Air Leaks: Seal air leaks around doors, windows, and other openings to prevent cold, dry air from entering and warm, moist air from escaping.
  3. Indoor Plants: Some indoor plants can naturally increase humidity levels through a process known as transpiration.
  4. Use of Water Basins: Placing water basins near heating sources can help evaporate water into the air, slightly increasing humidity levels.
  5. Monitor Humidity Levels: Use a hygrometer to keep track of your home’s humidity levels. This will help you adjust your methods as needed to maintain the ideal range of 40%-60%. In this range, you’re safe from dry skin but also safe from mold and bacteria, which form when a house is too humid.
  6. Air Drying Laundry: Hanging laundry to dry indoors can increase humidity levels. This is a natural and energy-efficient method, though it should be used sparingly in smaller spaces to avoid excessive moisture.

Good luck, stay warm, and grab some hand lotion and lip balm at your local drug store!

Has the American Dream Changed? How Generational Attitudes Influence Homebuyers

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Back in May, we talked about which generations were buying the most homes — and it became one of our most popular articles to date. We thought we’d give another breakdown by generation, this time to see how mortgage rates and attitudes have influenced homebuying practices. The way that different generations view the need for home ownership has changed over time, and mortgage rates have played a significant role. This article was inspired by this recent piece in the Boston Globe.

Baby Boomers (born 1946-1964) came of age during a time of economic prosperity and low interest rates. As a result, many Baby Boomers were able to buy homes at a young age. Home ownership was seen as a sign of financial success and stability.

In the 1980s, mortgage rates soared to record highs. This made it more difficult for Baby Boomers to buy homes, but many were still able to do so because they had already saved for a down payment and had strong credit scores. Homes were considerably cheaper back then, so the exorbitant rates of 18% didn’t necessarily hinder sales.

Generation X (born 1965-1980) came of age during a time of economic recession and rising interest rates. As a result, many Generation Xers were unable to buy homes as easily as Baby Boomers. Home ownership was still seen as a desirable goal, but it was not as attainable for many people.

In the 1990s, mortgage rates began to fall. This made it easier for Generation Xers to buy homes, but many were still hesitant to do so because they were worried about the possibility of another recession.

Millennials (born 1981-1996) are the first generation to come of age in the digital age. They have faced a number of challenges, including student debt, stagnant wages, and rising housing costs. As a result, many Millennials are delaying home ownership or choosing to rent instead.

In recent years, mortgage rates have fallen to historic lows. This has made it more affordable for Millennials to buy homes, but many are still hesitant to do so because they are worried about the possibility of another housing bubble.

Gen Z (born 1997-2012) is the most diverse generation in American history. They are also the most tech-savvy generation. Gen Z is still coming of age, so it is too early to say how they will view the need for home ownership. However, it is likely that they will be influenced by the experiences of Millennials.

The Need for a Holistic Approach

The decision of whether or not to buy a home is a personal one. There are many factors to consider, including your financial situation, your lifestyle, and your long-term goals. Mortgage rates are just one of the factors to consider.

If you are thinking about buying a home, it is important to do your research and understand the market. You should also talk to a financial advisor and a real estate professional to get personalized advice. Let’s look at the full picture and its impact on your future to decide what makes the most sense for you.

Let’s Talk

I am dedicated to finding you a mortgage that fits your budget and works for your unique situation. Call me at 617-965-1236 to get started.

* * * * *

Ready to buy a new home or refinance the one you own? Please get in touch and I’ll be happy to answer your questions and help guide you through the process. I look forward to speaking with you.

September Fun

Feeling like summer’s over and you didn’t have enough fun with friends and family? Here are some events and activities you can attend in September:

  1. Davis Mega Farm Festival and Corn Maze. So much to do and see. Perfect for a family outing. (Sterling, MA)
  2. The Big E is the ninth largest fair in North America. Enjoy the sights, sounds and taste tempting aromas of the fall season. (West Springfield, MA)
  3. The Lawn on D is a playground for adults (though kids are welcome), complete with LED swings, pickleball, live music, food and beverages. (Boston)
  4. Whale-Watching Catamaran Cruise. Have a guided tour on the open water to see nature at its finest, with up-close views of whales and dolphins. (Boston)

Home Improver: Get Creative with Welcome Mats

Welcome mats are a great way to add personality and style to your home’s entryway. But why settle for a boring, generic mat when you can get creative? Here are a few ideas for making your welcome mat unique and eye-catching:

  • Choose a unique material. Traditional welcome mats are made from coir, but there are many other materials to choose from, such as rubber, acrylic, or even bamboo. Each material has its own unique look and feel, so take some time to explore your options and find one that fits your style.
  • Add a personal touch. Consider personalizing your welcome mat with your name, initials, or a special message. You can also have a photo of your family or pet printed on the mat.
  • Get creative with the design. There are endless possibilities when it comes to designing a welcome mat. You can choose from a variety of shapes, sizes, and colors. You can also add patterns, graphics, or even quotes.
  • Go for humor. If you have a good sense of humor, a funny welcome mat can be a great way to add a touch of personality to your home. Just be sure to choose a mat that is appropriate for your guests.

No matter what your style or budget, there is a creative welcome mat out there that is perfect for you. So take some time to explore your options and find the perfect mat to greet your guests.