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 [...]
Boston is an expensive city to buy a house. Anyone who has ever tried to buy in the Boston area knows about the bidding wars and heavy competition to become a homeowner. Fortunately for sellers, the Boston area housing market has been heated and growing steadily more heated over the past few years. However, buyers may soon be catching a break according to new reports show that home prices in the region showed the first signs of cooling off in October—the volume of sales slowed, as the number of properties for sale increased.
No matter where you live, you may have noticed an influx of foreign investors discovering real estate in your home country to be an increasingly attractive asset. These investors are clear indicators that luxury real estate has indeed gone global. Be it a chic apartment in Paris or a grandiose manor in Berlin, affluent buyers are [...]
Commercial brokers’ earnings have reached an annual average of over $150,000, and from 2016 to 2017 the median sales volume increased from $3.5 million to $3.87 million. With numbers that good, it’s no surprise that more and more real estate professionals are entering the commercial industry.
Who is buying and selling real estate in the next three years? Globally 38% are interested in buying compared to only 23% who want to sell.
Defining the luxury real estate market isn't simple. From Boston to Miami to Los Angeles, the word luxury has a different definition. In some areas, luxury is defined as anything over $1 million. In pricey parts of Los Angeles, single-family homes often are listed at $5 million and [...]
According to Money Magazine, Newton, MA tops the United States livability charts yet again.
Unfazed by associations with cell blocks and parking garages, more homeowners are discovering that concrete is the chameleon of construction. It can take on the texture of wood or glass, an artist’s palette of color beyond drab gray and, with the addition of structural fibers and plasticizers, is less prone to cracking. According to surveys, poured and precast concrete is most popular in the luxury sector—accounting for 4.1% of high-end homes built last year. That marks a steady increase in the demand for luxury concrete since the recession low in 2012, when such homes accounted for just 1.9% of new construction. Investing in concrete construction with high-end finishes may pay off in resale value–– Realtors now recognize that polished concrete floors are a very popular design element.
It seems that shortage is coming to a close, at least in higher-tier markets...
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Mortgage rates in America are slowly but surely building momentum.
The average 30-year, fixed rate mortgage is now up for the second straight week...
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Just over 50% of homes in the nation have risen past their peak value prior to the recession...
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According to recent data from the Luxury Home Index by realtor.com®, $1 million-plus transactions are increasing annually at a rate of 25%...
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