Housing Scene

A Banker & Tradesman Residential Real Estate Blog

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...
The Story Behind The Numbers

The Story Behind The Numbers

For the first time, The Warren Group has partnered with GeoHome to analyze the firm’s real estate data to determine where Chinese investors are buying in Massachusetts – and what they’re buying when they do. More and more Chinese want to buy houses to invest, a trend similar to Japanese buyers in the 1980s....
Quarterly Homeownership Program Index Debunks Five Down Payment Myths

Quarterly Homeownership Program Index Debunks Five Down Payment Myths

Today’s guest post comes from the team at Down Payment Resource, an Atlanta-based company that connects homebuyers, Realtors and lenders with resources to get buyers into homes. Atlanta-based Down Payment Resource, the nation’s only databank for homebuyer programs, released its Third Quarter 2015 Homeownership Program Index. The volume of programs increased to more than...

4 Factors That Decide Whether You Should Be In A Condo Or A House

Today’s guest post is by the Houses.com Team. A few decades ago, one could safely assume that the universal “American Dream” was still intact – that virtually everyone would love a nice quiet place in the ’burbs with the white picket fence, the Golden Retriever and the kids playing out in the yard. These...

Of Ponies And AVMs

Despite having reported on it for several years now, there are still plenty of times when I don’t understand the real estate industry. One of them came again this afternoon, reading an article by the “Demon of Marketing” on Inman. With the news of the Zillow/Trulia merger finally getting green-lit this week, there’s been...

At Inman Connect, the online battleground is laid out

I’m attending the Inman Connect conference in New York this week, and so far it’s been interesting, taking the temperature of the industry as it’s in a moment of transition, with some big outside forces set to shake it up. With Trulia and Zillow due to merge in the very near future, and Murdoch’s...

An End Run Around Judicial Foreclosure?

I caught sight of an interesting post on the Credit Slips blog earlier today. Law professor Nathalie Martin of the University of New Mexico reports that some lenders in her state may be trying to find a way out of the state’s strict judicial foreclosure laws. The upshot is, she’s saying that some lenders...

Murdoch Strikes, But Can Zillow Take The Blow?

Rupert Murdoch — well, more likely his lieutenant, new Move CEO Ryan O’Hara — has made his first sally in the war against Zillow/Trulia: In April, the listing feed Zillow receives from Move subsidiary ListHub will be cut off, depriving the site of hundreds of thousands of listings. Not at all coincidentally, Zillow has...

Zillow in Talks to Buy Trulia?

Real estate portal Zillow is said to be in talks to purchase rival Trulia, Bloomberg reports. Combined, the two firms account for 75 percent of web traffic to real estate sites, according to web tracking firm ComScore. The rumored deal, which is still being negotiated, could value Trulia at as much as $2 billion....

Could Foreign Buyers Be Driving Boston Prices?

James Surowiecki at the New Yorker has a really interesting column up this week about the effect of the global rich on local real estate markets. Surowiecki points out that the most expensive housing market in North America right now isn’t San Francisco or New York – it’s Vancouver, because the stable Canadian real estate...

Robosigning Woes Alive and Well In the Bay State?

A new case came down from the state’s appellate court yesterday (it can be found here, with a couple clicks, although that’s only a temporary resting place) that looks like it could have a couple interesting wrinkles for local foreclosure law. I’m in the middle of rounding up some legal experts to run over the...

Would Zillow really gain anything by acquiring Move?

Sam DeBoard had an interesting piece the other day at Inman about Zillow and Move in the aftermath of two key Move execs jumping ship to their competitor (which I blogged about here). He speculates that maybe Zillow’s next move should be to acquire Move outright, eliminating one of their two chief competitors at...

On the Move vs. Zillow Executive Exit Affair…

I have two questions: 1) When appointing a new head of industry relations leads to you getting sued by the trade association for that industry, does that count as a bad hire? 2) If a key executive departs for a competitor and you quickly promote someone internally to replace them….and then the replacement also...

Dearly Departed Disclosures

The economics professor and blogger Tyler Cowen has a series of posts on how there’s Markets In Everything. This here blog might have to launch a similar feature on how there’s Real Estate Search Sites for Everything. Plenty of sites will tell you how to find a pad where everything’s in walking distance or...

Sunny day, sweepin’ the clouds away….

Everyone knows that good picutre can make or break a listing, and of course perhaps the essential ingredient of a good picture is proper lighting, both indoors and out. There’s nothing like a flickering flourescent bulb to make that lovely basement rec room look like a serial killer’s dungeon, and nothing like a iron-grey sky to make that spacious...

The Heat Is On For DeMarco?

Martha Coakley may have been early to the party in announcing her disdain for the man last month, but it looks like she’s got company in wanting Federal housing chief Ed DeMarco to hit the tracks. Several state attorneys general are pushing for DeMarco’s outster, and a coalition of housing advocates is on their...

Putting your money where your mouth is….

Gahlord Dewald has a interesting column up at Inman today where he outlines a method whereby — gasp, shock, horror — one could actually put a dollar figure on the value of one’s social network. The method is a little involved. You’d have to coallate metrics from a number of different services, as well...

What’s driving the short sale inventory squeeze?

Redfin — as is quite often the case — has another interesting post on their corporate blog about real estate data. Their numbers this month are about the continuing decline in inventory — down 18 percent compared to last year at this time. Everything I’m hearing from brokers and agents is that spring has...