Nationwide housing starts rose for a third consecutive month in March according to figures released today by the U.S. Commerce Department. New housing construction permits issued also rose by a solid 7.5 percent in the month, to a seasonally adjusted annual rate of 685,000 units. Read the rest of this entry »

Since January 18th, nine single family houses came on the market and eight sold.  Four of  the sales were from the new inventory.  Despite the news that was just reported on a ‘national’ December housing sales decline, Wellesley’s market is very active.  For Pinnacle,  sales this past December were our strongest ever.  As of January 25th, there are 108 single family properties remaining for sale. Read the rest of this entry »

Since January 4th, five single family houses were introduced and four sold. Read the rest of this entry »

There has been a push in the House to get the First Time Home Buyer Tax Credit extended, as well as expanded.  Last week the House passed a bill extending the $8,000 tax credit into next year for military, diplomatic and intelligence workers who have been working overseas.  Read the rest of this entry »

In two weeks since our last report, thirty single family houses were listed and fourteen sold.  As of October 5th, there are 182 houses remaining for sale (versus 133 last year at this time).  Read the rest of this entry »

Keeping mortgage rates low is helping to stimulate real estate across the Country.  Read the rest of this entry »

Since September 14th, the local real estate market has been very busy – thirteen single family houses were introduced and twelve sold.  As of September 21st, there are 162 houses remaining for sale. Read the rest of this entry »

In the two weeks since our last report, ten houses were introduced and eight sold.  As of August 10th, there are 160 houses for sale versus 114 this time last year. Read the rest of this entry »

Since July 27th, three houses were introduced and seven (!) sold.  This is greater activity than during many weeks of the early Spring market. Read the rest of this entry »