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 [...]
Late last year, analysts were betting on a break from the hot housing market, which had begun to breed concerns of instability. How long could prices really run up?
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 [...]
Thinking of getting into luxury real estate, but not sure if now is the right time for you to specialize? Believe it or not, there are a lot of good reasons why you might want to become a luxury real estate agent right now. If this niche has been on your mind, you might want to seriously consider moving forward with that goal sooner rather [...]
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 [...]
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 [...]
Global real estate investment has been strong in recent years. In 2017, $698bn was invested in the asset class, according to JLL. In 2018, despite uncertainty surrounding the global economy, investment in the global property market reached a record high of $1.8 trillion. Looking forward, there are headwinds facing the real estate space. The [...]
Chinese consumers may have soured on some American products, like iPhones, but they have only sweetened on U.S. residential real estate. They have been the top foreign buyers in both units and dollar volume of residential housing for six years straight, according to the National Association of Realtors, and now they expanding to new, lower [...]
Boston has made it into the top 10 best real estate bets for 2019. In 2018, jobs grew at an unprecedented rate of 2.5 percent. Home prices went up 6 percent, and income went up 6 percent as well. The average home is listed for $426,000 and the average monthly rent is $1,614. Taking all of these factors into consideration, Boston area real [...]
Have you always dreamed of buying an old house in Italy or France? Change that goal to Turkey or Greece and you may find the dream is more affordable than you imagined.
Analysts looked at real estate data from 36 developed (OECD) countries and calculated the places where you'll get the most home for the least money. By these rankings, Turkey [...]
Bitcoin won in 2017.
Real Estate won in 2018.
Who wins in 2019 and beyond?
2017 was the year of bitcoin (BTC-USD): the price surged from below $1,000 to a high of nearly $20,000. Meanwhile, 2018 has seen the price crater to ~$3,700 as of this writing. Given this enormous volatility, it is anyone's guess what 2019 will bring for the [...]
Developers are taking luxury homes in an unexpected direction: Underground.
Across the luxury market, we’re seeing more and more "extravagant basements" or lower levels being built into homes. While this square footage isn't considered as valuable as above grade, it still allows for a higher selling price and returns on investment. Keep in [...]
Most prospective real estate investors can spot red flags indicating a bad investment — a long listing time, steadily declining asking prices, high neighborhood turnover, etc. But what about "green flags"? Signals that an investment might be promising are just as important to consider, and you don't want to overlook them when you're hunting [...]
At Castles Unlimited, we’re always on the hunt for the latest eco-friendly home advancements– after all, what’s more important than respecting our planet while saving our customers money? New England and cutting-edge technology go together like Tom Brady and Super Bowl championships, so as you can imagine, we were thrilled, yet, hardly [...]