It is no secret that innovation drives productivity and bolsters economies. Cities with high concentrations of human capital are more likely to witness a future of prosperity. In a recent study, this idea was put to the test in relation to real estate, and not surprisingly, cities with higher concentrations of innovation and talent recorded [...]
In a recent ranking based on median listing price and median days on the market, Boston ranks as April's number one hottest housing market.
The median days on the market in Boston is 32 days, which is quick compared to other cities, but not necessarily the quickest. Where Boston really shines is this short days on market number in [...]
It seems that nearly every month a new apartment building is being built up to accommodate the masses of people that move to Boston each year.
But recently there’s been some skepticism about the growth of the luxury market, nationwide, when 1.2 percent of homes above $2 Million fell in price.
However, Boston’s newest luxury apartment [...]
Castles President, Jim Lowenstern, Joins Inman's Luxury Referral Network
Airbnb hosts say that their passive income gained through hosting allows them to continue to invest in the real estate market. Airbnb serves as an income that does not require trading hours for dollars; instead, this money can cover costs related to rent, or mortgage, with a minimal amount of time consumed. In taking the average monthly rent [...]
Working with a luxury buyer presents a very different experience than working with any other demographic. Those who are looking to purchase a high-end property are discerning and highly-informed — and expect their agent to be as well. As a result, the questions they ask are less about learning about a market’s livability and more about what [...]
As Beacon Hill awaits next week’s release of data on critical April tax collections, economists reported Friday that the state economy grew at a 4.6 percent annual rate in the first quarter, an increase from the 2.3 percent growth rate in the fourth quarter of [...]
New-home sales rose 4.5 percent from February to March and are up 3 percent year-over-year to a seasonally adjusted rate of 692,000, according to data from the U.S. Census Bureau and Housing and Urban Development.
Nationwide, 344,000 new homes were listed for sale, a modest rise from 336,000 in February. The median sales price of a new home was [...]
Busy Newtonville location, near T stop, supermarket, and Newton North High School. Location features high ceilings, usable full basement. Space ideal for office, retail and light food services. $3,400 / Triple Net Lease (NNN).
Two weeks of rising rates are taking their toll on homeowners hoping to refinance, but homebuyers are not pulling back.
Mortgage applications to purchase a home rose 1% last week from the previous week and were 7% higher than a year ago. Purchase applications reached their highest level since April [...]
Several markets in Ohio, which are some of the country's most affordable, are attracting lots of buyer interest, claiming three of the top 20 spots in realtor.com's monthly ranking of the [...]
When most Americans think of luxury real estate, Boston might not be the first city that comes to mind. Maybe that should change, given the city’s remarkable economic growth in recent years that has kept it comfortably within the ranks of top-tier markets for first-class real estate and investment [...]
In September of last year, restless renovators and house-flippers Ellen DeGeneres and Portia de Rossi picked up this Hollywood-pedigreed home in Beverly Hills for $15 million. They only held onto it for the winter before listing it with an asking price of $18 [...]
Real estate as an asset class appears to be heading into the end of a cycle that began with the era of low interest rates a decade ago. Luxury markets in the top investment cities across the country are either in a pricing correction already or expected to cool significantly in 2019. But my hometown of Boston is very different. Despite its [...]