It’s a fast moving seller’s market with buyers contending with fierce competition. Demand is sky high and the number of homes sold keeps rising, even as inventory of homes for sale becomes smaller. What does this mean for you? The more you are looking to spend, the better positioned you are as a buyer!
The national housing market has reached a point where its momentum is providing growth for the US economy. According to the latest The State of the Nation’s Housing report by the Joint Center for Housing Studies, robust rental demand continues to drive the housing expansion and sales, prices, and new construction of single-family homes are on the rise
It's no secret that the real estate market is heating up. So what can you do to get an edge in today's super competitive market?
With the summer season ramping up, it’s a good time to take a look at the vacation-home market. The NAR reported lower vacation-home sales in 2015, despite the fact that the numbers were the second highest in about 10 years. There were approximately 920,000 vacation-home sales nationally compared to 1.13 million in 2014.
Good morning, and happy Wednesday! Here?s a summary of recent transactions and personnel news within Greater Boston?s real estate community.
HFF?has arranged $51 million in recapitalization financing for?1030 Massachusetts Ave., a recently renovated 77,805-square-foot Class A laboratory/biotechnology building near Harvard Square in Cambridge. The borrower was an affiliate of Longfellow Real Estate Partners. HFF placed the five-year fixed-rate loan with...
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.
Often times when people are planning to sell, they focus on indoor improvement. A home's exterior and backyard are just as important and shouldn't be neglected. You want to make your home as appealing as possible for potential buyers. Here are some of today's trends in outdoor living to help you bring in the buyers
As millenials flock to major cities for professional opportunities, it seems their chances of being able to buy a home are slimmer than they realize. While nearly 80 percent of millennial homebuyers say they plan on purchasing a home someday, more than 40 percent have not started saving for a down payment.
The U.S. housing market continues to rebound with single-family homes inching up 7.2 percent, the highest level since November 2007. In February, builders started production on 1,178,000 homes, a 5.2 percent increase over January and a 30.9 percent increase from February 2015. Single-family home completions also increased, rising 6.1 percent to 736,000 annualized rate, the highest since November 2008.
This trick can save you around $100,000 on your mortgage if you plan accordingly. It's definitely something to consider!
It’s important to keep on top of what homebuilders are featuring in their new homes. In December 2015, a nationwide survey asked builders about the likelihood of certain features being included in their typical single-family homes. Using a scale of 1 to 5 (1 being not likely at all and 5 being very likely) the builders reported the following as the most likely features to show up in a typical 2016 home.
Mortgage rates have been skimming rock bottom for a while now but they have finally started to rise again. Some homebuyers feel they've missed the window of opportunity. However, this is not the case. Here are a few reasons this year is a perfect time to finally become a homeowner.
In 2002, brothers Kelly and Chris Edwards bought their first house in Raleigh, North Carolina. They were both in their 20s at the time and had both noticed a trend that the people with the hihest net worth owned real estate. They bought the house for $88,000 and in the next years bought another four or five properties. Today, they own [...]