Certified Forensic Loan Auditors, LLC

 
  Upcoming Classes

Search CFLA's Article Archive:

More Homes, Lower Interest Rates May Boost Buyers This Winter

  

boston.com | November 28, 2014 

By Scott Van Voorhis

On the hunt for a house and looking for a steal as 2014 comes to a close? You may be in luck this holiday season.

The combination of a rising number of homes on the market with low interest rates heading even lower will boost buyers looking for deals in Greater Boston, notes Alex Coon, market manager for brokerage firm Redfin’s Boston office.

The weeks between Thanksgiving and Christmas have long provided an opportunity for determined buyers to snag a bargain, as home sellers are realizing the holiday season is their last best chance before the spring to cut a deal.

But this holiday season, Boston area buyers will have a wider choice of homes than usual, with a 22 percent increase in the number of homes on the market compared to last year, according to Redfin’s latest market survey.

“I think it is a great opportunity when you have lots of properties and low rates and what is basically a buyers’ market,” Coon said. “It does create this little pocket here, particularly over the next five weeks.”

Of course, it all depends on where you are house hunting, with perpetually red hot markets like Newton and Cambridge still starved for inventory, he notes.

But outlying suburbs, whether it’s closer-in towns like Dedham and Medford or farther out burbs like Franklin or Marlborough, are likely to have more homes for sale during the holidays this year.

In some cases, the relative abundance of listings may even give buyers some leverage to negotiate a lower price, Coon said.

Mortgage rates will also provide an extra boost to buyers house hunting during the final weeks of the year.

Rates are already hovering near historic lows, with a 30-year, fixed rate mortgage now averaging 3.97 percent, down from 4.29 percent a year ago, Freddie Mac reports.

But they are likely to edge lower over the winter as lenders seek to stir demand during the quieter real estate months of late fall and winter, according to Coon.

The one wild card for both buyers and sellers as November turns into December will be the weather and whether or not the Thanksgiving Eve snow sticks around or melts away.

Once the snow starts sticking around, sales start to fall off, with both buyers and sellers losing appetite for shoveling walkways before open houses, or getting to them, Coon said.

“If the snow stays on the ground, the market goes down,” he said.

 

Back to November 2014 Archive

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

SEE BELOW- http://www.certifiedforensicloanauditors.com

Call us toll free at 888-758-2352

Bookmark and Share
spacer
Facebook Like us on Facebook
Twitter Follow us on Twitter
YouTube View our YouTube Videos
LinkedIn Connect to us on Linkedin
 
BBB Logo

 

spacer
Contact us or view our Sample Documents & Audits by completing the form below.

  • Reload
  • Should be Empty:




 

DVD Sets Only $99

 

FREE Mortgage Fraud Analysis

 

Order Cutting-Edge Services Now

 

Quiet Title Packages from Licensed Attorneys

 

Affiliate Services

 

CFLA Sponsored Attorney Links

 

Take-Home Education Package