Nestled just north of Boston, Somerville, Massachusetts, is a city rich with character. It is known for its unique neighborhoods centered around bustling city squares. Each square has a distinct personality, offering delicious cuisine, arts, entertainment, and outdoor activities. Join us as we explore the charming squares that make Somerville a must-visit destination. Union Square: […]
As another presidential election approaches, debates about its effects on various aspects of life intensify. Among these, the real estate market often comes under scrutiny. The common belief is that elections create uncertainty, causing potential homebuyers to hesitate. However, a closer look at historical data and expert opinions reveals a different narrative. Historical Perspective: Elections […]
Today, the average 30-year fixed mortgage interest rate stands at 7.00%, reflecting a slight decrease of 0.02% compared to one week ago. Conversely, the 15-year fixed mortgage rate has increased by 0.03%, now at 6.46%. These fluctuations highlight the dynamic nature of mortgage rates, influenced by many economic factors. Today’s Mortgage Rates Snapshot Here is […]
In a much-anticipated announcement, the Federal Reserve decided to keep its key interest rate unchanged while signaling just one rate cut expected before the end of the year. This decision, revealed after the two-day Federal Open Market Committee (FOMC) meeting, may not be as aggressive as some had hoped, but in the current economic climate, […]
Welcome to The Griffin Real Estate Market Update, I’m Danny Griffin. If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends. According to MLSPIN, the marketplace for Boston residential properties, here’s what happened in May 2024 vs April 2024: The Number of SOLD listings increased by 23% […]
On June 6, the European Central Bank (ECB) is poised to lower its benchmark interest rate for the first time in nearly five years, signaling a significant shift in monetary policy. This decision comes as the Federal Reserve (Fed) remains on hold, grappling with persistent inflation. The ECB’s move, unusual as it precedes the Fed’s […]
Boston’s approach to managing waste and water is a comprehensive system that involves several key components, each playing a vital role in ensuring the city’s environmental sustainability and public health. The Role of the Boston Water and Sewer Commission (BWSC) The Boston Water and Sewer Commission (BWSC) is pivotal in managing the city’s water supply and wastewater […]
As the world of finance hinges on every word from the Federal Reserve, the latest decision to maintain interest rates has sent a calming wave across the markets. The Federal Open Market Committee (FOMC) recently concluded its May meeting with a reaffirmation to keep the federal funds rate steady between 5.25% and 5.5%, a decision that […]
As Americans navigate their housing options, the age-old question of whether to rent or buy is more relevant than ever. Given the current economic conditions and market trends, deciding between renting and buying has become crucial. Current Market Dynamics In April 2024, the housing market is characterized by volatility due to fluctuating mortgage rates and […]
In the heart of Boston, a unique transformation has unfolded, positioning the 02115 zip code as the pinnacle of residential real estate value in the United States. This prestigious title, recently highlighted by The Wall Street Journal, doesn’t merely reflect the area’s current status but tells a story of evolution, ambition, and the complex dynamics […]
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