Author Archive
Events around Newton – Walking Tour of Oak Hill – August 18th
Thursday, August 18, 6:00 p.m. Walking Tour of Mount Ida Campus Before this Oak Hill location became Mount Ida College and then a campus of the University of Massachusetts Amherst, it was the 19th century estate of William Sumner Appleton. It...
Interest Rates
The FED raised rates by a half percentage point last week. This will certainly give some buyers pause as it reduces the price of the house they can buy. For example, in buying an $800,000 home, a half percentage point would raise the mortgage p...
Mortgage Rates – Week of March 4, 2022
Applications to refinance a home loan increased 1% last week but were still 56% lower than the same week one year ago. Mortgage applications to purchase a home fell 2% for the week and were 9% lower year over year. While mortgage rate...
Welcome Rhoda Ostrer to the Company
We are delighted to have Rhoda join Michelle Lane Real Estate. Rhoda brings a wealth of experience to the company, selling throughout the Greater Boston area as an award winning agent for Century 21 and Berkshire Hathaway Home Services. Rhoda c...
Rising Interest Rates
The stock market was quite a roller coast ride last week. Jerome Powell announced that rates are going up 3-4 times this year beginning in March, which was a factor. He also indicated that there is a possibility that the first rate increase c...
Market Snapshot – Newton
Comparison to this time last year - Jan 7 2021 / Jan 2022 I am showing Newton numbers since that is where we sell most, but this is reflective of the Greater Boston market overall. Those numbers are 4,775 properties on today compared to 7.06...Where are Rates Headed in 2022?
The bottom line for prospective homebuyers is this: The historically low mortgage rates of 2020 and 2021 are not coming back in 2022. But rates are likely to remain relatively low. Even a jump to 4% by the end of the year in 2022 would be ...Penny I (Seller – Newton)
We were referred to Michelle by a friend. She knows Newton and the surrounding areas. She knows real estate, she knows everyone associated with real estate, including mortgage brokers, inspectors, and insurance agents. Michelle is very pro...