Jim Lowenstern

Sales of Existing-Homes Rebound

February saw the rallying of existing-home sales, with a bounce back from the initial lull at the start of the year, with the National Association of REALTORS® (NAR) reporting that sales increased to 5.54 million, an increase of 3 [...]

GOOD NEWS FOR BOSTON/MASSACHUSETTS REAL ESTATE MARKETS!

Boston Real Estate Market in 2018

The housing market in Metro Boston is back on track and looking healthy for 2018.  A number of factors are driving this recent growth. The prediction is that prices will rise in 2018 as they will in most of the U.S. housing market.

The reason for the unusual late season surge is due to a big pent up demand from homebuyers and plenty of foreign real estate investors. Low mortgage rates, a strong economy, and the inventory of homes for sale is bolstering sales.

102-Unit Housing Community in Lawrence Finally Gets Financing

This week, MassHousing closed on $17.1 million in financing for the construction of a new, 102-unit, affordable housing community in Lawrence.

 

Trinity Financial, Inc., the company whose affiliate was financed by MassHousing, will turn the former Van Brodie Mill into the new mixed-income community near the border of Methuen. The reuse [...]