Realtor.com ranked our neighboring city of Medford (02155) #4 on their list of Top 10 Hottest ZIP codes of 2017! Factors used in the determination of ZIP codes all over the country include property affordability, millennial population and ownership rates, resident salaries, and city job markets. This certainly matches what we are seeing as our office represented parties in more than 20 transactions in Medford in 2017.
Melrose (02176) is also a Realtor.com hot ZIP code and is currently ranked #4 for the first quarter this year. It will be interesting to see where Melrose ranks at the end of 2018!
For the complete article and to see what other ZIP codes made the list, visit https://www.realtor.com/research/hottest-zip-codes-2017/ .
In effort for Buyers and Owners to better understand the terms of the loan product they are purchasing from their lender, NEW regulations are around the corner and will be implemented starting August 1, 2015. The main idea is to give the consumer more time to review the terms associated with the loan product they are purchasing…but will this cause delays in the closing date and cause problems until all parties truly understand the process????
For more information see this Article from The Washington Post
Job growth, low interest rates and relaxing some of the lending restrictions are some of the reasons we are experiencing the Highest home sales and values since 2006.
For more detailed information see this great article from the Wall Street Journal:
One common question that clients, who are in the purchase and sale process, ask is about whether they need title insurance. Although every real estate deal is different, what is constant is the need for protection.
Both residential and commercial deals can become complicated and what title insurance ensures is that you have protection from the possibility that the seller doesn’t, or the previous seller didn’t have free and clear ownership of the house and property that you are purchasing.
To learn more about what the benefits of coverage along with how title insurance protects you check out this helpful article from NOLO.
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