Relentless supply constraints and home price growth outpacing wages are testing the patience of homebuyers this year, but existing-home sales are still on track to come in at their highest pace since 2006, according to an economic forecast forum at the 2016 Realtors® Legislative Meetings & Trade Expo.
Among the topics addressed were: the growing burden repaying student loan debt is having on young adults, the housing market and the overall U.S. economy.
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.
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.
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.
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.
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.
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.
The Greater Boston Association of Realtors has released the local market updates for the first quarter of 2016 and aside from some high condominium pricing; the real estate market in Wellesley is not looking too bad!?
While prices saw a small increase of 6 percent over last year, that did not affect sales negatively.
The Greater Boston Association of Realtors has released the local market updates for March 2016 and the real estate market in Brookline is looking healthy!
The supply of homes for sale in March was way up over February, indicating that more sellers are deciding to list their homes. And, while prices were also up over last year, the increases are seemingly harmless to sales.
The Greater Boston Association of Realtors has released the Needham market updates for March 2016 and judging from the increase in single-home listings and decrease in pricing, it is clear we have a buyer?s market.
The supply of homes for sale in March was significantly higher than February, indicating that more sellers are deciding to list their homes. Not surprising, since prices were way lower than last year, the sales have significantly increased.
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Stunning estate property with more speciality details than can possibly be described. Located in the prestigious Tuxedo Park neighborhood of Buckhead. This home is spread over 4 floors and has incredible living features including an elevator, 4 car garage, private back yard with gorgeous pool and covered loggia, high ceilings, state of the art kitchen and baths, gorgeous lighting and drapes, 4000 bottle wine cellar, theater room, full gym and billiard room.