
As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales.
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As we move into the second half of 2024, here’s what experts say you should expect for home prices, mortgage rates, and home sales.
As we edge closer to 2024, what can we expect from Boston's vibrant real estate market? With over a decade of experience in helping clients navigate this dynamic market, I'm here to share my predictions for buyers, sellers, and renters in the coming year.
As we enjoy the warm summer days in Boston, it is the perfect time to talk about building amenities like roof decks! This month, Nick talks about some of his favorite luxury buildings around the Boston area and the many perks of choosing to live in one. And he gives tips on finding these properties on our newly launched website!
In the time it took you to read this, eight homes sold.
As the weather warms up and the housing market continues to sizzle, we'll discuss the importance of staging your home for sale and exploring some of our city's fantastic summer activities.
For generations, the process of buying and selling a home in the Boston area never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the full price they could offer and still get the home. As a result, the listing price was generally the ceiling of the negotiation. The actual sales price would almost always be somewhat lower than what was listed. It was unthinkable to pay more than what the seller was asking.
In today’s housing market, it seems harder than ever to find a home to buy, especially in the Boston area. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage rates and purchase a home, housing inventory dropped even further. Experts consider this to be the biggest challenge facing an otherwise hot market while buyers continue to compete for homes. As Danielle Hale, Chief Economist at realtor.com, explains:
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