When Marc Draisen, one of the more mild-mannered public servants out there, has taken to calling their actions “shameful,” you know the NIMBY minority on the Salem City Council has stooped to a new low.
An opportunity for first-time buyers to find houses priced below market value is presenting itself in a number of places across the country – so long as they’re not looking in much of Greater Boston.
According to a survey by the National Association of Home Builders, the pandemic all but shut down remodeling. But with inventory low due to the pandemic, could stuck homeowners start eyeing projects?
It may be too early to forecast exactly what lies ahead for the housing market once COVID-19 passes into the history books. But at this point, the sector seems poised to retake its place in leading the economy back from the coronavirus-inspired recession.
This may very well turn out to be the shortest and strangest real estate downturn in history, thanks in part to the economic inequality that has kept most workers in layoff-hit industries from ever being able to buy a home.
Much has been written about government abuse during the COVID-19 pandemic. But it seems some homeowners are scamming the system, as well.
Whether you want to buy now, while the pandemic rages on, or wait until the all-clear is finally sounded by medical professionals, it’s smart to line up your financing as soon as possible.
Overnight, deluxe high-rises like the 60-story One Dalton and its $34 million, 7,500-square-foot penthouse have seemingly become an icon of a soon-to-bygone age.
Just as quickly as the COVID-19 pandemic bolted across the country, that’s how fast the financing situation has changed for homebuyers. And whether the mortgage market will return to “normal” once the scourge subsides is anybody’s guess.
Framingham’s City Council looks at 1,400 new apartments downtown and sees not new life, new residents and a newfound vibrancy, but rather trouble ahead in more traffic on city roads and more students in city schools.
For all the personal and financial damage the coronavirus pandemic has caused, it has also given new impetus to what had been a slow-moving trend toward healthier homes. And it’s easy to see why.
Despite the uncertain fallout for the housing market, one thing is not likely to change: The Bay State’s dubious title as one of the most expensive places in the country to buy a home or condominium.
Title companies are pulling out all the stops to get deals closed during the COVID-19 pandemic. But they say the best way to close – not just during the outbreak, but moving forward – is electronically.
The new South Coast line and it’s 90-minute end-to-end journey will suddenly open up the region’s mix of outer suburbs, old industrial cities and rural towns – and their significantly lower home and condo prices.
Some of the biggest real estate players in the Boston area and around the country are pounding their chests and proclaiming from the rooftops the prowess of their business models and the size of their cash reserves.
New and existing houses aren’t selling like they were prior to the pandemic. But people are still transacting.
Even as Zillow, Redfin and Opendoor recently put their cash-for-home ventures on ice, HomeVestors recently announced it will keep making cash offers for homes in the Boston area, coronavirus be damned.
If you are intent on buying a home during the pandemic, obtaining an appraisal shouldn’t stand in your way. But procuring a home inspection may be another question.