It is no secret that innovation drives productivity and bolsters economies. Cities with high concentrations of human capital are more likely to witness a future of prosperity. In a recent study, this idea was put to the test in relation to real estate, and not surprisingly, cities with higher concentrations of innovation and talent recorded [...]
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 [...]
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 [...]
The life sciences industry is taking off, with the medical technology and biotech sectors expected to grow further as traditional pharmaceutical companies are joined by startups and incubator labs driving new research and development. And with life sciences innovation rising, so is demand for the space in which to innovate. “Real estate is [...]
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 [...]
The Greater Boston office market ended 2018 with a bang as absorption gains of nearly one million square feet pushed vacancies down to 11.6% in the fourth quarter of last year, according to a report by a Boston brokerage firm. Year-to-date net absorption totaled nearly 1.6 million square feet as out-of-market demand and local growth resulted [...]
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 [...]
It was no secret that e-commerce giant, Amazon, was looking for its second headquarters among major U.S. cities. Unfortunately, or fortunately, depending on your perspective on the idea, all of the finalists could not share the new jobs and billions predicted to inundate the local economy. Amazon chose Arlington, a northern city in Virginia and NYC to split the home of their HQ2. However, many of the areas considered, but ultimately rejected, are expected to outperform the national average over the coming year. This comes even as the overall market is slowing.
Amazing 4 unit iconic Victorian that isn't on the Historic Register plus an adjacent vacant lot. Land total is over 30,000. Walk to shops and Commuter Rail. Priced right at $2.5 Million.
Houses of worship have always been incredibly important to the feel of a neighborhood– they serve as community centers, architectural landmarks, and historic hubs. Often iconic structures, churches can contribute to blight when they’re dormant but can also generate traffic and improve perceptions of safety and vibrancy when they’re active [...]
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.
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.
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 a new residential sales report released Wednesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, residential home sales rose 3.5 percent in August– a better-than-expected turnout, signifying a healthy economy and a strong market.