T. Jay Johnson Jr. - Lamacchia Realty, Inc.



Posted by T. Jay Johnson Jr. on 1/17/2020

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 Photo by Gerd Altmann via Pixabay

As 2019 draws to a close, people aren't just turning the page on a new year but also a new decade. With a new decade comes new trends in the real estate industry. The 2010s were a time of drastic shifts in the real estate market. This new decade is sure to be more of the same. As a result, there are a few trends for 2020 that everyone should note.

What the Current Generation Desires

While there are people of all ages looking for houses, the majority of people currently looking for homes are members of the millennial generation. Many of these individuals and families are buying a home for the first time. Many members of this generation are looking for something specific in their home. This might be a laundry room, patio, or additional space in the garage. This also means that many people looking for homes care more about these features than they do about the overall size of the home.

Home Prices are Rising Slowly

When the real estate market crashed about ten years ago, many people were concerned. Fortunately, home prices have rebounded since then and the market has stabilized. For now, home prices are continuing to rise; however, they are rising slowly. This means that those who are looking to establish equity in their current home will continue to do so. This also means that anyone who is looking to buy a home might be able to find the house that is right for them at a discounted rate.

Mortgage Rates Remain Low

In addition, mortgage rates are remaining low as well. Mortgage rates bottomed out a few years ago and haven't changed significantly since then. This has led to a boom in the number of people looking to buy a home, providing advantages for both buyers and sellers. Some people thought that with the rapid rise in the number of people buying homes, mortgage rates would start to climb. This hasn't been the case. This is another reason why many people looking to buy a home should try to act quickly. Mortgage rates cannot go much lower.

More Work is Done Online

With more millennials looking to buy a home than ever before, it should come as no surprise that more of the work is shifting to the internet. More people than ever before are looking at listings online. As a result, anyone looking to sell a home should make sure the information on their online listing is accurate. Furthermore, people looking to purchase a home should also check out the internet listings. Of course, make sure to verify that anything posted online is accurate before acting on it!




Categories: Uncategorized  


Posted by T. Jay Johnson Jr. on 12/6/2019


31 California Ave, Fitchburg, MA 01420

Fitchburg

Single-Family

$225,000
Price

6
Rooms
3
Beds
1
Baths
NEW YEAR...NEW HOME. Come see this remodeled home in a nice LOCATION. Many updates including....New ROOF, New SIDING, New HEATING SYSTEM w/ 95 percent efficiency rating, Upgraded ELECTRICAL, New KITCHEN w/stainless appliances, and New BATHROOM. TILE FLOORING AND GRANITE COUNTERTOPS. Fresh PAINT throughout and NEW CARPETING in all bedrooms. Nothing to do here but move in. Seller offering up to $5000 CLOSING COST CREDIT.
Open House
Saturday
December 07 at 11:00 AM to 12:30 PM
Cannot make the Open Houses?
Location: 31 California Ave, Fitchburg, MA 01420    Get Directions

Similar Properties





Categories: New Homes  


Posted by T. Jay Johnson Jr. on 12/6/2019


31 California Ave, Fitchburg, MA 01420

Fitchburg

Single-Family

$225,000
Price

6
Rooms
3
Beds
1
Baths
NEW YEAR...NEW HOME. Come see this remodeled home in a nice LOCATION. Many updates including....New ROOF, New SIDING, New HEATING SYSTEM w/ 95 percent efficiency rating, Upgraded ELECTRICAL, New KITCHEN w/stainless appliances, and New BATHROOM. TILE FLOORING AND GRANITE COUNTERTOPS. Fresh PAINT throughout and NEW CARPETING in all bedrooms. Nothing to do here but move in. Seller offering up to $5000 CLOSING COST CREDIT.
Open House
Saturday
December 07 at 11:00 AM to 12:30 PM
Cannot make the Open Houses?
Location: 31 California Ave, Fitchburg, MA 01420    Get Directions

Similar Properties





Categories: Open House  


Posted by T. Jay Johnson Jr. on 11/29/2019

This Land in Fitchburg, MA recently sold for $16,500. This style home was sold by T. Jay Johnson Jr. - Lamacchia Realty, Inc..


Lot 12-13 St Peter Street, Fitchburg, MA 01420

Land

$29,900
Price
$16,500
Sale Price

0.22
Acres
Residential
Land Type
Potential building lot for your new home. Located in an established neighborhood with access to highways, shopping, parks, schools, and more.






Tags: Fitchburg   Real Estate   01420   Land  
Categories: Sold Homes  


Posted by T. Jay Johnson Jr. on 9/24/2019


Lot 12-13 St Peter Street, Fitchburg, MA 01420

Land

$29,900
Price

0.22
Acres
Residential
Land Type
Potential building lot for your new home. Located in an established neighborhood with access to highways, shopping, parks, schools, and more.
Open House
No scheduled Open Houses






Tags: Fitchburg   Real Estate   01420   Land  
Categories: New Homes