Check out our most recent Boston market report - Click here
Boston Real Estate Blog

boston real estate 2023

Though the Boston housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News:

“Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.”

That activity can be seen in the latest ShowingTime Showing Index, which is a measure of buyers actively touring available homes (see graph below):

The 62% jump in showings from December to January is one of the largest on record. There were also more showings in January than in any other month since last May. As you can see in the graph, it’s normal for showings to increase early in the year, but the jump this January was

523 Views, 0 Comments

An Expert Makes All the Difference When You Sell Your House | MyKCM

If you’re thinking of selling your Boston home, it’s important to work with someone who understands how the Boston market is changing and what it means for you. Here are five reasons working with a professional can ensure you’ll get the most out of your sale.

1. They’re Experts on Market Trends

With today’s housing market defined by change, it’s critical to work with someone who knows the latest information and how it impacts your goals. An expert real estate advisor knows about national trends and your local area too. More importantly, they’ll give insight to what all of this means for you, so they’ll be able to help you make a decision based on trustworthy, data-bound information.

2. A Local Professional Knows How To Set the Right Price

827 Views, 0 Comments

think smarter 2023

Are you looking to sell your home in the spring market? Now is the time to start getting it ready! This month, Nick gives tips for preparing your home and helps sellers know what to expect if they want to sell in the next few months.

What are some tips you have for sellers looking to sell in the spring?

Spring is a great time to sell a home in Boston, as the weather is warming up, the days are getting longer, and buyers are eager to get out and start looking at properties. To prepare your home for sale in the spring, here are some tips:

  • Clean and declutter your home. Get rid of any clutter, and deep clean your home from top to bottom. You may also want to consider hiring a professional cleaner to help you get your home in top shape.

675 Views, 0 Comments

Spring into Action: Boost Your Home’s Curb Appeal with Expert Guidance | MyKCM

To sell your Boston home this spring, it may need more preparation than it would have a year or two ago. Today’s housing market has a different feel. There are more homes for sale than there were at this time last year, but inventory is still historically low. So, if a house has been sitting on the market for a while, that’s a sign it may not be hitting the mark for potential buyers. But here’s the thing. Right now, homes that are updated and priced at market value are still selling fast.

Today, homes with curb appeal that are presented well are still selling quickly, and sometimes over asking price. According to Danielle Hale, Chief Economist at realtor.com:

“In a market where costs are still high and buyers can be a little choosier, it

684 Views, 0 Comments

What You Should Know About Closing Costs | MyKCM

Before you buy a home in Boston, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home, you need to understand what closing costs are and how much you should budget for.

What Are Closing Costs?

People are sometimes surprised by closing costs because they don’t know what they are. According to Bankrate:

“Closing costs are the fees and expenses you must pay before becoming the legal owner of a house, condo or townhome . . . Closing costs vary depending on the purchase price of the home and how it’s being financed . . .”

In other words, your closing

826 Views, 0 Comments

Why It Makes Sense To Move Before Spring | MyKCM

Spring is usually the busiest season in the Boston housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up.

Spring Should Bring a Wave of Buyers to the Market

In most years, the housing market goes through predictable seasonal trends in activity. Winter is typically a quiet point in the year, while spring sees a surge of buyers begin their search. And experts project that this year will be no exception.

Right now, buyer demand is low due to a combination of normal

1,005 Views, 0 Comments

think smarter

2023 is here and we couldn’t be more excited about the new year! There are some exciting new developments coming to completion this year which Nick discusses this month. And, he gives tips for those looking to buy in one of these new communities.

What are some of the new buildings you are excited about being completed this year?

The two buildings that I’m really excited about are Raffles Residences and Winthrop Center.  

Raffles Boston Back Bay is going to set a new bar for luxury in the Boston real estate market.  This ultra-premium, 33-story Boston condo building features 146 luxury condos on the upper floors and 147 hotel rooms on the lower floors.  Owners will enjoy the amenities and services provided by the Raffles hotel as well as

981 Views, 0 Comments

Pre-Approval in 2023: What You Need To Know | MyKCM

One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains:

“In a preapproval [sic], the lender tells you which types of loans you may be eligible to take out, how much you may be approved to borrow, and what your rate could be.”

Basically, pre-approval gives you critical information about the homebuying process that’ll help you understand your options and what you may be able to borrow.

How does it work? As part of the pre-approval process, a lender will look at your finances to determine what they’d be willing to loan you. From there, your lender will give you a pre-approval

812 Views, 0 Comments

What Experts Are Saying About the 2023 Housing Market | MyKCM

If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. But what about 2023?

An article from HousingWire offers this perspective:

“The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. But more recently, market conditions have done an about-face. . . . now is the opportunity for everyone to become re-educated about what a ‘typical’ housing market looks like.”

This year, experts agree

842 Views, 0 Comments

Wondering How Much You Need To Save for a Down Payment? | MyKCM

If you’re getting ready to buy your first home in the Boston area, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But don't let a common misconception about how much you need to save make the process harder than it could be.

Understand 20% Isn’t Always the Typical Down Payment

Freddie Mac explains:

“. . . nearly a third of prospective homebuyers think they need a down payment of 20% or more to buy a home. This myth remains one of the largest perceived barriers to achieving homeownership.

Unless specified by your loan type or lender, it’s typically not required to put 20% down. This means you could be closer to your homebuying dream than you

699 Views, 0 Comments