wealth management

Cambridge the Place to Be for Affluent Baby Boomers

A new report from real estate search engine Zillow found that 7.7 percent of Cambridge households earning $350,000 or more annually are headed by someone at least 55 years old. That means that the People?s Republic has the second-highest concentration of affluent baby boomers in the U.S., behind only the Washington, D.C., suburb of Arlington, Va.

Sales Seesaw: Vacation Homes Decrease, Investment Purchases Leap

According to the National Association of REALTORS, in 2015, investment purchases saw an increase for the first time in five years. Meanwhile, vacation home sales cooled off but still remained at the second highest amount in nearly a decade.

Reflecting the strong price growth seen throughout the U.S., the median sales price of both vacation and investment homes surged in 2015.

 

Existing Home Sales Fall This Spring

Existing-home sales took a bit of a fall in April because of a virtually absent supply. Sales totaled 5.57 million a 2.3 percent decrease from March, but increased 1.6 percent from last [...]

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New Home Sales Up in March

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 [...]

Producer Norman Lear Asking $40M for His California Property

The famous television producer Norman Lear has just relisted his famously recognizable Southern California property at a price slightly under $40 million.