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Tagged : boston real estate news

Found 75 blog entries tagged as "boston real estate news".

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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

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We can’t believe that 2022 is coming to a close but are so thrilled about welcoming a new year! This month, Nick talks about some of his favorite things to do in Boston in the winter months and also how sellers can best prepare their homes for sale if they want to hit the spring market!

What are some of your favorite winter activities around Boston?

There are so many fun and interesting activities around Boston in the winter months. These are some of my favorites to enjoy with my family:

  • Ice Skating at the Frog Pond:  Located in Boston Common, the Frog Pond is a popular spot for ice skating during the winter months. Imagine hosting a holiday party and inviting guests to enjoy the magic of ice skating in the heart of the city.
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What To Expect from the Housing Market in 2023 | MyKCM

The 2022 housing market has been defined by two key things: inflation and rapidly rising mortgage rates. And in many ways, it's put the market into a reset position.

As the Federal Reserve (the Fed) made moves this year to try to lower inflation, mortgage rates more than doubled – something that’s never happened before in a calendar year. This had a cascading impact on buyer activity, the balance between supply and demand, and ultimately home prices. And as all those things changed, some buyers and sellers put their plans on hold and decided to wait until the market felt a bit more predictable.

But what does that mean for next year? What everyone really wants is more stability in the market in 2023. For that to happen we’ll need to see the

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If you’re trying to decide whether or not to sell your house in the Boston area, recent headlines about home prices may be top of mind. And if those stories have you wondering what that means for your home’s value, here’s what you really need to know.

What’s Really Happening with Home Prices?

It’s possible you’ve seen news stories mentioning a drop in home values or home price depreciation, but it’s important to remember those headlines are designed to make a big impression in just a few words. But what headlines aren’t always great at is painting the full picture.

While home prices are down slightly month-over-month in some markets, it’s also true that home values are up nationally on a year-over-year basis. The graph below uses the

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As 2022 winds down, Nick discusses the changes we have seen this past year and his predictions for 2023. He talks about what sellers should be doing to optimize their homes for sale and what buyers can expect as we see the market cool down a bit.

What will we see in the Boston real estate market in 2023?

The first quarter of 2023 will be much like Q4 of 2022.  We are in the middle of a transition period where buyer and seller expectations are not quite lined up.  Every month that goes by should get those expectations closer to reality, which will result in more and more transactions happening. 

What can sellers be doing now to optimize their listings?

Sellers need to be aware of the changes in the market and understand that pricing it

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Sell Your House Before the Holidays | MyKCM 

As you look ahead to the winter season, you’re likely making plans and thinking about what you want to achieve before the year ends. One of those key decision points could be whether or not you want to move this year. If the location or size of your current home no longer meets your needs, finding a house that better suits your lifestyle may be a top priority for you. But with today’s cooling housing market, is it really a good time to sell your house, or should you wait?

If you’re ready to make your decision, here are three reasons you may want to consider selling before the holidays.

1. Get One Step Ahead of Other Sellers

Typically, in the residential real estate market, homeowners are less likely to list their houses toward the end of

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3 Trends That Are Good News for Today’s Homebuyers | MyKCM

While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home in the Boston area.

As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends that may benefit you when you go to buy a home today.

1. More Homes To Choose from

During the pandemic, the housing supply hit a record low at the same time buyer demand skyrocketed. This combination made it difficult to find a home because there just weren’t enough to meet buyer demand. According to Calculated Risk, the supply of homes for sale increased by 39.5% for the week ending October 28 compared to the

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With our new Q3 market report just released, Nick takes a look at what he is seeing right now in the Boston real estate market. And, he gives his thoughts on what buyers and sellers can expect through the rest of the year.

What are some of the interesting trends you see in the recent market report?

The biggest trend I am seeing is that fewer transactions are happening in almost every neighborhood vs. 2021.  This is something that we were expecting with rising interest rates and economic uncertainty that we are experiencing.

How do you expect these trends to impact buyers and sellers over the next few months?

Fewer transactions mean that demand is softening which, with rising interest rates, is expected.  This means that sellers have to

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Over the past two years, the substantial imbalance of low housing supply and high buyer demand in the Boston area pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point.

The graph below helps tell the story of just how different things are today.

The Latest on Supply and Demand in Housing | MyKCM

This year, buyer demand has eased as higher mortgage rates and mounting economic uncertainty moderated the market. This slowdown in demand is clear when you look at the red bar on the graph. It uses the latest data from ShowingTime to illustrate how showings (an indicator of buyer demand) have softened by just over 12% compared to the same time last year.

Now for a look at how housing supply has changed, turn to

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Two Questions Every Homebuyer Should Ask Themselves Right Now | MyKCM

Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But this rise in borrowing cost shows no signs of letting up soon.

Economic uncertainty and the volatility of the financial markets are causing mortgage rates to rise. George Ratiu, Senior Economist and Manager of Economic Research at realtor.com, says this:

“While even two months ago rates above 7% may have seemed unthinkable, at the current pace, we can expect rates to surpass that level in the next three months.”

So, is now the right time to buy a

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