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Category Archives: Boston News

Existing Home Sales to Rise this Year

The National Association of Realtors has recently informed that single family homes are expected to have their best year of sales since 2006. The primary driving factors behind this are increased employment and an improving consumer confidence. While sales have a positive forecast, affordability and low levels of housing inventory look to be continued challenges for this year. Chief Economist for NAR, Lawrence Yun, …

Spring Home Sales Jump 4.4%

Existing home sales experienced their highest pace recently in over ten years. Inventory levels still remain severely low and homes are spending less time on the market according to a recent report from the National Association of Realtors. Total existing home sales, which are completed transactions of properties, increased by 4.4% recently in March which was 5.9% higher than numbers seen a year ago. …

Factors that Affect a Home’s Price

Median sale prices have been on the rise for the past two years now and last summer they reached another all-time high. It is clear that a lot of this has been due to a simple equation of low supply with greater demand. However, what about on a micro level within a specific market? What factors drive the price of a particular home in …

Pending Home Sales Show Significant Increase

Pending home sales have shown an increase in December per a report from the National Association of Realtors. The Pending Home Sales Index, the indicator based off of signed contracts went up by 1.6% to 109 in the month of December from 107.3 in November. Considering this activity the index is now 0.3% higher than December of 2015. Chief economist, Lawrence Yun has shared …

Luxury Real Estate Market Continues to Strengthen

New construction across the United States has tried to open up its scope to target more entry-level buyers yet higher end construction has remained strong. While sales of real estate in the ultra-luxury market of over $100 million have softened, the mid range luxury have continued to be robust. According to a recent report in The Wall Street Journal, sales of homes that were …

Top Neighborhoods in Boston to Watch

Boston is a city full of great architecture with numerous neighborhoods each with their own distinction of culture, amenities and popularity. As we approach the new year, there are five neighborhoods that everyone should be paying close attention to. Why is this? Because changes are afoot in the way of development and growth. Here are the five areas with details about each. Downtown Crossing …

Mortgage Rates See Slight Increase

The 30 year fixed-rate mortgage rate has had a slight uptick to a 3.47% average recently. However, despite this increase, rates are still at all time lows. “This week, the 10-year Treasury yield continued its climb as an increasing number of financial market participants foresee a December rate hike after a series of positive economic data releases,” says Sean Becketti, Freddie Mac’s chief economist. …

Foreign Buyers at Millennium Tower Prove Boston is a W...

Downtown Crossing has become proof to the fact that Boston is a housing mecca for wealthy people from around the world. At the luxurious Millennium Tower, there have been buyers from Hong Kong, Greece, and the Middle East that have been purchasing condos and sometimes in bulk. A recent immigrant from China, Bingyi Chen, who now lives in a townhome in Concord MA has …

Home Prices Hit Record Highs in Massachusetts

Home prices in Massachusetts this past summer have broken records according to reports from recent reports from The Warren Group. We saw the median sale price of a single-family home in Massachusetts in June increase to a record breaking $372,000. At an increase of 1.9% from last year in during the same period, this was the highest monthly median in history for Massachusetts. Over …

Buyer Confidence Fuels Real Estate Sales

Strength in buyer demand and a well performing economy have led to an increase in sales and prices of single family homes and condominiums in May for Greater Boston according to a report from the Greater Boston Association of Realtors (GBAR). May was the 12th consecutive month for increased sales of single family homes with a 17% rise from May of 2015. At 1,240 …

Real Estate Update: Week of May 15th

Maison Vernon offers seven impeccably-designed luxury residences, which embody harmony and balance. Forth Floor These brand new condominium residences with a private deck off kitchen.remain true to their rich heritage, as part of the extensive yet meticulous renovation of this preserved iconic property. These exclusive homes will boast the finest materials and craftsmanship, including hand-carved Italian marble fireplace mantles, imported French oak chevron herringbone …

Record Breaking Residential Building Planned for Downt...

Boston’s horizon is always showing signs of change and at quick rates nowadays with many new development ventures being raised. Boston’s Downtown Crossing is presently preparing itself for its most recent expansion. A New York developer has proposed a 59-story building for the neighborhood that would be record setting as it would surpass the height of the close-by Millennium Tower. Plans for the building …

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