MA Yearly Home Sales Rise First Time Since 2004
According to Warren Group, a Boston company that tracks local real estate data, sales of single-family homes in Massachusetts rose 3 percent in 2009 – the first year-over-year increase since 2004. Prices also showed signs of stabilization, with the median home price at $295,00 in December 2009, up 10.4 percent from December 2008.
What savvy Massachusetts [...]
2010 Home Sales May Peak Early
Late spring and early summer are usually thought of as the ideal times to list a home, especially when it comes to Boston real estate. As the snow disappears and flowers begin to bud, homes tend to show better and are ready for the increase in buyer demand come June, July and August. Many Boston [...]
Forbes Lists Cities With Biggest Price Drops
Bostonians will be happy to know that real estate values in the Northeast have been the strong compared to nationwide numbers during the recent recession. According to a study by Local Market Monitor for Forbes magazine, housing markets on the West Coast lost the lost value on average (- 21.6 percent) since their peak. Florida [...]
Nationwide Pending Home Sales Highest in 3-1/2 Years
Pending home sales have spiked nationwide. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in October, rose 3.7 percent over the previous month. The index has risen nine consecutive months, indicating the longest streak of gains since 2001. In fact, the Pending Home Sales Index surged a record [...]
House Committee Weighs Revamp of HVCC
We all remember last May when the new appraisal system imposed by Fannie Mae and Freddie Mac sent shock waves through the real estate market. Well, the Washington Post recently reported that the new “Home Valuation Code of Conduct” could already be on its way out. The code could be terminated by the proposed Consumer [...]
Hancock Tower getting a New Cafe
The Boston Redevelopment Authority approved plans for an 8,000 SF restaurant in the John Hancock Tower in Copley Square. The eatery will most likely be a cafe style restaurant with a casual atmosphere. The restauarant is part of an effort by the Hancock Tower’s new owners, Normandy Real Estate Partners, to attract new tenants to [...]
