• November 2014 Housing Report

    The New England housing market experienced a seasonal year-over-year sales decrease of -8.0% and a month-over-month sales decrease of -25.4%.

    Pending sales were up 5.8% over November 2013, while month-over-month figures declined -20.4% over October 2014.

    Across New England, median prices rose year-over-year in every state except Maine, which was down -1.0%. Month-over-month, prices held steady, increasing 0.5% on average.

    “We expect to see home sales trailing off in the fourth quarter as we get into these cold winter months,” said Dan Breault, EVP/Regional Director of RE/MAX of New England. “The good news is that prices are holding steady across the region and homes are staying on the market fewer days than a year ago.” Housing Report - November Social Image

    Read the full report here.

    November 2014 Housing Report
  • November 2014 Top 25 Reports

    Top-100.squareThe November 2014 Top Associate and Broker/Owner Reports are available! Use the links below to access the reports.

    November 2014 Top 25 Reports
  • Welcome New RE/MAX Associates

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    Please join RE/MAX of New England in welcoming the following Associates:

    • Eva Best - RE/MAX Compass, Westfield, MA
    • Tanya Bailey - RE/MAX Destinations, St Albans, VT
    • Pete Knipfing – RE/MAX Destiny, Cambridge, MA
    • Nicole Ball - RE/MAX Hills & Harbors Realty, Machias, ME
    • Janis Annese – RE/MAX On The River, Middleton, MA
    • Lana Drew - RE/MAX River’s Edge, East Providence, RI
    Welcome New RE/MAX Associates
  • Rent Increases Expected to Continue through 2015

    BuyorRentsqCNBC’s Diana Olick recently reported that rents in the residential housing sector continued to rise in 2014. She interviewed Jed Kolko, Chief Economist at Trulia, who revealed:
    “Rents are rising because of strong demand that supply hasn’t kept up with. Nearly all the new households are renters, and young people moving out of their parents’ homes will keep fueling rental demand.”

    Where are rents headed in 2015?

    The question now is where rents will be heading over the next twelve months. In a press release last week, Zillow chief economist Dr. Stan Humphries predicted residential rental prices will continue to climb in 2015:
    “Home value appreciation will continue to cool down, from roughly 6 percent now to around 2.5 percent by the end of 2015. But rents will see no such slowdown, and will continue to grow around 3.5 percent annually throughout 2015. As renters’ costs keep going up, I expect the allure of fixed mortgage payments and a more stable housing market will entice many more otherwise content renters into the housing market.”

    However, those potential buyers must make a decision quickly because, as Kolko explains:
    “Paying more on rent makes it harder for would-be homebuyers to save for a down payment.”

    Bottom Line

    Ryan Severino, a senior economist at Reis, in Olick’s article stated the obvious:
     “Landlords should still be able to push asking rent increases on to their tenants.”

    If you are thinking about buying a home in 2015 instead of continuing to rent, it probably makes sense.

    Rent Increases Expected to Continue through 2015
  • Welcome New RE/MAX Associates!

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    Please join RE/MAX of New England in welcoming the following Associates to RE/MAX:

    • Kateri Duffey - RE/MAX Heritage, Westport, CT
    • Mark Danoski – RE/MAX Northern Edge Realty, Berlin, NH
    • Michael Munroe – RE/MAX on the River, Amesbury, MA
    • Kirk Parent – RE/MAX Partners, Chelmsford, MA
    • Kenneth Spatola – RE/MAX Partners, Andover, MA
    • Sylvia Little - RE/MAX Realty Group, Gales Ferry, CT
    Welcome New RE/MAX Associates!