Tag Archive: Massachusetts Real Estate

Why Waiting for Mortgage Rates to Drop Is an Expensive Mistake

Why Waiting for Mortgage Rates to Drop Is an Expensive Mistake If you are thinking about buying a home, your natural instinct might be to wait for interest rates to fall before jumping in. On paper, it sounds prudent. In practice, waiting for rates to drop is often the most ...

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Your Window To Buy a Home Just Opened Up

Buying a Home Is Finally Getting a Little Easier This Fall Why it matters: For the last couple of years, buying a home felt impossible for many. But the numbers are starting to shift. The typical monthly mortgage payment is already about $290 lower than it was just a few ...

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Friday the 13th Real Estate Tip

Beyond the Boo: How a Savvy Agent Protects You from the Scares of Unexpected Home Repairs The Real Haunting: Your Home’s Hidden Costs The scariest thing about a new house isn’t a ghost in the attic—it’s a surprise $15,000 repair bill. Why it matters: Falling for a home’s surface-level charm ...

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Michael Mahoney - Real Broker MA LLC

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Michael Mahoney - Real Broker MA LLC

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Michael Mahoney is a Boston area real estate agent with 2+ decades of experience as a Realtor. He is affiliated with Real Broker MA LLC, a publicly traded NASDAQ listed brokerage firm with 34K agents. We CRUSH IT!

Michael Mahoney - Real Broker MA LLC

5 hours ago

If you want to keep an eye on what's happening with real estate, check out my blog posts. What the Silver Tsunami Means if You’re Planning To SellThe term “silver tsunami” makes it sound like a wave of houses is about to hit the market all at once. The research says otherwise.According to Realtor.com, about 13.9 million homes owned by older Americans are expected to change hands by 2036. That's a big number. But it's spread across a decade, at roughly 1.3 to 1.5 million homes a year.The pace is important. After the 2008 housing crash, builders spent years not building enough homes to keep up with demand, and the country still hasn't caught up. As longtime homeowners sell over time, their houses will help ease a shortage that's already there.For buyers, that can mean more options. For sellers, it means there's no reason to put your plans on hold because of a trend that’s expected to play out over the next 10 years.What matters more is what's happening in your area right now: how many homes are for sale nearby, what similar houses are selling for, and what buyers want.Planning a move in the next year or so? Let's talk about what the local numbers mean for your house.#SilverTsunami #HomeSellingTipsMichael MahoneyRealtor617-615-9435mike@mmahoney.comwww.HomesinBostonMass.com ...

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Michael Mahoney - Real Broker MA LLC

1 day ago

If you want to keep an eye on what's happening with real estate, check out my blog posts. What Experts Forecast for Mortgage Rates and Home Prices in 2027Want to know what’s next for rates and prices? The forecasts are in.And the outlook for the housing market in 2027 comes down to one word: steady.The latest forecasts from Fannie Mae, the Mortgage Bankers Association, and Wells Fargo show mortgage rates holding fairly flat through 2027. No big drop expected. No big spike either.Lenders agree. In a recent HousingWire survey, 70% of mortgage executives said they expect rates to be around 7.5% or higher six months from now.Home prices are on a steady path too. On average, those same forecasts show national prices rising about 1% to 1.5% a year through 2027.So what does that mean for you?If you’re buying, slower price growth gives you a little more breathing room. And instead of waiting on a rate drop that may not come, you can focus on what you can control, like a monthly payment that feels comfortable today.If you’re selling, your house should keep holding its value, which makes it easier to plan your move around your goals and timeline.Just keep in mind, these are national numbers. What’s happening in your neighborhood could look different.Curious what a move could look like at today’s rates and prices? Let’s run the numbers together.#HousingMarket #MortgageRatesMichael MahoneyRealtor617-615-9435mike@mmahoney.comwww.HomesinBostonMass.com ...

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Michael Mahoney - Real Broker MA LLC

3 days ago

If you want to keep an eye on what's happening with real estate, check out my blog posts. The Home Insurance Move That Could Save You $440 a YearWhen was the last time you shopped around for home insurance? Because that one move could save you hundreds of dollars a year.With home insurance taking up a bigger chunk of monthly housing costs, that's an opportunity worth looking into.And the numbers are pretty eye-opening.According to Intercontinental Exchange, homeowners who switched insurance companies saved an average of $440 a year. Their premiums dropped 6.6%, while homeowners who stayed with their existing provider saw costs climb 10.4%.That's a big difference just for shopping around.And here's more good news: Home insurance costs are still rising, but the pace of those increases is finally slowing down.So, what does this mean if you're buying a home?Don't assume the first insurance quote you get is the best one. Comparing providers could help you keep your monthly payment more manageable.And if you're open to new construction, there's another potential advantage. Newly built homes typically cost 10–15% less to insure than older ones, according to John Burns Research and Consulting.Want help finding ways to make your next move more affo#HomeInsurancee#homebuyingtips's talk.#HomeInsurance #HomebuyingTipsMichael MahoneyRealtor617-615-9435mike@mmahoney.comwww.HomesinBostonMass.com ...

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Michael Mahoney - Real Broker MA LLC

7 days ago

Pop quiz for Greater Boston buyers: What minimum credit score do you actually need to buy a home? 🏠👇A) 620B) 660C) 700D) It dependsDrop your guess in the comments before reading further! ⬇️...If you guessed B or C, you aren't alone. A recent Veterans United survey revealed that 57% of would-be buyers believe you need at least a 660 or near-perfect credit to qualify.The truth? Both A (620) and D ("It depends") are correct. 🎯For standard Fannie Mae and Freddie Mac conventional loans, the baseline benchmark is 620—not 700. And with loan programs like FHA or VA (plus recent updates to credit qualification models), qualifying scores can sometimes be even lower.Don't let credit score myths keep you trapped in a lease or sitting on the sidelines of the Boston market.Curious where you stand or want to see what you could qualify for today?Send me a direct message or check out your options here: RealtorMikeMahoney.com#BostonRealEstate #GreaterBoston ...

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1 week ago

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