All Blog Entries by Greg Kiep

Found 58 blog entries published by Greg Kiep.

Home Prices: It’s All About Supply and Demand | MyKCM

As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on home prices. Looking at the big picture, supply and demand will give us the clearest idea of what’s to come.

Making our way through the month of June and entering the second half of the year, we face an undersupply of homes on the market. Keep in mind, this undersupply is going to vary by location and by price point. According to the National Association of Realtors (NAR), across the country, we currently have a 4.1 months supply of homes on the market. Historically, 6 months of supply is considered a balanced market. Anything over 6 months is a buyer’s market, meaning prices

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moving greater boston josh stephens

Josh has been an award-winning agent with Berkshire Hathaway HomeServices Warren Residential since 2013 and a true innovator in the world of Boston real estate. He recently was named the number one agent in Massachusetts for the entire first quarter of 2020 alongside his team, Moving Greater Boston. This achievement comes after numerous monthly and annual awards over the past years as a result of his hard work with clients and referral network. Josh was also chosen to serve on the Berkshire Hathaway HomeServices national REthink Council, a position bestowed by BHHS executives to 15 agents among thousands of applicants. Truly his achievements speak to his incredible work ethic and the passion he brings to the Boston real estate market.

A Few

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Think Smarter with Nick

Nick provides an update on the newest regulations and changes regarding COVID-19 and its impact on the Boston real estate market. He also looks at the trends over the past month to analyze the adjustments the market has made during this time.

What are the current regulations buyers and sellers need to know when it comes to Boston real estate as it relates to COVID-19?

For our buyers and renters looking at property, we are working with landlords and sellers to come up with a plan that prioritizes safety and health above all else. This includes virtual tours, one-on-one showings, digital floor plans, and more. We are working with our clients to understand their protections during this time and helping connect them with legal professionals that can

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With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new spring for real estate.

Joel Kan, Economist at The Mortgage Bankers Association (MBA) notes:

“Applications for home purchases continue to recover from April’s sizable drop and have now increased for five consecutive weeks…Government purchase applications, which include FHA, VA, and USDA loans, are now 5 percent higher than a year ago, which is an encouraging turnaround after the weakness seen over the past two months.”

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ShowingTime, a market stats technology provider for the real estate industry, recently released its data on showing statistics for the first few weeks of May. As you can see from the graph below, showing activity actually surpassed 2019 levels and continued to climb as the month progressed. Indicators such as this help highlight the strength of the Boston real estate market and suggest that the market activity expected in spring may just occur a bit later this year.

Massachusetts Showings May 2020

As the country begins to slowly reopen, moving forward in strategic phases, business activity will help bring our nation back to life. Many economists indicate a recovery should begin to happen in the second half of this year. Here’s a look at what some of the experts have to say:

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[This is a guest post by Bryce Thompson].

Being stuck within the same set of walls for weeks at a time is enough to give even the most introverted homebody a case of cabin fever. But this particular cloud has a silver lining. When you’re unable to go out, staying in can be a lot more bearable with a good project or two. If you’re stuck at home, there are plenty of easy improvements you can tackle. 

Where There’s a Wall, There’s a Way

Boston Painting

Interior painting is the ultimate do-it-yourself project. It doesn’t require a lot of specialized equipment. You can do it in pieces, so you can move at your own pace. And the materials you’ll need are inexpensive — especially when compared to lumber and other DIY project staples. Two tips from the pros:

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The coronavirus continues to impact the entire world - causing disruption and changes in all industries and the Boston real estate market is no different. As the situation develops and new aspects are learned, we continue to monitor and evolve with regulations to protect clients and better navigate the changing environment. These unprecedented circumstances impact all aspects of the real estate transaction from showings to closings and everything in between. At Berkshire Hathaway HomeServices Warren Residential, we continually read guidance from the National Association of REALTORS® (NAR), WHO, and CDC as well as local organizations to make sure we are operating in the best interest of our staff and clients' safety. 

As an office, we are following

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James Lynch Boston Realtor

For over ten years, James has worked with investors, buyers, and sellers in the Greater Boston. As a senior associate at BHHS Warren Residential, he offers a personalized experience for his clients, allowing them to realize their unique real estate dreams even in a tight market. As a result, most of his business comes from referrals. A few years ago, he put all of his listings on the market under agreement in only the first weekend, each more than 5% over the asking price. This highlights his tremendous knowledge of the market and dedication to achieving success for his clients. "James has built his home and a wonderful business in Boston and his clients know that he truly loves this city," says Nick Warren, CEO. "This is even evident in his social

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MGH BHHS Pizza Warren Residential

We are so proud of our agents for coming together and sending lunch to the healthcare workers on the Blake 12 ICU Floor at Mass General Hospital. This unit has recently been changed over from a trauma surgical ICU to one which only handles COVID-19 patients. The nurses, doctors, and staff, which include our CEO Nick Warren wife, Nicole Anne Warren, are putting their own health and safety on the line to help the people who need it most. They are true heroes during this difficult time. We encourage other businesses and individuals to consider sending lunch to one of the area hospitals to support these hard-working people and give them a delicious break. Plus, this is the time we need to continue supporting local restaurants like The Upper Crust Pizzeria

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Think Smarter with Nick

With everything going on with the coronavirus, there have been a lot of changes in the Boston real estate market. Nick outlines some of the things buyers and sellers can expect right now as well as what BHHS Warren Residential is doing during this time to help our clients. He also gives a couple of suggestions on things people can do at home to enjoy the Boston community they love.

Although it is evolving often, what are some of the things buyers and sellers need to know about the coronavirus impact on Boston real estate?

This is the question that our clients are asking us most often but is probably one of the hardest to actually answer.  As of today, we are still seeing transactions happen but the volume is significantly down compared to this

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