August closings were another example of buyers reacting to the market and the ongoing concern of rising interest rates in the spring and early summer.
August 2013 Greater Boston Real Estate Market Trends Report
- By Joe Schutt
- Posted
August closings were another example of buyers reacting to the market and the ongoing concern of rising interest rates in the spring and early summer.

Some buyers are waiting to see if interest rates will come back down before making a decision about buying a home. Though no one can guarantee where rates will be in a few months, we dont believe waiting is a good strategy.
Joe discusses what he sees going on in the metro Boston real estate market these past few weeks and he touches the potential risks of FSBOmb-ing in today's hot sellers' market.

No matter where I go, people always ask me two questions, "How's the market?" and "Is now the right time to buy a home?" My answers are always the same not because I'm being a salesmen, but because I'm telling the truth when I say, "Great, interested buyers are buying and sellers are selling."
When it comes to a home loan, the interest rate is a very important factor.It can make all the difference between being able to afford the home of your dreams and having to settle for something less.
Of the many different types of home loans out there, interest only loans are one of the more unusual types. Although they are not much in use any more, you may still run into the option. You should know what they are all about before you even consider one.
When you buy a home, the mortgage payment isnt the only regular expense you will have to consider. You will also be responsible for paying for your homeowners insurance policy as well as the property taxes on your new home.
For first time buyers, the amount of money that is needed to seal the deal can often come as a bit of a shock. Known as the closing costs of the deal, this amount of money involves a number of different factors that can add up to several thousand dollars out of pocket for the buyer.
For first time buyers, the mortgage loan process can seem complex and confusing. On top of everything else, you need to figure out interest rates, loan terms, fixed versus adjustable rate mortgages, and more.
In your house hunting you may have come across a mention of FHA loans. FHA stands for Federal Housing Authority, and the loans available through this program are designed to help people qualify for loans and purchase homes more easily.