After the housing market’s best first quarter since 2007, sales this year are expected to come in around 5.41 million, a 3 percent boost from 2015. This report represents a boom in the housing market, and a solid foundation as the spring buying season ramps up. If this growth continues, 2016 could be the best year for the real estate market in a decade.
Single women are coming up in power, wealth and market share, quickly becoming one of the most important demographics in the increasingly fragmented real estate market.
The new Forbes ranking of the wealthiest individuals declared Abigail Johnson, CEO of Fidelity Investments, as the wealthiest individual in Massachusetts with a net worth of $14.7 billion.
In designing homes, there is a need for flexibility to make it financially plausible for millennials to afford ownership. That means a lower price point and space to rent out while the millennial buyer builds equity. One solution is the “responsive home” built in Henderson Nevada as a collaboration between TRI Pointe Group’s Pardee Homes and Hanley Wood’s Builder Magazine.
One of the greatest real estate speculations this season has been the question of where Jeff Immelt, the CEO of General Electric, will move when the organization moves to Boston this late spring.
Well, according to public records, Immelt and his S.O., Andrea, are under contract to buy a 3,565 sq. ft. triplex home at 36 Commonwealth Ave., a 4 room property found a short distance from the Boston Public Garden.
New home sales data released this week showed that sales were 16.6 percent higher than March when comparing the seasonally adjusted annualized rates, and 23.8 percent higher than last year.
This news comes from estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.
47 Raymond Street in Cambridge, a beautiful 7,258 sq. ft. residence has just been made available for sale in the market for an asking price of $11,500,000.
The interior consists of 15 rooms and 5 bedrooms with state-of-the-art amenities. The house has an elegant finish to it with state-of-the-art heating, cooling and media technologies installed throughout the home. The 4,000 bottle wine cellar, heated driveway and reflecting pool complete the house.
Despite a rapid increase in home prices, mortgage rates have dropped to their lowest point in three years. As of Tuesday, the average rate for a 30-year conforming mortgage nationally was 3.6 percent, down 2 points from last week. This drop means a 6 percent increase in buying power.
There are disadvantages to lower mortgage rates however. Credit availability declines marginally as the rates decline. With a small margin, lenders become more risk averse so indicators of credit tightness like the average FICO scores have gone up as rates have gone down.
Quality wood furniture can last a lifetime and is often a treasured heirloom, passed down through multiple generations. Still, even the highest quality wood is susceptible to scratches and abrasions. No matter what type it is, wood needs to be properly cared for.
When purchasing furniture, it never hurts to ask for specific cleaning and care instructions.
Here are 10 tips to keep your wood furnishings looking best for many years to come:
Bicycle-friendly amenities are contributing to a surge in property values for communities everywhere, marshaled by developments in urban centers and suburban outposts that accommodate “active” transportation. At its core, the bicycle boom is about people choosing a lifestyle that gives them more options and requires less dependence on motor vehicles. Through supporting bike infrastructure, real estate professionals who influence the built environment [buildings, neighborhoods and streets] can play a significant role in creating healthier, more sustainable communities.
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Kitchen renovations are expensive but luckily there are small, inexpensive tweaks you can make to emulate the same “new space” effect. Here are five changes you can make that will freshen up your kitchen without breaking the bank.
This newly built modern oceanfront estate is located at 3700 Ocean Drive in Vero Beach, FL and boasts 200 feet of water frontage. It features a main house and guest house boasting approximately 18,000 sq. ft. of living space with 8 bedrooms and 8 full and 4 half bathrooms.
The main house features a 2-story foyer with floating glass and wood staircase, 5 bedroom suites, 2-story great room, 2-story dining room, gourmet kitchen, 2nd catering kitchen, informal dining room, family room, media room, hair salon, gym, 3-car garage and more. Outdoor features include a loggia with fireplace and barbecue, 80 ft. infinity edge swimming pool and a koi pond. The guest house features 3 bedroom suites, living/dining room and a kitchen. Outdoor features include a swimming pool and firepit.
One of the most exquisite estate offerings in the United States, covering a 2.5 acre promontory. Surrounded by 360 degree views that sweep from downtown to the canyons, the 7 bedroom, 10 bath Villa embraces 18,000 sq. ft. of palatial living space with grand scale. Built with the finest materials, this stately mansion features the most opulent dining and living rooms. Designer details include gold leaf crown moldings, hand woven carpets and European details. The private grounds showcase the sunny swimmers pool, dining and viewing pavilions perfect for entertaining and enjoying the city view below.
Governor Charlie Baker is proposing an 8% increase on state spending for affordable housing for next year, and an 18% increment throughout the following five years, to a sum of $1.1 billion.
Baker proposed utilizing a sizable part of the new supports in the state’s capital spending plan to protect a portion of the 3,300 affordable residential units that are set to end up being priced at the market rate in the near future. The arrangement would finance more projects for affordable housing, for low-income families and for development projects in the state.