Recently there has been a lot of talk about home prices and if they are accelerating too quickly. In some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise.

The great news about rising prices, however, is that according to CoreLogic’s latest US Economic Outlook, the average American household gained over $11,000 in equity over the course of the last year, largely due to home value increases.

The map below was created from CoreLogic’s report and shows the average equity gain per mortgaged home from June 2015 to June 2016 (the latest data available).

Read more HERE!

Hoping to sell your home before the end of the year? Staging is an important step for all home sellers. It helps potential homebuyers visual themselves in the space and can increase the perceived value of your home. Adding seasonal touches add a nice touch but don’t over do it.

Make your Wellesley & Metrowest Boston home extra cozy and welcoming this season by following these 5 fall home staging ideas.

Add Curb Appeal. The outside of your home is the first impression for homebuyers. You want to entice the buyers into your home by making sure it looks its best before they walk through the front door. The first step to ensure curb appeal is to make sure that you maintain the landscaping. As the weather begins to cool, your garden and lawn can start to lose some of its beauty. Rake up leaves, remove dead plants, and trim trees and bushes. You can also add a few seasonal decorative touches to the front entryway.

Mums the Word. Add splashes of beautiful autumnal colors inside and out with gold and orange chrysanthemums. Pick up a perfectly round pumpkin to really add some fall decor to your space. Just don’t overwhelm any room with too much color. You just want to add some accents for points of interest.

Let in the Light. The changing season also means shorter days. Natural light help make your home look its best. Always keep drapes and blinds open to let in the sunshine. Turn on overhead lights in darker rooms or for showings that occur later in the day. If more night is needed, add some accent lights with tabletop and floor lamps.

Entice with Fall Smells. Your home will feel especially homey by adding fall scents, such as pumpkin spice, cinnamon, apple pie, or leaves. Add some scented candles or air fresheners throughout key spaces in your home to add a cozy feeling for all home buyers.

Keep a Cozy Fireplace. With crisp fall nights and the upcoming winter months, a fireplace can be an attractive feature for a Massachusetts homebuyers. You want to make sure yours looks its best. Keep it clean and highlight it with simple decor. It can be dangerous to leave a fireplace unattended. If you are able to monitor it during an open house, however, a fire can really add some warmth to your home.

If you are a Buyer looking to find your dream home this fall in the Wellesley area, Team Lynch Real Estate Consultants is here to help! We have incredible Featured Properties currently available! Give us a call today or visit our website at http://www.teamlynchrealestate.com/.

Fannie Mae’s “What do consumers know about the Mortgage Qualification Criteria?” Study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home.

Myth #1: “I Need a 20% Down Payment”

Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 76% of Americans either don’t know (40%) or are misinformed (36%) about the minimum down payment required.

Many believe that they need at least 20% down to buy their dream home. New programs actually let buyers put down as little as 3%.

Read the remainder of this blog here.

CoreLogic’s latest Equity Report revealed that 92% of all mortgaged properties are now in a positive equity situation, while 74% now actually have significant equity (defined as more than 20%)! The report also revealed that 268,000 households regained equity in the first quarter of 2016 and are no longer under water.

Price Appreciation = Good News for Homeowners

Frank Nothaft, CoreLogic’s Chief Economist, explains:

Continue reading at this link: EQUITY REPORT

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.

Here are the top five reasons:

1. There Are Too Many People to Negotiate With

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner:

• The buyer who wants the best deal possible
• The buyer’s agent who solely represents the best interest of the buyer
• The buyer’s attorney (in some parts of the country)
• The home inspection companies, which work for the buyer and will almost always find some problems with the house
• The appraiser if there is a question of value

Read the rest of this blog at this link:  5 Reasons Not to FSBO

The latest report from Freddie Mac shows that the 30-year fixed-rate mortgage averaged 3.61% last week, slightly down from the week before (3.66%), and nearly 20 points lower than a year ago (3.80%).

Get the new rates and learn more by clicking here: Historic Low Mortgage Rates

Local High Schools listed in TOP 25 High Schools in Massachusetts!

One of the MANY reasons people love living in Massachusetts are the outstanding public schools offered across the state, particularly in the Greater Boston area. The List of Top Schools in Massachusetts has officially been recorded, and two schools in our local community made the list! Congrats to Needham High School ranking #11 and Wellesley High School ranking #21!! School rankings are determined by both student-teacher ratio and college readiness, both critical elements to the MassCore program of studies which readies students for the workforce.

Located in Needham MA is Needham High School, which has approximately 1,400 students. Needham HS offers excellent academics and a wide range of co-curricular activities, including and interscholastic athletic program and 50 clubs. 85% of Needham High School students are involved in at least one activity! To see available homes that feed into this top notch school please click here.

Wellesley High School, in Wellesley MA, has a student population of right around 1,500. Wellesley HS offers 60 extracurricular activities in service, academic, student government, and performing arts programs, and over 80% of students participate in at least one program! Click here to see available homes that feed into Wellesley.

And don’t forget that one of the OLDEST high school football rivalries in the county is the Needham Rockets vs the Wellesley Raiders. Come on out this Thanksgiving to cheer on your favorite team!

If you're interested in Buying, Selling or Investing in the Wellesley and Metrowest Communities, give Team Lynch a call or visit our website at: http://www.teamlynchrealestate.com/