Massachusetts Home Purchase Contracts Up in January
Massachusetts Home Purchase Contracts Up in January
Massachusetts Home Purchase Contracts Up in January
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February 15, 2012 (Shirley Allen)

Contract signings to purchase homes in Massachusetts were up again in January, the ninth consecutive month that contract signings have exceeded the previous year’s totals according to the Massachusetts Association of REALTORS® (MAR).

An estimated total of 2,846 single-family home purchase contracts were signed in January, up 39.44 percent from the 2,041 contract signings in January of last year.

It was also 1.86 percent higher than in December 2011 when 2,794 single-family home purchase contracts were signed.

Contract signings to purchase condominiums were also up from last year, increasing from 846 signings in January of 2011 to an estimated 1,064 in 2012.

Signings were up 0.66 from December 2011 when 1,057 condominium purchase contracts were signed.

Trisha McCarthy, president of MAR, stated, “It’s nice to see that the buyer activity that REALTOR® members across the state have been seeing has been confirmed in the pending sales report for January,” said 2012 MAR President Trisha McCarthy, broker at Keller Williams Realty in Newburyport. “The mild weather in January was a bonus on top of improving job numbers and continued low interest rates. Hopefully the settlement between the states and the five largest mortgage lenders regarding foreclosure practices will provide additional stability and confidence in the market.”

Year-over-year, purchase contracts for single family homes and condominiums have increased for the last nine consecutive months and it was the first monthly increase in five months for single-family home purchases and the first monthly increase for condominium purchases in four months.

Contract signings are a forward looking indicator which generally indicates closings one to two months in the future.

Tags: existing homes, condos, sales, median home prices, Massachusetts, contract signings, pending home sales

Source:
MAR

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February 15, 2012 (Shirley Allen)

Contract signings to purchase homes in Massachusetts were up again in January, the ninth consecutive month that contract signings have exceeded the previous year’s totals according to the Massachusetts Association of REALTORS® (MAR).

An estimated total of 2,846 single-family home purchase contracts were signed in January, up 39.44 percent from the 2,041 contract signings in January of last year.

It was also 1.86 percent higher than in December 2011 when 2,794 single-family home purchase contracts were signed.

Contract signings to purchase condominiums were also up from last year, increasing from 846 signings in January of 2011 to an estimated 1,064 in 2012.

Signings were up 0.66 from December 2011 when 1,057 condominium purchase contracts were signed.

Trisha McCarthy, president of MAR, stated, “It’s nice to see that the buyer activity that REALTOR® members across the state have been seeing has been confirmed in the pending sales report for January,” said 2012 MAR President Trisha McCarthy, broker at Keller Williams Realty in Newburyport. “The mild weather in January was a bonus on top of improving job numbers and continued low interest rates. Hopefully the settlement between the states and the five largest mortgage lenders regarding foreclosure practices will provide additional stability and confidence in the market.”

Year-over-year, purchase contracts for single family homes and condominiums have increased for the last nine consecutive months and it was the first monthly increase in five months for single-family home purchases and the first monthly increase for condominium purchases in four months.

Contract signings are a forward looking indicator which generally indicates closings one to two months in the future.

Tags: existing homes, condos, sales, median home prices, Massachusetts, contract signings, pending home sales

Source:
MAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools

February 15, 2012 (Shirley Allen)

Contract signings to purchase homes in Massachusetts were up again in January, the ninth consecutive month that contract signings have exceeded the previous year’s totals according to the Massachusetts Association of REALTORS® (MAR).

An estimated total of 2,846 single-family home purchase contracts were signed in January, up 39.44 percent from the 2,041 contract signings in January of last year.

It was also 1.86 percent higher than in December 2011 when 2,794 single-family home purchase contracts were signed.

Contract signings to purchase condominiums were also up from last year, increasing from 846 signings in January of 2011 to an estimated 1,064 in 2012.

Signings were up 0.66 from December 2011 when 1,057 condominium purchase contracts were signed.

Trisha McCarthy, president of MAR, stated, “It’s nice to see that the buyer activity that REALTOR® members across the state have been seeing has been confirmed in the pending sales report for January,” said 2012 MAR President Trisha McCarthy, broker at Keller Williams Realty in Newburyport. “The mild weather in January was a bonus on top of improving job numbers and continued low interest rates. Hopefully the settlement between the states and the five largest mortgage lenders regarding foreclosure practices will provide additional stability and confidence in the market.”

Year-over-year, purchase contracts for single family homes and condominiums have increased for the last nine consecutive months and it was the first monthly increase in five months for single-family home purchases and the first monthly increase for condominium purchases in four months.

Contract signings are a forward looking indicator which generally indicates closings one to two months in the future.

Tags: existing homes, condos, sales, median home prices, Massachusetts, contract signings, pending home sales

Source:
MAR

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.