Boston Real Estate Market

Found 20 blog entries about Boston Real Estate Market.

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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All of us are spending more time at home right now but that does not mean that you have to miss out on many of the experiences that make Boston a special place to live. Using the joys of technology, there are a ton of ways to "see" and "visit" Boston landmarks and attractions from the comfort of your home. Here are some of our favorite online experiences:

Boston Symphony Orchestra

The BSO is holding nightly concerts, Monday through Saturday, at 8 pm online for free! What a great way to remind of ourselves of the value of live performances. Check them out here.

Here is the upcoming schedule:

March 30 - Christian Zacharias Conducts Schubert
March 31 - Tetzlaff Plays Beethoven's Violin Concerto
April 1 - Moser Plays Dvorák
April 2 - A Midsummer

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boston restaurants 2020

The Boston dining scene can sometimes be underrated, in our opinion. But from Michelin-rated eateries like Barbara Lynch’s No. 9 Park and Menton to classics like Union Oyster House, there are some places to find an amazing meal throughout the city. We have seen a lot of changes in the past few years as new places have opened and we have had to say goodbye to some delicious favorites. (We miss you, L’Espalier). This year is destined to bring some exciting new restaurant options including these 5 we can’t wait to check out:

Krasi 

The owner of Committee and Greco is opening a Greek wine bar called Krasi in Back Bay as early as next week. It will feature one of the largest selections of Greek wines in the country as well as some amazing food. We

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the most affordable Greater Boston communities for families

Finding an affordable, yet family-friendly neighborhood in the Boston area can sometimes feel impossible. With continuously rising median home prices, affordability is hard to come across in this city.

But, there are still plenty of phenomenal neighborhoods in the greater Boston area that are ideal for growing families.

Not only are these communities filled with outstanding schools, parks, and shopping centers, they have tons of affordable homes on the market.

To help you with your home search, here are the most affordable neighborhoods for families in greater Boston:

Somerville, MA

With seemingly endless cultural events, music festivals, and craft breweries, Somerville has become an increasingly popular place for both first-time

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Staging your Boston Home to Sell Quickly

In order to sell your home quickly in Boston, you need to make it as desirable as possible to potential homebuyers. One of the best ways to do this is by staging.

In fact, staged homes sell 87% faster than non-staged homes. This is because these homes display furniture in a way that maximizes the beauty and size of the rooms.

Here are some tips on how to stage your Boston home so it can sell quickly:

Clean Up the Clutter

One of the best home staging tips for selling your Boston home is to clean up the clutter.

After a few years of living in the same home, you might have papers piling up in a corner of your house or towels overflowing your closets. But now that you're selling your home, it's time to clean them up.

Tidy up every square

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Think Smarter with Nick

Nick discusses our newly launched annual report looking at Boston real estate market trends in 2018. He also responds to many news outlets' reports that the market will slow down soon - see what he thinks.

Looking at the 2018 Annual Warren Report: Condo Edition, what trends do you find interesting?

In my opinion, an annual report gives you a much clearer picture of the market compared to what a quarterly report can provide.  In many cases, a quarterly report’s data can be skewed by outliers simply because the sample size is too small. An annual report has enough data to verify the trends we thought we were seeing in the quarterly reports.  From what I can see so far, the annual report has confirmed the same trends that we started to identify

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echelonseaport boston main image

Echelon Seaport is a new construction luxury condo and apartment development in Boston’s Seaport District. It is going to feature three mixed-use towers with over 1.3 million square feet across 3.5 acres. Two of Echelon Seaport’s three towers will be home to 400 condominium units available for purchase. The third tower will feature luxury apartments available for rent. One of the highlights of Echelon Seaport is the amenities that the residents who will live here will get to enjoy. These include two signature outdoor pools with landscaped sun decks and terraces as well as an indoor pool. Concierge service will be available 24 hours a day and residents will be able to park their vehicles in the underground garage. Echelon Seaport is slated to be

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