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Category Archives: Boston News

2017 New Home Sales Spark Future Growth

The real estate market for 2017 showed a strong trend for new home purchases. Specifically, the sale of newly built single-family homes alone for 2017 increased by 8.3% over the previous year. “The number of consumers planning to buy a new home in the near future is trending upward,” says Randy Noel, chairman of the National Association of Home Builders. “Inventory remains low, but …

2017 Completes the Year With Strong Real Estate Sales ...

As the year 2017 had come to its end, the real estate market had not proven to slow down with regards to sales pace. In fact, existing home sales for November in particular had seen their strongest pace in nearly 11 years. Total existing home sales are defined as transactions of single-family homes, townhomes, condos and co-op properties. These sales jumped by 5.6% for …

Back Bay tower gets city approval

After many months of concerns expressed by Old South Church, Boston Properties has won the blessing of the Boston Planning and Development Agency for their plans to build a billion dollar project atop Back Bay Station at a recent meeting. Thanks in part to an agreement to give $3 million to a preservation fund for Boston’s historic buildings such as Old South and Trinity …

4 Reasons now is the time to buy a luxury property

The purchase of luxury real estate is always driven by different factors for different people and at any given time there will always be some who are in pursuit of finding a home to buy regardless of economic conditions. There is an increasing demand lately for luxury property among younger crowds. As their disposable income is on the rise along comes the desire for …

Housing Inventory Challenges Cause Slight Dip in Real ...

Strong buyer demand has been consistent as has resulted in homes going under agreement in less than one month for the fourth month in a row this July. There were ups and downs in sales across the United States this summer due to slim housing stock, but overall a slight decrease in the numbers. In particular, total existing home sales of completed sales transactions …

International Real Estate Feature: Private Gated Commu...

As part of the Sotheby’s International Realty network I am very fortunate to often have a front row seat to preview some of the most exceptional homes in the world. As a company, we list some truly remarkable homes and we strive to provide the absolute best white glove service. Likewise, when you list your home with me your home is not just exposed …

How to Survive a Competitive Market

Being an active buyer searching for a home these days can be a real challenge with so few homes on the market. “Attempting to purchase a house in this type of market can make the already complex process of buying a home even more overwhelming,” the National Association of REALTORS® notes in a recent release. To assist with this challenge, here are NAR’s five …

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 …

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