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February Home Purchase Contracts Surge in Massachusetts
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February Home Purchase Contracts Surge in Massachusetts
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
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February Home Purchase Contracts Surge in Massachusetts
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March 14, 2012 (Shirley Allen)

Contract signings to purchase single-family homes and condominiums in Massachusetts were up again in February, the tenth consecutive month that contract signings have exceeded the previous year’s totals according to the Massachusetts Association of REALTORS® (MAR).

An estimated total of 4,645 purchase contracts for existing single-family homes and condos were signed in the Bay State in February. That was 25.8 percent higher than the 3,692 contracts signed in January and 41.7 percent higher than the 3,279 contracts signed in February 2011.

Signings for single-family homes accounted for an estimated 3,368 of the purchase contracts in February, up 44.2 percent from the 2,335 contract signings in February of last year.

It was also 18.3 percent higher than last month when 2,846 single-family home purchase contracts were signed.

Contract signings to purchase condominiums were also up from last year, increasing from 944 signings in February of 2011 to an estimated 1,277 in 2012.

Purchase contracts were up 11.6 percent from last month when 846 condominium contracts were signed.

Trisha McCarthy, president of MAR, stated, “This was the largest year-over-year increase in pending sales since we’ve been tracking this data. Buyer confidence continues to grow and the numbers confirm what REALTOR®-members across the state have been reporting; they’re busy. If these pending sales hold together through closing, we have the potential for impressive increases in April and May closings.”

Year-over-year, purchase contracts for single family homes and condominiums have increased for the last 10 consecutive months and it was the second consecutive monthly increase for both single-family home and condominium purchase contracts.

Contract signings are a forward looking indicator which generally indicates closings one to two months in the future.

Tags: existing homes, condos, sales, median home prices, Massachusetts, contract signings, pending home sales

Source:
MAR

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March 14, 2012 (Shirley Allen)

Contract signings to purchase single-family homes and condominiums in Massachusetts were up again in February, the tenth consecutive month that contract signings have exceeded the previous year’s totals according to the Massachusetts Association of REALTORS® (MAR).

An estimated total of 4,645 purchase contracts for existing single-family homes and condos were signed in the Bay State in February. That was 25.8 percent higher than the 3,692 contracts signed in January and 41.7 percent higher than the 3,279 contracts signed in February 2011.

Signings for single-family homes accounted for an estimated 3,368 of the purchase contracts in February, up 44.2 percent from the 2,335 contract signings in February of last year.

It was also 18.3 percent higher than last month when 2,846 single-family home purchase contracts were signed.

Contract signings to purchase condominiums were also up from last year, increasing from 944 signings in February of 2011 to an estimated 1,277 in 2012.

Purchase contracts were up 11.6 percent from last month when 846 condominium contracts were signed.

Trisha McCarthy, president of MAR, stated, “This was the largest year-over-year increase in pending sales since we’ve been tracking this data. Buyer confidence continues to grow and the numbers confirm what REALTOR®-members across the state have been reporting; they’re busy. If these pending sales hold together through closing, we have the potential for impressive increases in April and May closings.”

Year-over-year, purchase contracts for single family homes and condominiums have increased for the last 10 consecutive months and it was the second consecutive monthly increase for both single-family home and condominium purchase contracts.

Contract signings are a forward looking indicator which generally indicates closings one to two months in the future.

Tags: existing homes, condos, sales, median home prices, Massachusetts, contract signings, pending home sales

Source:
MAR

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

March 14, 2012 (Shirley Allen)

Contract signings to purchase single-family homes and condominiums in Massachusetts were up again in February, the tenth consecutive month that contract signings have exceeded the previous year’s totals according to the Massachusetts Association of REALTORS® (MAR).

An estimated total of 4,645 purchase contracts for existing single-family homes and condos were signed in the Bay State in February. That was 25.8 percent higher than the 3,692 contracts signed in January and 41.7 percent higher than the 3,279 contracts signed in February 2011.

Signings for single-family homes accounted for an estimated 3,368 of the purchase contracts in February, up 44.2 percent from the 2,335 contract signings in February of last year.

It was also 18.3 percent higher than last month when 2,846 single-family home purchase contracts were signed.

Contract signings to purchase condominiums were also up from last year, increasing from 944 signings in February of 2011 to an estimated 1,277 in 2012.

Purchase contracts were up 11.6 percent from last month when 846 condominium contracts were signed.

Trisha McCarthy, president of MAR, stated, “This was the largest year-over-year increase in pending sales since we’ve been tracking this data. Buyer confidence continues to grow and the numbers confirm what REALTOR®-members across the state have been reporting; they’re busy. If these pending sales hold together through closing, we have the potential for impressive increases in April and May closings.”

Year-over-year, purchase contracts for single family homes and condominiums have increased for the last 10 consecutive months and it was the second consecutive monthly increase for both single-family home and condominium purchase contracts.

Contract signings are a forward looking indicator which generally indicates closings one to two months in the future.

Tags: existing homes, condos, sales, median home prices, Massachusetts, contract signings, pending home sales

Source:
MAR

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.