Now more than ever roommates and close friends are coming together to enjoy the benefits of homeownership. Why wait to get married to invest in a property?
Category Archives: Market News
Berkshire Hathaway HomeServices Commonwealth Real Estate and Robert Paul Properties Named 17th Highest Performing Brokerage
Berkshire Hathaway HomeServices Commonwealth Real Estate and Berkshire Hathaway HomeServices Robert Paul Properties, divisions of Commonwealth Realty Group, LLC, are pleased to announce they have been recognized with the Berkshire Elite Circle Award as one of the Top 50 companies in the Berkshire Hathaway HomeServices global network.
The company, ranked 17th, received recognition at a special award ceremony held during the Berkshire Hathaway HomeServices annual Sales Convention in New Orleans, Louisiana. Real estate professionals from around the world gathered at the conference to network, learn, and celebrate the network’s success.
As Featured in Banker and Tradesman – By Robert Paul President Emily Clark
Barnstable County finished 2023 with only 400 homes for sale, driving continual affordability challenges.
More Homes Needed for Affordability Impact
Interest Rates Must Fall to Free Up Inventory
2023 was an eventful year for real estate, and 2024 is off to quite the start itself. As a brokerage leader, my job is to not only monitor the market for trends that will impact inventory and sales dynamics, but also to scan the business side of the industry to keep my agents ahead of the curve so they can deliver great service to their clients.
In the Cape Cod market, and across Massachusetts, inventory and interest rates are likely to continue to be the biggest challenges encountered by both buyers and sellers in 2024. Rates in the 6 percent to 7 percent range, combined with severely limited inventory in many cities and towns, are the chief drivers of affordability concerns on the buyers’ side. This is compounded by the fact that many homeowners with interest rates in the 3 percent or lower range are understandably reluctant to sell and pay a premium for a new home, even if their current one no longer fits their needs.
Should You Buy a Home Before 2024?
Is it the right time to buy a home before 2024? As we look back at the turbulent journey of the real estate market over the past few years, it’s clear that the landscape has shifted dramatically. Continue reading