Housing SceneA Banker & Tradesman Residential Real Estate Blog
Today’s guest column comes from the Massachusetts Association of Community Development Corporations with a call for year-end donations to benefit local CDCs
If there is one thing that 2017 has taught us, it’s that uncertainty is certain. From international dealings to domestic policy, no time has been as uncertain as now. There’s no exception when
The beginning of this month may have marked a turning point in the unending river of optimism about home price appreciation in Greater Boston.
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.
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.
In bad old days before the subprime loan crash, almost anyone who could fog a mirror could qualify for a no-doc mortgage.
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?
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.
In his recently released special report, Boston Realtor and real estate writer David Bates analyzes the first 425 sales in Boston’s 442-unit, Millennium Tower from every angle, resulting in
In the second quarter of last year, the Census Bureau reported the rate of U.S. homeownership dipped to 62.9 percent, the lowest level since 1965. But by the end of the fourth quarter, the homeownership rate had rebounded to 63.7 percent.
Zillow released an interesting report this week: The nationwide property information firm studied dozens of metropolitan areas and determined that listing a home in late spring yields a higher sale
Recently rent prices in Boston have begun to drop moderately, for the first time since the recovery began in 2011. GeoHome, a real estate big data startup, shares its predictions for the 2017 market.
This post is slightly meta, but today I thought I’d blog about blogs.
TRID turned one year old last week. If there was a party, this newspaper did not receive an invitation.
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...
Since the horse race to elect our 58th president dominates much of my Twitter feed, I thought I’d do a little research on how it impacts the other thing major feature of my feed: residential real estate.
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...
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...
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
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...