RUSSELL TARASCIO, LLC

04/12/2026

https://www.facebook.com/share/18X7E9M1Uu/

Florida’s home insurance crisis has forced over half a million homeowners to rely on the state’s insurer of last resort, where a little-known legal process favors the company in more than 90% of claim disputes.

03/21/2026

As of March 20, 2026 update, Mortgage News Daily’s daily rate index shows the 30-year fixed mortgage rate at around 6.6%, with only slight day-to-day movement.

The 15-year fixed rate is approximately 6.0%, also relatively stable.

Other average rates include the 30-year jumbo near 6.7%, the 7/6 SOFR ARM around the mid-5% range, the 30-year FHA in the low-6% range, and the 30-year VA also in the low-6% range, all showing minimal changes overall.

01/15/2026

The Market Report for Revere Last 30 Days.

Price Reductions 10
Up 66.7%

Active Listings 151
Down 0.1%

New Listings 23
Down 13.6%

Market Price Range
$130K-$1.19M

Average Sale Price $535K Down 0.7%

Average Days On Market 46

Sold in Revere, MA
Last 30 Days 33.

12/18/2025

What's On The Market in Revere.....

Last 30 Day Snapshot
$538K Average List Price

13 Price Reductions
Up +44.4%

Active Listings
152
Down -2.8%

New Listings
25
Down -27.2%

Market Price Range
$130K - $1.19M

What's Sold in Revere, MA
Last 30 Day Snapshot
33 Homes Sold.

10/01/2025

Government Shutdown & Real Estate: What You Need to Know

If the U.S. government shuts down, many parts of our day-to-day lives can be affected—but for those in real estate, loan processing and closings could face serious delays. Here’s what to be aware of:

🔹 FHA Loans May Be Delayed or Disrupted
FHA (Federal Housing Administration) loans are backed by the government. During a shutdown, FHA staff may be furloughed, which slows or even halts new loan endorsements and could delay closings for first-time buyers who rely on these loans.

🔹 USDA Loans Often Stop Completely
USDA Rural Development loans are directly impacted, and in past shutdowns, no new USDA loans were processed—potentially affecting rural homebuyers and properties under contract.

🔹 VA Loans Still Process, But Slower
VA (Veterans Affairs) loans generally continue with delays, but third-party verifications like IRS tax transcripts or Social Security income confirmations may stall timelines even for VA loans.

🔹 IRS Income Verifications Could Pause
Mortgage lenders depend on the IRS to process Form 4506-C for income verification. If IRS operations shut down, this affects all mortgage types, including conventional loans—not just government-backed ones.

🔹 Social Security & Other Federal Checks May Be Delayed
If lenders need to verify federal benefits or Social Security information, those systems may also be slowed or unavailable during a shutdown.

⸻

🏡 What This Means for Buyers & Sellers:
Delays in loan processing mean potential delays in closings. Some buyers may lose rate locks, sellers may experience backup in their moving plans, and contracts may need timeline extensions.

For any of your Real Estate questions, whether selling or purchasing, call, text, or email me at 781-853-7183 or [email protected]

09/04/2025

SELLERS.
Before any potential BUYERS enter your home, they have already begun forming an opinion. Small upgrades can make a big difference:

Add a fresh coat of paint to the front door

Keep the yard tidy with trimmed shrubs and flowers

Replace outdated outdoor light fixtures.

A clean, staged home often sells faster and for more. First impressions matter!

For Buyers: Get your mortgage pre-approval early. It gives you confidence and helps you make stronger offers.

For more tips on selling your home quickly & for maximum value call/text/or email me at 781 853 7183 [email protected]

07/27/2025

Greater Boston's housing market reached new heights last month, with the median price for a single-family home topping $1 million.

Why it matters: The higher home prices climb, the less feasible homeownership becomes for Boston-area residents, housing advocates say.

That problem is likely to worsen as Massachusetts fails to expand housing production — and with it, affordable housing options — to meet demand.
Catch up quick: The Greater Boston Association of Realtors announced last week that the local housing market reached the $1 million milestone in June.

"If you needed any more evidence that Greater Boston was one of the most desirable areas of the country to live, you just got it," Mark Triglione, president of the association, said in a news release.
The median price for a condo was $725,000 in June, down 3.3% from May and the previous year.
Zoom in: Median single-family home prices had been ticking toward seven digits since April, even as more homes stayed on the market longer, per the GBAR.

Some homebuyers believed they'd see prices drop as a result, "but the data and buying behavior continues to defy that notion," Triglione said.
Reality check: A family would need a down payment of $200,000 to buy a home without paying extra for private mortgage insurance, and that doesn't take into account the extra costs tacked on, including closing costs, HOA fees, utility bills and expenses for repairs.

For many Boston-area residents, that price is out of reach. The city's median household income in 2023 was $94,755, per census data.
Meanwhile, half of tenants spend more than 30% of their monthly income on rent (one-fourth spend more than half).
What they're saying: That $1 million mark suggests that "Boston is no longer for the people we serve," Symone Crawford, executive director of the Massachusetts Affordable Homeownership Alliance, tells Axios.

"We're being pushed out."
Other housing advocates point to the increase in corporations buying homes and a lack of foreclosure protections and other homeowner and rental protections as factors driving housing costs — in addition to the supply crunch.

A 2023 Metropolitan Area Planning Council report shows 21% of residential properties sold between 2004 and 2018 were bought by an investor.
Homes for All Massachusetts, City Life/Vida Urbana and other groups are working with community land trusts to buy more homes to make them permanently affordable, says Carolyn Chou, Homes for All Massachusetts' executive director.
The other side: Dino Confalone, a real estate agent with Gibson Sotheby's International Realty, says it all comes down to supply.

"Production across all price points is the only solution in Greater Boston to satisfy demand and bring down overall costs," he tells Axios.
The bottom line: It's a seller's market in Greater Boston, and that's not likely to change anytime soon.

07/01/2025

In Massachusetts, home prices in June 2025 are generally seeing a stable or slightly increasing trend with some areas experiencing a faster growth rate. While higher mortgage rates have cooled buyer demand in some segments, low inventory levels continue to drive competition, particularly in mid-range price points.
Statewide Median Price:
The median home price in Massachusetts is around $750,143, reflecting a 4.0% year-over-year increase.
Price Appreciation Slowdown:
While prices are still rising, the rate of increase has slowed compared to the rapid gains seen in previous years when interest rates were lower.
Inventory:
Inventory levels remain tight across much of the state, with many areas seeing a competitive market, especially for well-priced, move-in-ready homes.
Buyer Activity:
Despite higher interest rates, active buyers are still present, particularly those looking in the mid-range price points, according to a real estate update from Instagram.
Boston:
Boston home values are up 4.4% year-over-year, with an average of $739,121.
Worcester:
Worcester's median home price has increased by 7.8% to $443,717, making it one of the fastest-growing markets in the state.
Lower Cape Cod:
In the Lower Cape Cod area, the median sale price in March 2025 was $661,500, indicating stability, while the median list price in April 2025 was $799,450, suggesting sellers still have confidence in property values.
Negotiation:
Buyers are still finding opportunities to negotiate, with a percentage of homes selling below the list price.

06/05/2025

RT LLC has joined, and is very pleased to announce, a new affiliation with Sue Palomba's
MANGO REALTY, INC
38 MAIN STREET
SAUGUS, MA 01906.
There are 3 other offices, 1 in Everett, MA & 2 in Rockport, MA.
Whether you wish to SELL or PURCHASE property, or simply have any questions, as always, please feel free to refer your friends/family, or contact me personally at 781-853-7183 for all your Real Estate needs!
My goal is, & always has been, to treat all my clients as if they were my own family, striving to make sure they receive maximum value & satisfaction for their transaction!

11/25/2024

Home prices in Massachusetts were up 3.2% year-over-year in October. At the same time, the number of homes sold rose 10.0% and the number of homes for sale rose 18.4%.
Are house prices dropping in Massachusetts?
In October 2024, 49.4% of homes in Massachusetts sold above list price, down 5.8 points this year. There were only 30.9% of homes that had price drops, up from 30.0% of homes in October last year. There was a 100.9% sale-to-list price, down 0.93 points year over year.