Market Updates

May 5, 2020

Lockdown's Effect on Real Estate

BOSTON HOUSING SALES DOWN!

Everyone wants to know what effect the corona virus/shelter-in-place lock downs have had and will have on real estate. Although some governors have labeled real estate an essential service, the media have sufficiently scared the public into cowering in their homes and not getting out ...

View More
Posted in Market Updates
Dec. 19, 2019

Boston Real Estate Stages a Rebound

BOSTON HOUSING INVENTORY DOWN!

Between late summer and the end of the year many areas in Boston have defied history. An expanding inventory has suddenly contracted and have not only slowed the inevitable change from a balanced market (3-6 months of inventory) but have reverted many areas back into a ...

View More
Posted in Market Updates
Dec. 9, 2019

Registry Fees Going Up

Cost to Buy/Sell Your Home on the Rise

When you buy or sell a home in Boston there are unavaoidable fees whether you sell with or without a real estate broker. These fees include the property transfer tax (aka stamp tax) as well as recording fees. These are scheduled ...

View More
Posted in Market Updates
Dec. 9, 2019

Boston City Council to Impose Higher Taxes & Burdens on Landlords

 

Sponsors: Wu, OMalley, Flaherty, Edwards, Essaibi-George, Flynn, Janey, McCarthy, Zakim, Campbell

 

Status: March 18th, Public Hearing, GBREB testified in opposition, vote scheduled Wednesday, December 11th at noon.

 

GBREB has joined NAIOP Massachusetts in expressing our concerns regarding several items in the proposal that ...

View More
Posted in Market Updates
Aug. 28, 2019

Real Estate is Hyper Local

Real estate is often in the news. Talking heads are sharing about how houses are appreciating or depreciating in value based upon national sales figures. However, real estate markets are not only NOT national, they are not just local either. They are hyper local. The Boston metroplex is not a ...

View More
Posted in Market Updates
Aug. 14, 2019

Interest Rates Dropping

PSA for buyers, sellers, and real estate agents alike - 45 days should be the time frame used in offers to purchase for getting a new mortgage. Think it's a benefit to go 30 days?  Well, with the yield curve on treasuries officially inverting today, we're officially in ...

View More
Posted in Market Updates
July 10, 2019

Don't Buy Old When You Can Buy New!

TWO NEW CONSTRUCTION HOMES FOR SALE!!

54 Birchwood Street, West Roxbury, MAStop previewing all of the old houses in Boston with their tiny closets, no or window air conditioning, and bathrooms or kitchens that need enlarging or updating?

Admittedly, there is not a lot of single-family new construction homes to choose from in Boston. Fortunately ...

View More
Posted in Market Updates
June 14, 2019

Congress Passes VA Loan Bill

Congress has passed the "Blue Water Navy Vietnam Veterans Act."

The PresideSeal of the Dept of Veterans' Affairsnt is expected to sign H.R. 299, the "Blue Water Navy Vietnam Veterans Act." The positive side of this:

This legislation includes language which will eliminate the cap on the VA home loan guarantee. Veterans, under this ...

View More
Posted in Market Updates
March 11, 2019

Interest Rates - Rising or Falling

Non-Farm Payrolls "It's a small world after all"

If inflation moves lower or is expected to move lower — rates must go lower as well. That's the situation right now.

The financial markets and interest rates also follow inflation on a global scale. Why is this important to you?

If ...

View More
Posted in Market Updates
Jan. 21, 2019

Gov Baker Wants to Raise Taxes on You

“Governor Baker seeks big real estate sales tax hike to fund climate programs“

Charlie Baker

reads the headline in the Boston Globe. This is a totally bogus claim by Baker. What he is really saying is he wants more money to spend on infrastructure but he doesn’t want to come across as ...

View More
Posted in Market Updates