Katie McBride | Hopkinton Real Estate, Holliston Real Estate, Ashland Real Estate


Can't beat this location - easy access to Route 495 and Mass Pike - grocery shopping right down the street - and a lake within a half mile! Pretty home with great curb appeal. Lot is picket fenced and back deck overlooks spacious yard and storage shed. Harvey windows replaced recently. Roof 2009. Newer furnace. Corian kitchen counter tops - open floor plan with kitchen/dining room and large front to back living room with slider. Hardwoods!!! According to Boston Magazine in 2016, Hopkinton was ranked number 31 out of Massachusetts public high schools within the I-495 area. Open House Saturday, June 30 from 11AM - 1PM. Offers due Monday, July 2 at 3PM.

More Info on this Property | New Listing Alerts

3 Issues Facing Today’s Real Estate Market | Simplifying The Market


Last week, the National Association of Real Estate Editors (NAREE) held their 52nd Annual Journalism Conference in Las Vegas, NV. Among the many highly anticipated sessions was one called “Top Ten Issues Affecting Real Estate™,” given by Joseph Nahas, Jr., Chair of the Counselors of Real Estate & Senior Vice President of Equus Capital Partners. 

The Counselors of Real Estate (CRE) “is an international organization of high profile property professionals which include principals of prominent real estate, financial, legal, and accounting firms as well as recognized leaders of government and academia.” 

Their annual “top 10” list spans any and all issues that could have an impact on the real estate market. This year, the list was broken up into “Current” and “Long-Term Issues.”

Today we’re going to focus on three of the five “Current” issues with a brief explanation of their impacts on the housing market today!

E-Commerce & Logistics

With promises of 2-day shipping no matter where you live, we are benefiting more now than ever before from the speed and ease-of-use of online retailers like Amazon. These e-retailers haven’t changed whether or not we buy certain items, but rather HOW we buy them!

Many traditional malls or big-box stores are being repurposed as warehouses or distribution centers for online retailers so that they can get their products out faster.

A Look to the Future: “Developers who are including experiences into their locations are the ones who will succeed. It’s about the experience and gaining something over just going to buy a product.”

Generational Change & Demographics

By now we’ve all heard that the millennial generation is the largest yet, just by sheer volume. The largest group of millennials turns 30 years-old in 2020. The average first-time homebuying age is between 30 and 32, depending on marital status. Real estate professionals will be inundated with more and more buyers as the years roll on. Nahas commented on this in his presentation, saying that,

“Too many developers have become dependent on making decisions based on baby boomer’s preferences.

The 75 million millennials are coming, and they will influence real estate and commerce even faster than the baby boomers in the 50s and 60s.”

Interest Rates & the Economy

The interest rate that you secure for your mortgage is a big factor in your monthly housing cost and in how much you ultimately pay for your home. According to Freddie Mac’s Primary Mortgage Market Survey, rates rose to 4.62% on a 30-year fixed rate loan last week.

The Federal Reserve also raised the federal funds rate for the second time this year. If unemployment continues to be at or near record lows, two more hikes are likely to come later this year.

Nahas added,

“Rising rates can be good and bad for the economy. Bad for borrowing money with additional costs, but good to control inflation and help grow the economy at a moderate pace.”

Bottom Line

If you are planning on buying and/or selling a home this year, let’s get together to help you navigate the conditions in your market and set you up for success.


One of the best things that you can add to your home is a solar power system. These can be costly but they save you a lot in the long term on utility costs. While government programs have scaled back for these energy saving improvements over the years, there’s still many benefits to them. You can even get a loan specifically for installing solar power to your home.


Before you take the leap, you’ll want to know for sure if solar will really add value to your home. Of course, you want a return on your investment. 


The good news is that there’s no doubt about it that installing solar panels does definitely add value to your home. There’s one caveat to the value: You should own your   solar power system as opposed to leasing it through a solar company or a power purchase agreement. 


Homes that have solar panels sell for more money simply because they offer a definite return benefit to the future owner. 


Does A Leased Solar System Offer The Same Benefits?


Owning your solar system will save you more money in the long run than leasing your system. When you own a solar power system, the FHA requires that the total value of your solar system be added to the total value of your home when you go to sell it. If you lease the panels, this value cannot be added to the home during an assessment.   


If you have financed the system, the rules may be a bit more lenient. While you technically don’t own the system, you are paying towards owning the system yourself. Each lender will have their own standards for this, so check with them for specifics, as your home must meet certain standards and eligibility requirements. 


Securing A Mortgage With A Leased Solar System


If someone is looking to secure a mortgage with a leased or currently unowned solar energy system, there are a few hurdles that you might face through the process. These problems include:


Solar lease payments must be included in the buyer’s debt-to-income ratio. 

The panel owners must have a third-party insurance to cover damage to the property that’s being mortgaged in the event of malfunction or faulty installation of the panels.         


Solar Panels Are An Overall Great Investment


It’s really hard to go wrong if you purchase or finance your solar panel system. As long as you own the system, value will be added to your home. You’ll also save on your own utility bills. Your home will undoubtedly become more attractive to buyers if you decide to sell your home in the future.



53 Hayward Street, Hopkinton, MA 01748

Single-Family

$400,000
Price

6
Rooms
2
Beds
1/1
Full/Half Baths
Can't beat this location - easy access to Route 495 and Mass Pike - grocery shopping right down the street - and a lake within a half mile! Pretty home with great curb appeal. Lot is picket fenced and back deck overlooks spacious yard and storage shed. Harvey windows replaced recently. Roof 2009. Newer furnace. Corian kitchen counter tops - open floor plan with kitchen/dining room and large front to back living room with slider. Hardwoods!!! According to Boston Magazine in 2016, Hopkinton was ranked number 31 out of Massachusetts public high schools within the I-495 area. Open House Saturday, June 30 from 11AM - 1PM. Offers due Monday, July 2 at 3PM.
Open House
Saturday
June 30 at 11:00 AM to 1:00 PM
Cannot make the Open Houses?
Location: 53 Hayward Street, Hopkinton, MA 01748    Get Directions

Similar Properties




53 Hayward Street, Hopkinton, MA 01748

Single-Family

$400,000
Price

6
Rooms
2
Beds
1/1
Full/Half Baths
Can't beat this location - easy access to Route 495 and Mass Pike - grocery shopping right down the street - and a lake within a half mile! Pretty home with great curb appeal. Lot is picket fenced and back deck overlooks spacious yard and storage shed. Harvey windows replaced recently. Roof 2009. Newer furnace. Corian kitchen counter tops - open floor plan with kitchen/dining room and large front to back living room with slider. Hardwoods!!! According to Boston Magazine in 2016, Hopkinton was ranked number 31 out of Massachusetts public high schools within the I-495 area. Open House Saturday, June 30 from 11AM - 1PM. Offers due Monday, July 2 at 3PM.
Open House
Saturday
June 30 at 11:00 AM to 1:00 PM
Cannot make the Open Houses?
Location: 53 Hayward Street, Hopkinton, MA 01748    Get Directions

Similar Properties





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