The biggest question for the real estate market across the country is how will the historic jump in interest rates affect home sales for 2023?
Several veteran local real estate agents answered that question, and provided their outlook of the JP market. Before diving into numbers, one thing remains true. “Jamaica Plain remains a desirable Boston neighborhood,” said Constance Cervone of Cervone + Deegan and Associates at Coldwell Banker. But the market is shifting due to the economic outlook, interest rates, and COVID remains an issue, said Cervone.
The big thing to look at, is indeed the effect of the interest rate. Interest rates doubled in 2022, going from the low 3% range in January for a 30-year fixed rate mortgage, and peaking in October to the low 7% range.
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On Saturday there will be a self-guided Gardens of Jamaica Plain Walking Tour. The tour starts at the beautiful gardens of the Loring Greenough House at 11 am. At the Loring Greenough House you can check out the flowerbeds and then grab a map to continue on your way around the neighborhood. The tour is on July 9, from 11 am to 1 pm and costs $10. This event is part of the Gardening Together series sponsored by Cervone Deegan + Associates.
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Longtime Jamaica Plain residents Janet Deegan and Constance Cervone of Cervone Deegan + Associates at Coldwell Banker know how important it is to support local businesses. They purchased gift cards from 35 of the shops and restaurants and cafes on Centre Street, and gave a gift card to clients who wanted to participate in a drawing. Participants were guaranteed to get a gift card, but they didn't know which business. "The win-win as we saw it was an effort to support the local businesses during the pandemic," said Cervone. "It was great fun buying the cards knowing we were doing a small tangible good for the businesses and we had even more fun delivering them to thank our clients for doing business with CDA."
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Local company Cervone Deegan & Associates went from selling real estate to pies this past weekend at City Feed for a good cause. In total, $1,100 was raised for local Jamaica Plain nonprofit Community Servings. Thirty-six pies were sold, and several donations were provided to Community Servings' Pie In The Sky 27th Annual Thanksgiving Bake Sale. Every year restaurants, bakeries, caterers, and hotels donate thousands of pies that 500 volunteers such as Cervone, Deegan & Associates then sell to family, friends, neighbors and colleagues. The money goes to provide thousands of medically tailored, made-from-scratch meals for individuals and families who are too sick to shop or cook for themselves from Community Servings.
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Join Cervone Deegan & Associates on Thursday, June 7th to celebrate local artist Ruth LaGue in an exhibition of her paintings. The event will be held at Coldwell Banker Office, located at 713 Centre Street, Jamaica Plain. Enjoy some refreshments while socializing and viewing the art. Landscape in its barest form. Ruth LaGue grew up in Alaska, awed by the incredible vastness of the wild landscape and gazing at the expansive skies and majestic mountains as a girl.
