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Open Houses vs. Virtual Tours
While open houses benefit real estate agents in terms of advertising, training new agents, and finding buyers for other properties, sellers reap fewer benefits. They have to tidy the house and leave it for the afternoon, and the likelihood of the home actually selling as a result of the open house is small.
Experts say agents should consider the security risks posed by an open house.
Read more at Open houses: Weighing risks versus rewards.
A Cape Cod Real Estate Rebound?
After six months of consistently falling sales numbers, property sales increased on Cape Cod last month, according to a pair of reports released this week.
There were 523 property sales valued over $50,000 completed on Cape Cod in August …
Read more at A Cape Cod real estate rebound.
Foreclosures Swamp Nantucket
FORTUNE — In the past decade, Nantucket Island has served as a barometer for the fortunes of Wall Street. The glass cracked after years of unsustainable pressures. But almost by magic, the barometer is rising once more even as something new and unexpected has come to the summer paradise: foreclosures, short sales, failed auctions, and a skinnier municipal budget. And while financiers can cut and run, it’s the locals who are being hardest hit.
Read more at Wall Streeters pulled back, but foreclosures swamp Nantucket natives.
Number of Completed Mass. Foreclosures Doubles in May
Lenders initiated fewer foreclosures in Massachusetts in May than they did a year ago and in the prior month, according to a new report from The Warren Group.
Read more at Number of completed Mass. foreclosures doubles in May.
Is a Housing Shortage Coming?
NEW YORK (CNNMoney.com) — As the nation struggles to shrug off the worst housing crash since the Great Depression, it may be hard to believe a housing shortage could be on its way.
Read more at Is a housing shortage coming?
Housing Still Sluggish
Home sales and housing starts rebounded last year, but record foreclosures and unemployment threaten the recovery, according to a study by the Joint Center for Housing Studies at Harvard University.
Read more at Housing still sluggish.
Study: Housing Out of Reach in Massachusetts
While prices fell dramatically during the nation’s housing crisis, homeownership is still only a dream for many Bay Staters, according to a Federal Reserve Bank of Boston study.
Read more at Study: Housing out of reach in Mass.
Mass. Home Sales Soar in April
Bay State home sales continued to surge in April as buyers rushed to take advantage of low interest rates, affordable prices and the final days of the home-buyer tax credit.
“Confidence is building,” said William Dermody, a broker at Coldwell Banker Residential Brokerage and a regional vice president for the Massachusetts Association of Realtors.
Read more at Mass. home sales soar in April.
Tax Credit and Low Mortgage Rates Boost Home Sales
WASHINGTON — Homebuyers rushed to take advantage of government incentives and low mortgage rates in April, giving the housing market its biggest boost in five months.
But now that a homebuyer tax credit has expired, growth in the second half of the year will depend on the lure of historically low mortgage rates and the strength of the economic recovery.
Read more at Tax credit and low mortgage rates boost home sales.
Mass. Foreclosures Up 80 Percent From Last April
Despite signs that the Bay State housing market is improving, lenders started more foreclosures in April than they did a year earlier.
Foreclosure petitions, the first step in seizing a home, increased to 2,431 last month, up from 2,013 in April of last year, a nearly 21 percent jump, according to a report released this morning by The Warren Group. While the number of April petitions slipped 6 percent from March, the total number of petitions through April is 9,008, a 4 percent hike compared to the same period last year.
Read more at Mass. foreclosures up 80 percent from last April.
Tide of Foreclosures on Cape Rises Again
For a few months, there seemed to be some good housing news on Cape Cod.
In each of the first 11 months of 2009, the number of foreclosures completed in Barnstable County was lower than it had been in the same month the previous year. In May, the number was less than half of what it had been in the same month in 2008.
But in December, the tide turned. In March, there were 56 percent more foreclosures than were in the same month the previous year.
Read more at Tide of foreclosures on Cape rises again | CapeCodOnline.com
