1st Quarter Boston Real Estate Report
Boston Real Estate 2009 1st Quarter Report The 2009 city wide report of Boston Real Estate, created by Link Boston, is showing some key trends that indicate it’s still a strong buyers market: 1. Sales in the first quarter of 2009 have fallen 33.4% since 2008, with 339 transactions compared to 509 in the 1st quarter [...]
NAR Forecasts Rising Sales, Falling Prices
Sales of existing homes are expected to reach 4.97 million in 2009, an increase of 1.1 percent from the 4.91 million sold in 2008, before rising 6.3 percent in 2010 to 5.28 million units, according to NAR’s latest economic forecast. NAR expects the median price of existing homes to fall 4.9 percent this year to [...]
Housing Trends of Baby Boomers
Most baby boomers prefer to stay in their own homes as they age, but an increasing number — more than 1.2 million households — plan to move to active lifestyle communities designed to meet their needs, according to a new study by the National Association of Home Builders (NAHB) and the MetLife Mature Market Institute [...]
MA Multi-Family Sales Boom Despite Recession
There are always trends within markets. Even in this recession, we are seeing a significant upward swing in multi-family home sales, which can produce instant cash flow for owner/occupants or investors. While single-family homes and condos linger on the market, multi-family properties are practically flying off the shelves in the Boston area. Lower prices and interest [...]
$8,000 Home Buyers’ Tax Credit at a Glance
We have been getting a lot of questions from you Boston real estate buyers about the $8,000 Home Buyers’ Tax Credit lately, and with all the changes that have been made to this credit in the last 18 months, it can be very confusing. Here is a quick overview: 1. The tax credit is for [...]
Homeownership at Lowest Level Since 2000
According to the Census Bureau, the rate of U.S. homeownership slipped in the first quarter of 2009 to the lowest level since the start of the decade. The rate dropped from 67.5 percent from 68 percent during the same period in 2008. You may assume by this news that if less people own homes, more [...]
Bushari Group Attends “Who’s Who in Luxury Real Estate” Conference Las Vegas
Elad Bushari, the broker and owner of Bushari Group Real Estate in Boston’s Back Bay, and Mara Tamaroff, marketing and client relations specialist for the company, attended the “Who’s Who in Luxury Real Estate” Spring Conference in Las Vegas, NV this week. Bushari Group Real Estate was selected in 2008 to join the Who’s Who in Luxury [...]
