Boston real estate owners should strongly support the efforts of the directors of the National Association of Realtors, who met last week in Orlando, FL to sign a stimulus proposal that includes a temporary $7,500 tax credit for all buyers. Unlike the current government plan, which is limited to first-time homebuyers, this would be a true tax [...]
Some Boston real estate owners in financial distress may be getting some relief. According to Banker & Tradesman, the federal government and one of the country’s largest banks plan to expand their efforts to assist homeowners with troubled mortgages. The plan may help as many as 3 million homeowners avert foreclosure. Fannie Mae and Freddie [...]
Third-quarter home values declined 9.7 percent from a year ago, marking the seventh straight quarter that home values have fallen, according to the Q3 2008 Zillow Real Estate Market Report. Over the past year, nearly one-third of homes sold (30.2 percent) were sold for a loss, up from the 23.7 percent reported at the end [...]
The South End Landmark District Commission (SELDC) recently approved a plan to demolish the “Jesus Saves” church at 5-10 St. George Street and construct a 33-unit luxury residential complex in its place. the 45,000-square-foot building will be six stories high, according to the proposal from owner and developer, Peter Zagorianakos. Homes will be mostly one [...]
From Boston Homes, by June Albritton: “Washington Street south of East Berkeley Street has become a magnet for luxury condominiums. Laconia Lofts and Wilkes Passage are there, and nearby is Rollins Square, set on 2.19 acres bordered by Savoy Street, Harrison Avenue and Waltham Street.Elad Bushari of the Bushari Group Real Estate is marketing Unit D-310 [...]
Foreclosure activity rose 5 percent in October from the previous month and was 25 percent higher than October 2007, according to the latest report from RealtyTrac, an online marketer of foreclosure properties. Foreclosure filings — which include default notices, auction sale notices and bank repossessions — were reported on 279,561 properties for the month, or [...]
As homeowners become more knowledgeable about environmentally friendly practices, they are more willing to invest in their homes to make them more energy efficient. According to Better Homes and Gardens Real Estate “Living Green” Consumer Survey, nearly half (48 percent) of homeowners said they would be willing to spend $2,500 or more to make green [...]
First-time homebuyers are making up a larger share of the buying market due to low home prices, abundant supply and affordable interest rates, according to new research by NAR. The 2008 National Association of REALTORS® Profile of Home Buyers and Sellers finds that the number of first-time home buyers rose to 41 percent this year, [...]
According to Banker and Tradesman, the Boston waterfront and Somerville offices of Coldwell Banker Residential Brokerage are set to close by the end of the month. The Boston office’s 24 agents will move to other local offices, including the Back Bay, while Somerville’s 15 agents will move to the company’s Cambridge and Arlington locations. Three [...]
Unit 702 at the Regatta Riverview Residences offers spacious 2 bedroom 2 bathroom living in a luxurious full service building. Amenities include 24-hour concierge, fitness center with a lap pool, movie theater, club room and business center. Across from the new North Point Park and only steps from Beacon Hill, MGH and the Esplanade. The [...]
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