Real Estate News

House Sales in Bay State

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          Massachusetts' real estate market continued to smolder last month as the number of sales and the price of homes continued their steady ascent in a tight market.

 
          Sales of single-family homes climbed 13.8 percent to 5,925 making last month the best August since 2005, according to market tracker The Warren Group.
 
 


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What Will The New Flood Law Bring?

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         A dramatic increase in flood insurance rates under a new federal law and a redrawing of flood lines by the Federal Emergency Management Agency could harm property values and lead to a new spate of foreclosures just as Massachusetts is beginning to recover from the Great Recession, several speakers told a state legislative panel

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Big Condo Projects On The Way

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          For the past year, Bay State homeowners and potential home buyers competed in bidding wars as they targeted a dwindling supply of properties for sale. Massachusetts' housing market rebounded strongly in the first two quarters as the median sale price for single-family homes and condos jumped at double-digit rates and sales [...]
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Expansion on Boston's Waterfront

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     It's taken a few years, but the renaissance East Boston's waterfront is happening.Construction is finally underway on one major residential project and a second is expected to be permitted by year's end. Earlier this year, construction commenced on Portside at Pier One, the $67 million luxury apartment project on the waterfront [...]
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The Cost of Downsizing

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     There's good news if you are nearing retirement and want to downsize. You can sell your home now, and, if you are lucky enough to live in an upscale suburb like a Belmont or a Newton, you might be able to find a buyer within a week or two.The bad news? After selling the big and now empty house you have painfully resolved to say

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Mortgage Rates Rise

 
     Already difficult, landing a mortgage may actually get a lot harder before it gets easier. We all know the downside now of rising interest rates. Home buyers are in love with rock bottom interest rates, which, at least in theory, have significantly increased their purchasing power. (OK, low rates have also helped reinflate home
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Gorgeous Tuscan-style California home

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25212 Derbyhill Drive
Laguna Hills, CA 92653
$3,200,000

 
MLS#: NP13149009
Beds: 4
Baths: 4.5
Living

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Shadow Inventory Drops Below 2 Million Units

Completed Foreclosures Up in May 
 

 
The number of completed foreclosures in the U.S. was up slightly in May compared to April; however, the foreclosure inventory was down.  The foreclosure inventory is the number of homes in process of foreclosure.  The completed number increased by 3.5%; or 2,000 more foreclosures compared to April. 

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