MGS Group

Nov. 17, 2023

Market Update Week of 11/17/2023

Listen closely, and you will hear a sigh of relief. Look closely, and you will see a big smile on the faces of those who follow the economy. Retail sales slowed and inflation is cooling overall, just what the Federal Reserve aimed to do. If the economy resets, the ...

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Posted in MGS Group
Nov. 9, 2023

Market Update Week of 11/09/2023

Don't buy your primary home thinking it's a money-maker! High prices coupled with lofty mortgage rates plus closing costs make this market the least affordable and hardest to break into in decades. That means it will take you longer than in the past to recoup those costs ...

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Posted in MGS Group
Oct. 20, 2023

Market Update Week of 10/20/2023

We are at a 23 year high right now! I am talking about interest rates this week that surged to nearly 8%. This seems to satisfy the federal reserve for now which indicated it will show restraint at its next meeting and hold steady without an increase. Hopefully a ...

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Posted in MGS Group
Oct. 7, 2023

Market Update Week of 10/07/2023

There have been some notable price reductions this week, but what caught my attention most was the number of properties that went under agreement in the last few weeks. A stunning amount of homes now have signed contracts, far outpacing the new listings being introduced in those same weeks ...

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Posted in MGS Group
Sept. 22, 2023

Market Update Week of 09/22/2023

Is it slow out there? Depends on who you ask!

 

Some properties which are picture perfect and check off lots of boxes are still at the center of bidding wars. It happened again in Wellesley and Needham last week with a handful of homes priced under $2M! These ...

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Posted in MGS Group
Sept. 8, 2023

Market Update Week of 09/08/2023

There's an energy force around us in the fall that's unmistakable each year. A feeling of moving away from some things such as lazy summer days, warmer temperatures and outdoor activities, while simultaneously this is the perfect time for new starts and second chances.

Come Labor Day agents are ...

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Posted in MGS Group
Aug. 25, 2023

Market Update Week of 08/25/2023

The national headlines reflect precisely what's happening in the real estate world here. 

 

  • Inventory is historically low around the country.
  • Mortgage rates are just over 7%.
  • These two factors make it tough on buyers- even tougher on investors where rates are closer to 8%.
  • In July ...
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Posted in MGS Group
Aug. 10, 2023

Market Update Week of 08/10/2023

Is your dream to own new construction? For many it is! Building that dream home can be a wonderful experience, but It can also be a stressful journey. (Can you tell what's going on with my deals this summer?) I have been through the process many times with clients and wanted to ...

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Posted in MGS Group
July 21, 2023

Market Update Week of 07/21/2023

If you are waiting for mortgages to come back down, some experts say you may be waiting a long time. The chief economist at the National Association of Realtors says that in his lifetime he doesn't expect to see rates adjust back down to 3%. (If you are ...

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Posted in MGS Group
July 14, 2023

Market Update Week of 07/14/2023

The real estate climate out there is complex! If you've been holding out for a correction, you may be waiting for a long time if you want to buy in the Boston area. While the Northeast and Midwest aren't showing signs of slowing any time soon, the Western ...

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Posted in MGS Group