Len and Leslie Marma's Blog
A holiday party for fourth to 12th graders will be held from 5 - 6:30 p.m., December 20th at the Ventress Memorial Library, 15 Library Plaza.
The party will be hosted by the library's Tween Interest Group and Teen Advisory Group. The event will include hot cocoa, cookie decorating, winter crafts and games.
Registration is required and can be completed by visiting ventresslibrary.org or by calling the library at 781 834-5535.
KCM Crew, October 10th, 2018
According to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home prices did not appreciate by at least 6.0% year-over-year.
CoreLogic’s Chief Economist Frank Nothaft gave some insight into this change,
One of the major factors that has driven prices to accelerate at a pace of between 6-7% over the past two years was the lack of inventory available for sale in many areas of the country. This made houses a prized commodity which forced many buyers into bidding wars and drove prices even higher.
According to the National Association of Realtors’ (NAR) latest Existing Home Sales Report, we are starting to see more inventory come to market over the last few months. This, paired with patient buyers who are willing to wait to find the right homes, is creating a natural environment for price growth to slow.
Historically, prices appreciated at a rate of 3.7% (from 1987-1999). CoreLogic predicts that prices will continue to rise over the next year at a rate of 4.7%.
As the housing market moves closer to a ‘normal market’ with more inventory for buyers to choose from, home prices will start to appreciate at a more ‘normal’ level, and that’s ok! If you are curious about home prices in your area, let’s get together to chat about what’s going
Bank of America says existing home sales have peaked https://www.housingwire.com/articles/46995-bank-of-america-says-existing-home-sales-have-peaked?utm_campaign=Newsletter+-+HousingWire+Daily&utm_source=hs_email&utm_medium=email&utm_content=66347226&_hsenc=p2ANqtz-8ITFNLW6xDKfnPCDTGoBvT8QKTyGH2Dob2LoQSmB361Qe2vBZ_5WtyiuVlgvhVT-0QjzsM3CkjJBK0jqkPYYe3iK2OEw&_hsmi=66347226#.W7zKOLm4PlY.twitter#HomeSales #HousingMarket #LenandLeslieMarma
KCM Crew, October 8th, 2018
|Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence.|
Realtor.com reported that:
What proof exists that owning is financially better than renting?
1. In a previous blog, we highlighted the top 5 financial benefits of homeownership:
2. Studies have shown that a homeowner’s net worth is 44x greater than that of a renter.
3. Less than a month ago, we explained that a family that purchased an average-priced home at the beginning of 2018 could build more than $49,000 in family wealth over the next five years.
4. Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment – along with a profit margin!
Owning your home has many social and financial benefits that cannot be achieved by renting.