Weekly Market Report for Boston Real Estate Market 3-15
The FED leaves rates UNCH. Prime Rate at 3.25% and Fed Funds rate at .25%
Housing / New Permits fell 5.9% in February.
Consumer Price Index in February was UNCH, the core CPI which excludes food and energy rose .1%
The Core CPI up 1.3% in the past year. Smallest gain in 6 years.
DOW closed at 10,742. NASD closed at 2,374. Crude Oil hits $80.64.
30 YR Fixed Rate Average 4.91%
15 YR Fixed Rate Average 4.24%
Merrimack Valley Real Estate Stats. Last month 107 properties Under Agreement and 87 SOLD.
Compared to 1 year ago there was 66 SOLD which mean sales are up 20% from last year this time.
Stocks to watch RIMM, VLO, CSX, BIDU
Virtual Media Realty is one step closer to becoming one of the most innovative Real Estate Companies to enter the Boston Real Estate Market. Everything has been filed with the state and the final stages of approval are underway. Virtual Media Realty will offer Real Estate Services in the Greater Boston Area as well as all points north, south, east, and west throughout Massachusetts. Leveraging heavily off of technology, the Internet, Video, and live interation, VMR will offer their Buying and Selling Clients a unique experience that no other Real Estate Office in the country offers – Real Time Interaction with VMR agents. This is totally unheard of in todays market, a time where it is difficult for agents to even pick up phones.![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=b2569c0a-1d8f-458a-a92e-73cf4c351ca5)
