Housing Scene

A Banker & Tradesman Residential Real Estate Blog

Home Equity Loans Are Back In Style

Home Equity Loans Are Back In Style

An article posted on realtormag.com last week reports that more homeowners are tapping into their home equity. Loan originations rose 8 percent to almost $46 billion in the second quarter of 2017, the highest level since 2008, according to Equifax.

Robots Want Your Job

Robots Want Your Job

There are legions of brilliant and well-funded engineers working hard at this very moment to invent robots that will take over your job. Mine too.

Sold In A Day (After Six Months Of Work)

Sold In A Day (After Six Months Of Work)

A cursory glance at the sales data for Massachusetts’ top selling residential property during the last week of May is impressive. Michael Carucci listed and sold 150 Heath St. in Brookline for $7.5 million in a single day. Fast, easy money, right?

GeoHome: Entry Level Market Sizzles While Top Tier Cools

GeoHome: Entry Level Market Sizzles While Top Tier Cools

The market tightness index, calculated from data including list price, sale price and time on market, not only measures a seller’s bargaining power, but also has a short-term house price predictive power. In other words, tracking the ups and downs of market tightness can help predict the trend of price in the following one to eight quarters.

Real Estate Agents Adding Snapchat To Social Media Marketing

Real Estate Agents Adding Snapchat To Social Media Marketing

When I first heard that forward-thinking real estate agents are starting to use social media tools like Snapchat for marketing, it sounded strange – and then familiar. Snapchat is largely associated with teenagers and people in their early 20s sending photos or short videos to one another. The images become inaccessible 10 seconds after...
TRID: So Far So Good

TRID: So Far So Good

I’ve spent an inordinate amount of time talking to people about TRID in the last year. I learned what it was supposed to do, what it all means, what people were doing (or not doing) to prepare for it. Now that the industry has been operating under the new rules for nine months and...
A Tale Of Two Condos

A Tale Of Two Condos

Two condos, both very close to the Charles River but on opposite sides, sold during the third week of May for just over $7 million (with no mortgages, by the way), but the stories of those sales could hardly be more different. The first, located at 245 Commonwealth Ave. in Boston, is a newly-renovated, four-bedroom, five-bathroom...
Free Rent For A Good Cause

Free Rent For A Good Cause

As we’re all aware – and as the Estately graphic that went around yesterday makes abundantly clear – rent in and around Boston is rapidly rising out of the reach of most would-be city-dwellers

In Today’s Real Estate Market, Timing Is (Almost) Everything

In Today’s Real Estate Market, Timing Is (Almost) Everything

Historically, each real estate boom has ultimately become a bust to some degree. What goes up in real estate usually goes down. The degree of “down” almost always depends on the intensity and corresponding speed of price increase on the “up” side. Generally, if the up side is gradual, the down side will be...
Is Your Home Near A Landfill? If You Live In Massachusetts, Probably.

Is Your Home Near A Landfill? If You Live In Massachusetts, Probably.

Massachusetts, one of the most populous states in the U.S. and with the longest settlement, has a lot of houses near waste landfill – from active, inactive to closed. GeoHome, a big data startup for real estate, ran an analysis combining The Warren Group’s housing data, land use survey history and information from the Environmental Protection Agency, and found the following interesting patterns.

Home Sales Surge In Second Half Of 2015, Reflect Strong Overall Economy

December 2015 single-family home sales in the Bay State showed a 16.6 percent growth over December 2014 (from 4,214 to 4,913). The month capped off a strong 2015, which saw sales increase from 49,327 to 54,523 year over year – a 10.5 percent increase, according to data from The Warren Group, publisher of Banker...