Residential Real Estate
Report Pours Cold Water on ‘Silver Tsunami’ of Inventory
A new survey, raises questions about whether seller’s agents and housing policy experts can look to seniors for a fresh pulse of housing inventory just as Millennials are in their prime homebuying years.
Second Home Demand Rebounded in September, Buoying Cape Market
Nation-wide demand for second homes rebounded in September at the same time as Cape Cod real estate observers say buyer demand stayed strong last month as the Delta variant gave remote workers a reprieve from changes to companies’ work-from-home policies.
Lawrence’s Oldest Mill Building Cleared for Apartment Conversion
WinnCompanies will break ground early next year on a $34 million residential conversion of Lawrence’s oldest mill building after receiving the final piece of its financing package.
Homeowners Stunned By Oil Tank Liabilities
A law that took effect in 2010 required insurers’ to make coverage available for heating oil spills, provided that the homeowner meets prescribed guidelines around the upkeep of the tank. But lawmakers say next to no homeowners know insurance is available for costs that can easily run into the hundreds of thousands of dollars.
Zillow Research: Boomers Helped Drive 2020 Demand Surge, Too
It’s been common knowledge since mid-2020 that Millennials were the big reason the Massachusetts housing market has been going haywire. But new research from Zillow suggests the blame get spread around to include Baby Boomers.
Zillow’s iBuyer Won’t Sign Any New Contracts
Facing staffing shortages and supply chain problems, Zillow says its Zillow Offers iBuyer service won’t sign any new contracts to buy homes through the end of the year.
Single-Family Home Sales Kept Sliding in September
As inventory levels across Massachusetts continued to shrink, the median sale price for both single-family homes and condominiums climbed in September on a year-over-year basis, according to a new report from The Warren Group, publisher of Banker & Tradesman.
Homebuyers Have Rare Chance to Save
For the next 60-odd days, some homebuyers have an unusual opportunity to find financing at a tad lower cost.
Is Anyone Reading Their Documents Before E-Signing?
Digital signatures have made signing the reams of transaction paperwork virtually painless. The ease of signing digitally, however, has created a whole set of different issues that agents, brokers, and lenders must monitor in order to keep their documents secure.
Raveis Launches Cash Offer Product for Homebuyers
William Raveis Inc. has launched a new service it says will help buyers compete with all-cash offers in an incredibly tight real estate market.
Administration Outlines Options to Control Climate Risk in Mortgages, Banking
The report lays out steps that could potentially alter the mortgage process, stock market disclosures, retirement plans, federal procurement and government budgeting.
Allston Labs, Doyle’s Redevelopment Approved by BPDA
New developments will bring a major life science presence to Lower Allston, a 1 million-square-foot expansion of Massachusetts General Hospital and a next chapter for an iconic Jamaica Plain gathering spot under approvals by Boston Planning & Development Agency officials.
Boston-based DepositLink Joins eXp Program
Boston-based financial technology firm DepositLink has joined the eXp Partner program, making its real estate payments platform available to eXp Realty’s network of agents.
Boston Shrinks Parking Requirements for New Developments
Large developments in Boston will qualify for lower parking requirements under new regulations announced by Acting Mayor Kim Janey.
Fed Officials: Bond-Buying Could End by Mid-2022
Federal Reserve officials are signaling moves that could send mortgage interest rates up next year, potentially curtailing strong housing demand.
First Bay State Hotel-to-Housing Conversion Begins
A former Brockton hotel is being converted into apartments for formerly homeless people under a project receiving $5.3 million in financing from MassDevelopment.
New Tenant Right-to-Purchase Bill Heard on Beacon Hill
After Gov. Charlie Baker vetoed the state legislature’s previous attempt last year to guarantee apartment tenants the right to purchase the building they’re living in, senators and representatives are back with a revised bill they say addresses some industry concerns.
Criterion Sells Alewife Apartments for $175M
Criterion Development Partners has pocketed $174.6 million from the sale of a 320-unit apartment complex near the MBTA’s Alewife Station.
Greater Boston Monthly Rent, Mortgage Payments Hit Parity
With the rental market strengthening in Greater Boston, the median monthly rent and the monthly mortgage payment on the median newly-bought home are nearly equal, according to a National Association of Realtors analysis.
Secure Winter Curb Appeal, From the Top Down
The number of houses for sale is beginning to increase, bidding wars are not as prevalent, and the housing sector is moving into what are normally the slower fall and winter months. So, sellers need to be doing more to attract the attention of would-be buyers.
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