Smaller Floor Plans Gain Popularity
It seems the heyday of the so-called McMansion may have come and gone. The Associated Press reports that some homebuilders, in response to changes in consumer demand, have moved away from building large homes with expensive features in favor of smaller, more efficient homes. Builders are cutting back on square footage in order to compete [...]
NAR’s Economist Says Economy Is In a Recession
In his latest commentary, NAR chief economist Lawrence Yun says the U.S. economy is in a recession, but the country may be able to climb out of it within a few months. Yun’s comments come after the leading economic index rose by 0.3 percent in September after five months of losses. Despite that modest increase, [...]
Mortgage Rates on the Rise
The benchmark 30-year fixed-rate mortgage jumped 54 basis points this week to 6.74 percent, according to the Bankrate.com national survey of large lenders. The benchmark 5/1 adjustable-rate mortgage rose 40 basis points to 6.61 percent, and the benchmark 15-year fixed-rate mortgage rose 45 basis points to 6.4 percent. This shows the largest weekly rise in [...]
ERA Boston Real Estate Group loses it’s #1 Sales Agent
After 13 years associated with ERA Boston Real Estate Group, a local Boston real estate residential firm, William Montero moves on. William Montero, former Vice President and Partner at ERA Boston Real Estate Group is now the new President of a Boston Real Estate startup, Warren Residential Group. “Now more than ever people are looking [...]
Massachusetts Foreclosure Deeds Surge In First Three Quarters
The number of foreclosure deeds recorded in Massachusetts soared 72 percent in the first three quarters of 2008 compared to a year ago, according to The Warren Group, publisher of Banker & Tradesman. Meanwhile, foreclosure petitions, which represent the first step in the foreclosure process, shot up in September compared to the summer months. A [...]
Home Construction, Builder Confidence Tumble
Housing starts fell 6.3 percent in September to a seasonally adjusted annual rate of 817,000 units, down from 872,000 units in August, the U.S. Commerce Department reported today. This is 31.1 percent below the 1.185 million units estimated in September 2007 and is the lowest in 17 years. Permits for new construction were at a [...]
Survey Highlights U.S. Housing Characteristics
The number of housing units in the United States reached 128.2 million in 2007, up from 124.4 million in 2005, according to the 2007 American Housing Survey, published jointly by the U.S. Census Bureau and HUD. These units include all types of housing, including seasonal vacation homes, mobile homes and rental units. Other highlights of [...]
$30K Price Reduction On a South End Penthouse
The price of this Boston Luxury Condo 3 bedroom, 2.5 bathroom, 2 garage parking South End penthouse at 17 Savoy St PH D-310 has been reduced to $1,194,750, that over $30,000 price reduction! This specious penthouse in the middle of the everything offers 1870 square feet of city oasis with private roof deck. Built in [...]
DEAL Of The Month: 2 Bedroom + Study Rental for $3,150 per Month
Bushari Group Real Estate presents one of the best deals of the month… Boston Luxury Apartment located in the South End has 2 bedrooms plus study, One Bathroom, Wood burning fireplace, Open kitchen, Great views and Balcony. Parking space available at $150 per month. Offered at $3,150 per month, available ASAP. For more details: 26 [...]
Back Bay Residents Give City Officials a Wish List
About 40 people attended the Neighborhood Association of Back Bay (NABB) forum this month to rank their biggest complaints and best suggestions to present to Boston city officials. Some concerns that topped the list were the cleanliness of Back Bay alleys and the installation of larger street signs. Some suggestions included placing additional trash cans [...]
