Dennis, MA

Cape Cod Real Estate is great. Today I met with Buyers from New Jersey. They were searching for investment opportunities, and had looked in several areas, in several states. After learning about their goals, interests, and dream list, I arranged a day of property viewing. We met at 1PM. They were intrigued by the the houses they had passed on their way to our meeting place. When they walked over the lawn and saw Nantucket Sound stretched out before them, they stopped, turned to each other, and were amazed. Yes, you CAN find your piece of heaven right here on Cape Cod, at a price you can afford. We viewed 8 properties and are meeting tomorrow for a few second viewings.

Let the Tuttle Team find your piece of Cape Cod:

508-375-1000...any time, every day.

Home for sale in Dennis with private beach on Follins Pond
MLS#21006804 2 bedrooms, 1 bath $300,000.00
Destination Realty Group at William Raveis, 508-503-4435, info@MyDestinationRealty.com

This home for sale in Dennis with private beach on Follins Pond offers year round views of the water on a private dead end road.  Walk, roll or stroll to your private beach that is within a hundred yards of this home for sale in Dennis with private beach on Follins Pond.

If you want to be able to kayak, canoe, swim or soak up the sun in the sand, then this home for sale in Dennis with private beach on Follins Pond is for you. The screened porch extends you outdoor enjoyment into the evening.

This home for sale in Dennis with private beach on Follins Pond has a fireplace in the living room for the time of year when the days are warm and nights are cool.

Follins Pond is a brackish lake that has access to Nantucket Sound by way of the Bass River. This home for sale in Dennis with private beach on Follins Pond is one neighborhood away from a boat ramp, where you can launch your boat and head out to Nantucket Sound.

This proximity allows this home for sale in Dennis with private beach on Follins Pond to be used as a vacation home, year round home or rental property.

Some of the highlights of this home for sale in Dennis with private beach on Follins Pond:

*Very close to the private beach
*Views of the water
*Fireplace
*Screened Porch
*Outdoor Shower
*Yard with room to play

For more information on this home for sale in Dennis with private beach on Follins Pond contact us at 508-503-4435 or Joe@MyDestinationRealty.com

The Trend in Home Sales in Dennis MA - Improving, or...?

Home prices in Dennis on average are falling! On average, they've fallen 7.1% since May of 2009.

The current average listing price of homes for sale in Dennis MA is $580,892, down 5.4% from a month ago. Compare this to the current median sales price of $325,000 - where half of sales are above this amount and half below it.

2 bedroom homes are selling for more compared to a year ago while 3 bedroom homes are still falling in price. Most notably, prices of 2 bedroom homes are up 36.8% since the same time last year while 3 bedroom homes are down 50.6%. Below is a chart of the trend of median prices of homes for sale in Dennis MA over the past year through May 2010:

Dennis Recently Sold Homes

While the number of sales for 2 bedroom homes in Dennis MA are increasing, sales of 3 bedroom homes have been falling steadily since early this year:

Dennis Recently Sold Homes

So what does all this mean? Well, if you're looking for a home in the town of Dennis, you may be able to find a few bargains. While sales overall are increasing slightly, prices of homes are about the same where they were a year ago.

Still, lowball offers won't cut it in a market like this. Sellers aren't in control of the market either, so both buyers & sellers should be reasonable when negotiating. Be sure to contact me, Lew Corcoran, toll free at 1-800-984-3341, when you're looking to get pre-approved for a purchase of your next home. Otherwise you may end up frustrated, disappointed and, unfortunately, perhaps misled.

Trend and Forecast in Mortgage Rates on July 13, 2010 - Improving, or...?

Here are some of the events affecting mortgage rates today:

What Mortgage Backed Securities (MBS) Are Doing Today:

• The price of the FNMA 30-Year 4.0% MBS coupon opened at 101.19 this morning - down 11/32 from yesterday's close.
  
  
• At 9:30 AM, the 4.0% MBS coupon was trading at 101.16 - down 1/32 from its opening.

Remember, on mortgage backed securities (MBSs), as the price goes down, the yield goes up - and so do mortgage rates. But, today is monthly "roll-over" day, so I expect that mortgage rates will be about the same in price this morning as compared to yesterday.

Price Trend in Mortgage Backed Securities:

The chart below shows the price trend of the FNMA 30-Year 4.0% coupon over the past 30 days from 6-13-2010 to 7-13-2010:

Economic Reports, News, and Events Affecting Mortgage Interest Rates Today:

• International Trade Report - the trade deficit for May came in at -$42.3 billion, a little more than the expected -$39.0 billion deficit, and slightly more than the $40.3 billion trade deficit in April. The increase in the trade deficit is attributed to an increase in non-oil imports. The report had no impact on the mortgage market or mortgage rates this morning.

In other news, the Treasury Dept. will be auctioning $21 billion in 10-Year notes today. The Notes are used to finance the massive government debt. If there is a strong demand for the Notes, we should see the bond market move higher (resulting in lower mortgage rates) during afternoon trading. However, a lackluster interest from buyers, particularly international investors, would indicate a waning appetite for longer-term U.S. securities and lead to a broader selling in bonds and mortgage backed securities. The selling of mortgage backed securities could result in higher mortgage rates.

Corporations will begin releasing their quarterly earnings reports today. These earnings reports can heavily influence the stock market. That in turn can have an impact on the prices of bonds and ultimately mortgage rates.

Trend in Mortgage Rates:

The chart below shows the trend in mortgage rates over the past 3 years:

Mortgage Rate Lock Advice:

Mortgage rates are at their historic lows - and haven't been this low since the early 1950s. They could possibly go even lower as the global economic crisis continues. However, the stock market is over sold while the bond market is over bought, and rates could begin to head up soon as the markets begin to correct themselves. As such, I would not risk the chance waiting for lower mortgage rates.

If I were financing a home or refinancing a mortgage today, I would:

• Lock if my closing was taking place within 7 days
• Lock if my closing was taking place between 8 and 15 days
• Lock if my closing was taking place between 16 and 30 days
• Float if my closing was taking place more than 30 days from now

Be sure to check out today's mortgage rates.

Update on Home Sales in Dennis MA Through March 2010

According to Trulia.com, sales prices of homes in Dennis and have fallen 21.1% over the past year. The current average listing price of homes for sale in Dennis, MA is $700,198, while the current median sales price is $375,000.

The median sales price is the price at which one half of the homes sold above that amount, and one half of the homes sold below that amount. Below is a chart of the trend of median sales prices of homes in Dennis, MA, in the past year through March 2010:

Dennis Recently Sold Homes

Below is a chart of the trend of home sales in Dennis, MA, in the past year through March 2010:

Dennis Recently Sold Homes

If you're looking to buy a home or condo in Dennis or in the surrounding area, then search the MLS.