Check out our most recent Boston market report - Click here

Tagged : boston real estate

Found 71 blog entries tagged as "boston real estate".

Think Smarter Nick Warren

October is historically one of the best times for buyers to make a real estate purchase. Is it any different in 2021? Nick talks about the current stats of the market, looking at inventory, prices, and what the market is currently like for buyers in the Boston area.

October is typically one of the best months for home buyers. Is that true this year as well?

The fall market is generally not quite as strong as the spring market, so the competition should be less as a buyer.  However, this fall’s data shows that a lot of activity is still happening, so I expect to see scenarios with multiple offers, etc., still.

Does inventory remain scarce throughout Greater Boston?

Yes, compared to this time last year, inventory is down significantly. 

69 Views, 0 Comments

Don’t Wait for a Lower Mortgage Rate – It Could Cost You | MyKCM

 

Today’s housing market in Boston is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve missed out, rest assured today’s mortgage rates are still worth taking advantage of.

Even today, our mortgage rates are below what they’ve been in recent decades. So, while you may not be able to lock in the rate your friend got recently, you’re still in a great position to secure a rate well below what your parents and even grandparents got in years past. The key will be acting sooner rather than later.

In late September,

145 Views, 0 Comments

boston real estate home

The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner.

According to the latest research from the National Association of Realtors (NAR):

Homeownership is a key pathway to building wealth and narrowing the racial income and wealth inequality gap. Housing wealth (equity) accumulation takes time and is built up by price appreciation and paying off the mortgage.”

An increase in equity builds the wealth of the individual that owns it. This wealth can be passed down to future generations. The Federal Reserve in an addendum to their Survey of Consumer Finances explains:

“There are numerous ways families

180 Views, 0 Comments

Early October is the Sweet Spot for Buyers | MyKCM

Are you looking to buy a home in the Boston area? If so, we’ve got good news for you.

While there’s no denying the housing market is having a great year, many of the headlines are focused on the perks for sellers. But what about buyers today? As a buyer, you’re likely braving bidding wars and weighing low mortgage rates versus price appreciation as you search for your dream home. If you find yourself a bit discouraged, hear this: there are clear signs buyers may have more opportunities this fall.

According to realtor.com, the sweet spot for buyers is just around the corner. In a recent study, experts analyzed housing market trends by looking at data from the past several years. When applied to the current market, experts determined the ideal

162 Views, 0 Comments

Think Smarter Nick Warren

The temperatures are cooling, but the Boston real estate market is not! This month, Nick talks about how buyers can best navigate the market if they want to purchase before the end of 2021. He also gives some strategies sellers can utilize to get top dollar during this competitive time.

For buyers looking to make a move before the end of the year, what pieces of advice do you have for them?

For those looking to purchase before the end of the year, whether for personal or financial reasons, one of the biggest things you should plan for is the amount of time it takes to close in real estate. 

Typically, you can expect the actual closing to happen somewhere between 30 and 60 days after putting a property under agreement.  This time frame can be

448 Views, 0 Comments

One of the major storylines over the last year is how well the residential real estate market performed. One key metric in the spotlight is home price appreciation. According to the latest indices, home prices are skyrocketing this year.

Here are the latest percentages showing the year-over-year increase in home price appreciation:

  • The House Price Index (HPI) from the Federal Housing Finance Agency (FHFA): 18.8%
  • The S. National Home Price Index from S&P Case-Shiller: 18.6%
  • The Home Price Insights Report from CoreLogic: 18%

The dramatic increases are seen at every price point and in all regions of the country including New England and the Boston areas.

Increases Are Across Every Price Point

According to the latest Home Price

483 Views, 0 Comments

What Do Experts Say About Today’s Mortgage Rates? | MyKCM

Mortgage rates are hovering near record lows, and that’s good news for today’s Boston homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison.What Do Experts Say About Today’s Mortgage Rates? | MyKCM

Generally speaking, when rates are low, you can afford more home for your money. That’s why experts across the industry agree – today’s low rates present buyers with an incredible opportunity. Here’s what they have to say:

Sam Khater, Chief Economist at Freddie Mac, points out the historic nature of today’s rates:

“As the economy works to get back to its pre-pandemic self, and the fight against COVID-19 variants unfolds, owners and buyers continue to benefit from some of the lowest mortgage rates of all-time.”

Mark Fleming, Chief Economist
622 Views, 0 Comments

Think Smarter with Nick

As summer winds down, Nick looks at the unique real estate market in the Boston area so far this year. He also discusses some upcoming projects and new construction that he is excited about in Boston.

What new construction projects in the city should buyers know about?

There are many great new luxury condo developments in the works here in Boston, but here are two that I’m most excited about seeing!

St. Regis Boston Residences

This new luxury highrise in Boston’s Seaport District is getting a lot of attention already.  It will feature 114 residences with many different floor plans to choose from.  The floor-to-ceiling windows will allow residents to have some of the most spectacular waterfront views in Boston.

Raffles Boston Back Bay

336 Views, 0 Comments

Sellers: Make Today’s Home Price Appreciation Work for You | MyKCM

Home prices continue to rise as we move through the summer, and that’s good news for sellers in the Boston area who are looking to maximize their home’s potential. If you’re on the fence about whether to list your house now or later, the question you should really ask is: will this price appreciation last?

Here’s what three leading industry experts have to say about what lies ahead:

Lawrence Yun, Chief Economist, National Association of Realtors (NAR):

“At a broad level, home prices are in no danger of a decline due to tight inventory conditions, but I do expect prices to appreciate at a slower pace by the end of the year.”

Selma Hepp, Deputy Chief Economist, CoreLogic:

“The imbalance between robust demand and dismal

550 Views, 0 Comments

Key Questions To Ask Yourself Before Buying a Home | MyKCM

Sometimes it can feel like everyone has advice when it comes to buying a home. While your friends and loved ones may have your best interests in mind, they may also be missing crucial information about today’s housing market that you need to make your best decision.

Before you decide whether you’re ready to buy a home in the Boston area, you should know how to answer these three questions.

1. What’s Going on with Home Prices?

Home prices are one factor that directly impacts how much it will cost to buy a home and how much you stand to gain as a homeowner when prices appreciate.

The graph below shows just how much experts are forecasting prices to rise this year:Key Questions To Ask Yourself Before Buying a Home | MyKCM

Continued price appreciation is great news for existing homeowners but

393 Views, 0 Comments