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23% of users found this useful:Sales plummet for single-family homes in Mass.The sour news was announced Tuesday by the Massachusetts Association of Realtors, but the situation seemed less grim in Lynn where sales merely slowed.During January, the sale of 2,345 homes represented a 21 percent drop from the same month a year earlier, and marked the lowest January total since 2,332 homes were sold in the first month of 1996.While condominium sales rose 2.5 percent in January compared with the same month in 2005, the gain was comparatively incremental, according to the Waltham-based association.In Lynn, the mood among real estate agents was "back to normal" versus business at a level that became a sellers' market over the past three years.Don Baker, owner of Don Baker Real Estate, said the downturn starts with the overall state economy and ultimately impacts the housing market. "We have a governor that's never here, and a president who is never here, either, and of our two senators, when was the last time one of them was in Washington to vote on anything? So that kind of behavior sets the tone for the whole state. Nobody is watching the ship," said Baker, adding that Lynn is fortunate to have a mayor who shows up for work each day."I'd say the market for single-family homes has stabilized. If something is priced right, it takes up to 3-4 months to sell. That's what the normal market used to be, but then over the past three years it has been a sellers' market. Put it on, and bang, it would sell."While single-family homes are taking longer to sell ...Mortgage BlogMichigan mortgagePage Excerpt: Greg McBride of Bankrate. com says there will be least one or two more short-term hikes. Option one mortgagePage Excerpt: "We don't think this is the right thing. We think the Transportation Trust Fund needs a new source of revenue. Exclusive mortgage leadsPage Excerpt: CBC NewsRates on shorter-term mortgages rose on Tuesday as some of the country's big banks boosted borrowing costs by as much as one-fifth of a percentage point. Royal Bank raised its six-month open mortgage by 0. Home loan mortgage refinance loanPage Excerpt: bank was a relatively small player. The larger lenders aren't likely to adjust rates by such large margins as overall loan growth in Singapore remains weak and interbank rates have probably peaked for now. Mortgage refinance ratesPage Excerpt: Then the calculator figures how much of that payment goes toward principal, and how much is consumed by interest and other fees. While the calculation of interest and fees is fairly constant, companies program their calculators with very different assumptions about how much of your income is safe to spend on housing costs.Latest refinance Comments