Home Values Projected to Keep Rising

Home Values Projected to Keep Rising | MyKCM

As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come.

Due to the undersupply of homes on the market today, there’s upward pressure on prices. Consider simple economics: when there is high demand for an item and a low supply of it, consumers are willing to pay more for that item. That’s what’s happening in today’s real estate market. The housing supply shortage is also resulting in bidding wars, which will also drive price points higher in the home sale process.

Home Values Projected to Keep Rising | MyKCM

There’s no evidence that buyer demand will wane. As a result, experts project price appreciation will continue over the next twelve months. Here’s a graph of the major forecasts released in the last 60 days:

I hear many foreclosures might be coming to the market soon. Won’t that drive prices down?

Some are concerned that homeowners who entered a mortgage forbearance plan might face foreclosure once their plan ends. However, when you analyze the data on those in forbearance, it’s clear the actual level of risk is quite low.

Ivy Zelman, CEO of Zelman & Associates and a highly-regarded expert in housing and housing-related industries, was very firm in a podcast last week:

“The likelihood of us having a foreclosure crisis again is about zero percent.”

With demand high, supply low, and little risk of a foreclosure crisis, home prices will continue to appreciate.

Note the same principle also apply if you are thinking about building a new home. New construction sales prices will continue to rise as the prices of lumber and materials continue to increase under the same circumstances of high demand and low supply.

Bottom Line

Though many thought home prices would depreciate in 2020 due to the economic slowdown from the coronavirus. We instead experienced quite the opposite – prices appreciated substantially. Over the next year, we will likely see home values continue to rise higher given the continued lack of inventory of homes for sale.

It is my true pleasure to  work hard for my clients and your referrals throughout Massachusetts, Rhode Island, and Cape Cod.  Please let me know what questions you may have and how I can be of the best assistance to you.

Jen McMorran, Realtor

Jennifer McMorran, Realtor, SRES
New Construction & First Time Home Buyer Specialist
MA, RI, and Cape Cod & Islands Licensed Real Estate Sales Associate
New Homes Team Kensington Real Estate Brokerage
508-930-5259
Jen.McMorran@gmail.com
www.jenmcmorran.realtor
real people. real estate. 

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#1 Reason NOT to Wait to List your House for Sale

The #1 Reason Not to Wait to List Your House for Sale

The #1 Reason Not to Wait to List Your House for Sale | MyKCM

Many industries have been devastated by the economic shutdown caused by the COVID-19 virus.

Real estate is NOT one of them.

Mark Fleming, Chief Economist for First American, just reported:

“Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels.”

Buyer demand is still strong heading into the fall. ShowingTime, which tracks the average number of buyer showings on residential properties, just announced that buyer showings are up 61.9% compared to the same time last year. They went on to say:

“Normally, real estate activity begins to slow down in the late summer, but this year it peaked in July, August and into September.”

There Is One Big Challenge

Purchaser demand is so high, the market is running out of available homes for sale. Just last week, realtor.com reported:

“Since the beginning of the COVID pandemic in March, nearly 400,000 fewer homes have been listed compared to last year, leaving a gaping hole in the U.S. housing inventory.”

The #1 Reason Not to Wait to List Your House for Sale | MyKCM

The National Association of Realtors (NAR) revealed that, while home sales are skyrocketing, the inventory of existing homes for sale is dropping dramatically. Below is a graph of existing inventory (September numbers are not yet available):Homebuilders are increasing construction, but they cannot keep up with the high demand. Bill McBride, founder of the Calculated Risk blog, in discussing inventory of newly constructed houses, notes:

“The months of supply decreased to 3.3 months…This is the all-time record low months of supply.”

What does this mean for sellers?

Anyone thinking of putting their home on the market should not wait. A seller will always negotiate the best deal when demand is high and supply is limited. That’s exactly the situation in the real estate market today.

Next year, when the pandemic is hopefully behind us, there will be many more properties coming to the market. Don’t wait for that increase in competition in your neighborhood. Now is the time to sell.

It is my true pleasure to  work hard for my clients and your referrals throughout Massachusetts and Rhode Island.  Please let me know what questions you may have and how I can be of the best assistance to you.

Jen McMorran, Realtor

Jennifer McMorran, Realtor, SRES
New Construction & First Time Home Buyer Specialist
MA & RI Licensed Real Estate Sales Associate
New Homes Team Kensington Real Estate Brokerage
508-930-5259
Jen.McMorran@gmail.com
www.jenmcmorran.realtor
real people. real estate. 

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Brand New and Waiting for You!

A note from me:  These are incredible times.  First and foremost, your top priority must be taking care of yourself and your loved ones. I am still working, but know that real estate will be there for you on the other side of the Covid-19 crisis as well.  There are absolutely some buyers and sellers who need to buy and sell now and my team is working with them to make that happen. If you feel more comfortable waiting, take assurance in the fact that we were in the middle of a strong economy and a strong real estate market with limited inventory when Covid-19  hit. I am confident there are going to be buyers and sellers anxiously awaiting you once this health crisis has resolved.

106 Ingall Lane is Up & Ready!
http://bit.ly/BrighamHillEstatesNewConstruction

If you or someone you know is looking to move forward on a home purchase of high-end new construction in a sought after established subdivision that is a great value, I wanted to let you know about an awesome opportunity for a custom Colonial spec house at Brigham Hill Estates…

106 Ingall Lane is Up & Ready!
http://bit.ly/BrighamHillEstatesNewConstruction

This beautiful Colonial home boasts:
4 bedrooms, 2.5 baths
2750 square feet of living
Gorgeous white cabinet kitchen with oversized island to easily seat 6
Butlers pantry and a walk-in pantry
Gleaming hardwood floors
Awesome open floor plan
Amazing screened in porch with recessed lighting, cable, and ceiling fan
Spacious composite deck
Master Suite with spacious walk-in closet and spa-like bath with dual vanities
Additional three great size bedrooms
Tons of closets and storage
Full basement with full windows and roughed for a bath
And the highest quality construction in the area!

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Brigham Hill Estates is without a doubt the premier subdivision in Attleboro.  Currently half way through Phase III, each home has been custom designed with attention to every detail.  All of WB Construction’s homes are custom and designed with our clients and for our clients. No two homes are ever the same. Our subdivision off of Slater Street and bordering Rehoboth features natural gas, granite curbing, side walks, round-abouts, and all underground utilities making it a beautiful place to call home as well as a destination for walkers from near and far.  And the City of Attleboro offers access to two train stations for Boston and Providence Commuters, a vibrant new city center with restaurants and shops, a newly finished River Walk, Capron Park & Zoo, access to Rt 95, walking trails and conservation, and so much more!

106 Ingall Lane is easy to show anytime since it is new construction so give a call 508-930-5259. I’d love to open the door for you or anyone you know to take a tour and hopefully put a deal together. http://bit.ly/BrighamHillEstatesNewConstruction

We also have phase III lots still available with other home styles to consider.  You can bring a plan you have found, revise a plan we have already built, or just come with ideas and we’ll create a custom house plan just for you. Custom building is what we are known for and what we do best!  Please feel free to call anytime 508-930-5259 or e-mail jen.mcmorran@gmail.com with questions or to set up a tour. It would be a pleasure to work with you!

All of my best,
Jen

I’d love to assist with your home search. Whether you decide on new construction at Brigham Hill, we locate another subdivision for you to build, or we find you an amazing existing resale home, I know there is a great property out there waiting for you.

It is my true pleasure to  work hard for my clients and your referrals throughout Massachusetts and Rhode Island.  Please let me know what questions you may have and how I can be of the best assistance to you.

Jen McMorran, Realtor

Jennifer McMorran, Realtor, SRES
New Construction & First Time Home Buyer Specialist
MA & RI Licensed Real Estate Sales Associate
New Homes Team
Kensington Real Estate Brokerage
508-930-5259
Jen.McMorran@gmail.com
www.jenmcmorran.realtor

real people. real estate. 

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Massachusetts & Rhode Island.
Boston – Attleboro – Providence
and the communities in between.

Mortgage Interest Rates at Five Decade Low!

What you do today can improve all your tomorrows.      –Ralph Marston

With mortgage interest rates hovering at near historic lows, now is a great time to look back at where rates have been to truly appreciate where rates are now.

Mortgage rates are now averaging around 3.5%  – they are hovering near a five decade low.  That is right – a five decade low.   And buyers are ready to take advantage of that with mortgage applications up 15% over a year ago.   This is shaping up to be an early and strong spring real estate market in Massachusetts and Rhode Island with mild weather continuing and eager buyers ready to find their next home sooner than later. Interest rates over time

Give a call 508-930-5259 or send an e-mail jen.mcmorran@gmail.com  if you’d like to discuss how now might be the time for you to start your home search.  My team is ready to support and guide you every step of the way from getting pre-approved for your mortgage, finding a home, negotiating an offer, securing a qualified home inspector, and hiring an attorney to review your contracts and coordinate your closings.

Without a doubt, capitalizing on current mortgage interest rates to purchase a home today will absolutely pay off for you as a homeowner tomorrow.  The impact your interest rate has on your monthly mortgage payment can be significant.  Let’s see how we can make current real estate and mortgage market conditions work for you!

It is my true pleasure to  work hard for my clients and your referrals throughout Massachusetts and Rhode Island.  Please let me know what questions you may have and how I can be of the best assistance to you.

Jen McMorran, Realtor

Jennifer McMorran, Realtor, SRES
New Construction & First Time Home Buyer Specialist
MA & RI Licensed Real Estate Sales Associate
New Homes Team
Kensington Real Estate Brokerage
508-930-5259
Jen.McMorran@gmail.com
www.jenmcmorran.realtor

real people. real estate. 

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Massachusetts & Rhode Island.
Boston – Attleboro – Providence
and the communities in between.

Stunning New Construction Home – just waiting on You!

Have you been thinking about buying a new house?

Is this the year to finally upgrade and purchase your dream home?

Mortgage interest rates are back at all time lows – yes, rates are now in the 3’s again!

If you have a house to sell, the spring market is definitely off to an early start with high demand, low inventory, and prices on the rise.

AND, if you have always wanted to purchase high-end custom new construction in a sought after subdivision, you are in luck!  We have a gorgeous 2700 square foot, 4 bedroom, 2.5 bath Colonial at 106 Ingall Lane in Attleboro that is ready for you to tour, fall in love, and write up an offer!

Set in Attleboro’s most desirable subdivision, Brigham Hill Estates, this stunning
WB Construction home offers it all!

Enjoy a gourmet kitchen loaded with cabinets, under cabinet lighting, oversized island that seats at least 6, butler’s pantry with glass front cabinets, walk-in pantry, chef’s grade appliances, and style through and through.Oversized island that seats 6

The kitchen then opens to the dining area and family room with gas fireplace. Hardwood floors gleam throughout the entire space. And as a bonus, this home features a screened in porch off of the dining area complete with ceiling fan, electrical, cable, and access to composite deck for continued outdoor entertaining space. An absolute “Wow”!

106 Ingall Lane screened porch

Upstairs the beautiful master suite boasts an oversized walk-in closet and spa-like bath with dual vanities and exquisite walk-in tile & glass shower. Three additional good sized bedrooms,a full bath with double sink vanity, a dedicated laundry room, and tons of extra storage round out the second floor.

Think you need more space? The full basement offers great light through full-sized windows and has been set up to be easily finished.

106 Ingall Lane is currently being offered for sale at $667,000. Now is the time act before more buyers hit the Spring Real Estate Market with checkbooks in hand ready to buy.

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If you are interested in building a house, we do still have Phase III lots available.  I’d love to take you through 106 Ingall Lane to show you why WB Construction really is the premier builder in the Attleboro, North Attleboro, and Rehoboth areas. You can bring a plan you have found, revise a plan we have already built, or just bring some ideas and we’ll create a custom house plan just for you. Custom building is what we are known for and what we do best!

Brigham Hill Estates truly is the sought after subdivision in Attleboro. All of WB Construction’s homes are custom and designed with our clients and for our clients. No two homes are ever the same. Our subdivision at Brigham Hill Estates also boasts all underground utilities so there is nothing to get in the way of the curb appeal of this community. In fact, Brigham Hill Estates is one of Attleboro’s favorite walking spots with sidewalks throughout, amazing home architecture to look at, and wonderful grounds to enjoy. Our homes are also all energy efficient with natural gas for heating, cooking, and even hook-ups can be installed for nice weather grilling.  Come see how you really can live the good life!

I’d love to assist with your home search. Whether you decide on new construction at Brigham Hill, we locate another subdivision for you to build, or we find you an amazing existing resale home, I know there is a great property out there waiting for you.

It is my true pleasure to  work hard for my clients and your referrals throughout Massachusetts and Rhode Island.  Please let me know what questions you may have and how I can be of the best assistance to you.

Jen McMorran, Realtor

Jennifer McMorran, Realtor, SRES
New Construction & First Time Home Buyer Specialist
MA & RI Licensed Real Estate Sales Associate
New Homes Team
Kensington Real Estate Brokerage
508-930-5259
Jen.McMorran@gmail.com
www.jenmcmorran.realtor

real people. real estate. 

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and the communities in between.

Coming soon to a neighborhood for you!

76 Ingall Lane Under ConstructionComing soon!!
Brigham Hill Estates
76 Ingall Lane, Attleboro
Offered at $624,900 

76 Ingall Lane in Attleboro is well underway on the sought after and last remaining cul-de-sac lot of Phase II in Brigham Hill Estates.  Are you ready?  Because this one could be ready in April!

Surrounded by other amazing custom homes, 76 Ingall Lane is a  2600sf, 3BR, 2.5BA Colonial and will once again offer incredible style and the superior quality that all of our buyers have grown to expect (along with many of the Attleboro area’s best realtors who bring clients back again and again).

Side porch and full walk out basement76 Ingall Lane boasts amazing space for everyone. The main living level features a gourmet kitchen with huge island and open floor plan to dining area and spacious family room with fireplace & built-ins, a formal dining room, a butlers pantry, and a stylish mudroom.  Upstairs enjoy a luxurious master suite, two additional great sized bedrooms, plus a bonus room above the garage for an office, playroom, nursery, hobby room, or just a you-room.  Need more space? You will love the full walk out basement with tons of full sized windows & light, rough plumbing for a future bath, and unbelievable possibilities!!!

Do you enjoy sunsets? Fresh air?  Relaxing and playing in a your yard?  This home sits on a 20,000sf lot that is fairly shallow as you can see from the pictures, but don’t worry!  The charming covered deck off of the kitchen,  beautiful views of greenspace, huge side yard, woods for privacy in the back of the house totally make up for that!

(Stay tuned for more photos as the interior of this home progresses… it is going to be amazing!)

Brigham Hill Estates in AttleboroBrigham Hill Estates has become the destination for buyers searching for high end new construction in an established subdivision of luxury homes.  Whether traveling to the Rhode Island, Massachusetts, or Connecticut by car,  flying out of TF Green or Logan Airport for work and leisure,  or jumping on a train to get into Boston, Brigham Hill Estates is the perfect location to call Home.

Once our homes near completion, they do not last long on the market!  Give a call 508-930-5259 and let’s set up a time to take a tour and talk about how we can make your dream home a reality.

Always happy to be of any assistance to you or anyone you know who is thinking about buying or selling a home. I love to work hard for my clients and your referrals throughout Massachusetts and Rhode Island.

Jen McMorran, Realtor

Jennifer McMorran, Realtor, SRES
New Construction & First Time Home Buyer Specialist
MA & RI Licensed Real Estate Sales Associate
Kensington Real Estate Brokerage
508-930-5259
Jen.McMorran@gmail.com
www.jenmcmorran.realtor

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Brigham Hill Model Home FOR SALE!

Model Home is UP & READY… and the best part,
it’s FOR SALE!!

OPEN HOUSE, SUNDAY 12:30-2:00
Brigham Hill Estates!
Best Value around for New Construction!
 
GPS: 1 Brigham Hill Rd, Attleboro
Directions: Slater Street to Brigham Hill Teaberry to Ingall to Pass Farm Rd.

 

This gorgeous 3000sf, 4BR, 2.5BA Colonial http://bit.ly/67PassFarmRdAttleboroForSale features high end finishes and upscale construction throughout including:

*stunning kitchen with island to seat a whole dinner party, tons of cabinetry, gourmet stainless appliances, walk-in pantry
*kitchen, dining area, and family all open to each other across the back of the home – awesome for entertaining
*formal dining room with french doors and tons of light
*master suite with walk-in closet, en-suite bath with beautiful tile and glass shower
*3 additional good sized bedrooms
*an amazing additional bonus room on the second level with separate staircase
*hardwood floors throughout the first level and up the stairs
*quartz and granite counters
*custom lighting
*built-ins
*gas fireplace
*natural gas heat
*crown molding and wainscotting
*full basement with direct access to the garage and so much more!!
Easy to show by appointment – short notice can work as I am usually not too far away or stop by:
OPEN HOUSE, TODAY, Sunday, 12:30-2:00
67 Pass Farm, Attleboro   (listed as Lot 216)
Brigham Hill Estates

http://bit.ly/67PassFarmRdAttleboroForSale

Directions: Slater Street to Brigham Hill Rd to Teaberry Lane to Ingall Lane to Pass Farm
(67 Pass Farm is at the end of Ingall)

Click the link for info and more photos then contact me 508-930-5259 to schedule a tour!!
http://bit.ly/BrighamHill
Let’s wrap this one up and put a bow on it for you!!

     
​ And if you are interested in building new, Phase III has just opened. http://bit.ly/BrighamHill  We have 20+ lots still available to choose from.  Let’s schedule time to tour our two models – a beautiful 3000sf Colonial  that is up at ready or a gorgeous 2400sf Ranch which also boasts a finished basement for more living space to be completed within 60 days.  Once you see the quality construction and standard high end finishes included, you’ll be ready to make the move.
Give a call 508-930-5259 with any questions or to schedule a showing… love to work with you!!

And if I can ever be of assistance to you or anyone you know who is thinking about buying or selling a home anywhere throughout Massachusetts or Rhode Islane, please be in touch with a call, e-mail, or filling out the contact form below.  I love to work hard for my clients and your referrals throughout Massachusetts and Rhode Island.

Jen McMorran, Realtor

Jennifer McMorran, Realtor
Kensington Real Estate Brokerage
New Construction & First Time Home Buyer Specialist
MA & RI Licensed Real Estate Sales Assocate
508-930-5259
Jen.McMorran@gmail.com
www.jenmcmorran.realtor

real estate for real people.

Serving clients throughout
Massachusetts & Rhode Island.
Boston – Attleboro – Providence
and the communities in between.

Kensington - Jen McMorran

Look no further… build your dream home at Brigham Hill! Model Open Saturday 12:00-2:00

Brigham Hill Estates WelcomeBrigham Hill Estates by Jen McMorran, New Construction and First Time Home Buyer SpecialistTired of searching through listings and waiting for the perfect home to be listed for sale?  Is it time to consider building your dream home and Brigham Hill Estates in Attleboro’s is the community to build it in!  As Attleboro’s premier builder, WB Construction’s custom homes truly set the bar for all new subdivisions in the area.

~OPEN HOUSE, Saturday, April 29~
12:00-2:00

Lot 205/215 Ingall Lane
Brigham Hill Estates
Attleboro, MA

(Directions: Slater Street to Teaberry Lane to Ingall Lane
OR Brigham Hill Rd to Teaberry to Ingall Lane.)IMG_1487

Lot 215 Ingall Lane in Phase II of Brigham Hill Estates will be closing in the middle of May.  Now is the time to tour and start working on the layout, design details, and amenities you would like to include in your new home.

These buyers went with a very soothing and neutral palate in terms of color but the high end finishes certainly shine through.  Their choices create a home that is the perfect backdrop for any furnishings,  fun pops of color, and the warmest of  welcomes to anyone as they step through the front door.  Check out the photo gallery below then stop by the Open House or contact me for a private tour (Jen McMorran 508-930-5259, jen.mcmorran@gmail.com).  It is worth seeing the pride and workmanship that go into these WB Construction homes!  Pricing all based on plans and designs but homes are starting in the high $500’s.

 It is no wonder Phase I is sold out and Phase II only has a few remaining lots.  But don’t worry, Brigham Hill Phase IIIwe have just received approval so to open the next 20  lots on Pass Farm Road which will connect Ingall Lane to Slater Street.

 The Spring 2017 market is exciting but can also be a tough, fast paced time for buyers as inventory of great homes coming on the market tends to be low. When nice homes hit the market, competition for them is high often with multiple offers and above list sale prices.  Building could be a great option to ensure your next home is the right one for you, but I am also very happy to help navigate the current housing market with you in the search for an existing home to purchase.  I cover all price ranges and completely commit to my clients no matter what their budget it is.  (In fact, I love working with first time home buyers and sellers!!)

Jen McMorran Head Shot (2)Jennifer McMorran, Realtor
New Construction & First Time Home Buyer Specialist
(and Antique lover & home owner!)
508-930-5259
Jen.McMorran@gmail.com
www.jenmcmorran.realtor

real estate for real people.

Kensington - Jen McMorranServing clients throughout Massachusetts.
Attleboro to Boston and the communities in between.