It’s time to celebrate Mom!

THIS SUNDAY is Mother’s Day and if you have not already made plans to celebrate your mom, don’t fret, it’s not too late! A fun and delicious brunch to thank your mom over a mimosa or a cappuccino may just be your perfect solution!

Here are some ideas of restaurants in the community to take your mom on Sunday:

Blue on Highland in Needham

The Cottage in Wellesley

3 Squares in Needham

The Pantry in Natick

The Local in Wellesley

Gourmet Decisions in Natick

What’s your favorite Mother’s Day brunch spot?!

A big thanks to all the Mother’s in the community for everything you do!

Local High Schools listed in TOP 25 High Schools in Massachusetts!

One of the MANY reasons people love living in Massachusetts are the outstanding public schools offered across the state, particularly in the Greater Boston area. The List of Top Schools in Massachusetts has officially been recorded, and two schools in our local community made the list! Congrats to Needham High School ranking #11 and Wellesley High School ranking #21!! School rankings are determined by both student-teacher ratio and college readiness, both critical elements to the MassCore program of studies which readies students for the workforce.

Located in Needham MA is Needham High School, which has approximately 1,400 students. Needham HS offers excellent academics and a wide range of co-curricular activities, including and interscholastic athletic program and 50 clubs. 85% of Needham High School students are involved in at least one activity! To see available homes that feed into this top notch school please click here.

Wellesley High School, in Wellesley MA, has a student population of right around 1,500. Wellesley HS offers 60 extracurricular activities in service, academic, student government, and performing arts programs, and over 80% of students participate in at least one program! Click here to see available homes that feed into Wellesley.

And don’t forget that one of the OLDEST high school football rivalries in the county is the Needham Rockets vs the Wellesley Raiders. Come on out this Thanksgiving to cheer on your favorite team!

If you're interested in Buying, Selling or Investing in the Wellesley and Metrowest Communities, give Team Lynch a call or visit our website at: http://www.teamlynchrealestate.com/

Wellesley Real Estate Market Snapshot for the past year.  Email us directly for your home town snapshot, be it Natick, Needham, Weston, or any other town/city in the Metrowest Boston area.

With the doors scheduled to open for the brand new Wellesley High School next February, plans are already in the works to pay tribute to the 73 year old Wellesley High School building, which has been home to so many fantastic memories for many generations of Wellesley residents.  

The inspiration for the event comes from other metrowest towns like Newton and Natick who have undergone similar construction projects in recent years and paid homage to their old schools prior to demolition.

With the real estate occupied by the current building set to become a parking lot for the new school next February.  Wellesley will be dedicating the entire Thanksgiving week this November to honor the old school by bringing home prominent Alumni for a series of seminars. As well as inviting current and former Wellesley athletes, performers, and educators to come and say farewell with dance events, and an open house where participants can buy old uniforms, parts of lockers, or other pieces of their high school past.  And finally closing out the event with a Turn Out the Lights theatrical, musical gala.

All of this will surround the annual Thanksgiving day game against Needham, which happens to be a home game for Wellesley this year.

Look for this to be a widely celebrated community event!

On Friday November 6th it was announced that President Obama and Congress passed new legislation that extends the First-Time Home Buyer Tax Credit of up to $8,000 through April 30th of 2010.  The new legislation also expands the credit to grant a $6,500 credit to current home owners purchasing a new or existing home.  This is no doubt great news, and it’ll be interesting to see how this affects our local market.

The 2009 First Time Homebuyers Tax Credit has received a lot of recognition nationally, and even statewide in Massachusetts for spurring home buyers to get off the sidelines where many had retreated following the banking crises of last October.  NAR (The National Association of Realtors) estimates that the current tax credit has contributed $22 billion to the economy, and approximately 2 million people will take advantage of the tax credit this year.  While there's no denying the effectiveness of the 2009 credit, the effect on our local market was not nearly as significant due to income level restrictions of $75,000 (single filer) and $150,000 (joint filers).  In our local market where the average home prices range from approximately $500,000 in some surrounding towns to upwards of $1.1 million in Wellesley, this left many homebuyers phased out.

So what effect if any will the new legislation have on our local housing market?  There are two very important details to be aware of in the new bill.  One is that the income level has been raised from $75,000 to $125,000 for single buyers and from $150,000 to $225,000 for married couples.  While there is now a cap of $800,000 on the purchase price where there previously had not been, this should still open the door to many more potential buyers in our market.  The second new incentive in the agreement would allow current homeowners to claim up to $6,500 as long as the property they are vacating has been their primary residence for at least five years.  This is significant because it incorporates a large, entirely new profile of buyer, and for those who bought at the height of the market back in 2004 and 2005 and have seen the value of their home decline as the size of their family has grown (I'm speaking from experience here) it provides an incentive as well as some breathing room that could soften the blow of the declined property values.

For people who have been weighing the idea of purchasing a first home or moving from an existing home, now is a great opportunity to take advantage of low interest rates, declined property values, and a significant tax credit.  And this would be a great time to start familiarizing yourself with the local market and gaining that market knowledge.  Click here to sign up for our Free Email Alerts that will keep you informed of homes for sale that meet your search criteria.  Or contact us today at 617-894-5278.