This year Renters should expect to experience price increases of about 3%, while landlords reap the benefits receiving a further profit increase of almost 6%. According to U.S. Census Bureau, more families are presently renting homes than they are owning them. “As it becomes more difficult to buy (harder to get a mortgage, for example) more people [...]
This past March has been looking better for major lenders, as they increase the intolerance for delinquent mortgage loans. The whole country is experiencing a rise in foreclosures, as the number of petitions to foreclose grew by 55 percent in Massachusetts alone. The amount of foreclosure deeds (completed foreclosures) followed a similar trend by an [...]
With local foreclosures on the rise for the past few years, the Massachusetts Legislature has decided to take a stand. A new law, signed into law on August 7, protects residential tenants in foreclosed properties from being evicted except for reasons of “just cause.” The law also temporarily extends a defaulting mortgagor’s 90-day “right-to-cure” to [...]
All you Boston real estate buyers looking for bank owned properties may want to start getting serious. The Massachusetts foreclosure rate is falling dramatically, more than 25 percent from 2008 to 2009 according to Warren Group, a company that tracks Massachusetts and Boston real estate. The main reason for this drop may be the increase [...]
A stunning two bedroom, two bathroom home at the Regatta Riverview Residences is headed to the foreclosure block. This corner-unit features spectacular Charles River and Boston skyline views from every window. The home can use some TLC, but comes with one garage parking space and has a comfortable, open floor plan. Building ammenities include 24-hour [...]
The auction of 43 luxury condos this past Sunday at Nouvelle at Natick was truly exceptional. Units sold for an average of $300/sf, that’s an average of 49 percent off the listed price! Some of the larger units sold with the highest discounts, some at a discount of a whopping 64 percent. After the auction, [...]
This is an opportunity that South End seekers should not pass up! It was leaked to the Boston Herald today that the Bryant at 303 Columbus has been put up for auction. The date of the auction is unknown, however, people interested should contact Bushari Group Real Estate. We will pass along all the information as soon [...]
The Nouvelle at Natick has finally gone into foreclosure. I say finally because the complex was a hard sell for the developer from day one. The Nouvelle at Natick is a beautiful luxury complex attached to the Natick Mall. It has all the luxuries expected in a full-service building, including concierge services and a stunning [...]
Some economic observers are predicting another wave of foreclosures later this summer or in the fall. That’s because lenders that have held off on foreclosures as part of President Obama’s plan will now move forward aggressively to clear the backlog of troubled mortgages. Rising foreclosures will further depress home values, says Mark Zandi of Moody’s [...]
The auction was lots of fun to watch and i wasn’t surprised to see all 35 units sell. I suspected to see the units sell for about 75% of asking and i was almost right. The average went from 61% all the way up to almost 80% of asking with the majority of units selling [...]
Subscribe to our e-mail newsletter to receive updates.
For Sale: Jamaica Plain Studio
Now for Rent: 301 Newbury Street
Buyer Open House Tips
Adding a Natural Pool to Your Home
Rents on the Rise: To Rent or To Buy?
devlinrealty: Fantastic Information !! I appreciate your blog.
...
Property: I got informative news, keep it up. thanks a lot.....
Devlin Reality: Thanks for sharing valuable information.
Orris ...
vermont homes: Such a nice posting
you know that real estate va...
Zach Skidmore: Very informative post. Thanks....
