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Think Smarter with Nick Warren

Found 32 blog entries about Think Smarter with Nick Warren.

Think Smarter with Nick

As we head into the spring market, Nick discusses how this year compares to years past in terms of the Boston real estate market. With housing inventory down over 25% nationally, it is a seller’s market in many areas. Nick gives tips for those looking to make a purchase during this time and also advises how sellers can best take advantage of this market.

According to the National Association of Realtors latest report, housing inventory across the country is down by 25.7% year-over-year. What are you seeing specifically in the Boston area?

We are really looking at two entirely different real estate markets when it comes to Boston vs. the suburbs.  In Boston, our condo inventory is actually up 32.85% YoY (as of 3.15.21) yet, in the suburbs,

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Think Smarter with Nick

Buying a home in the Boston area can be confusing - especially if it is your first time. There are a lot of questions and misconceptions out there. Nick discusses some of the questions he is asked most often as a Boston real estate expert. If you are thinking about buying this year, you don’t want to miss this blog post!

Does a buyer really need 20% down to buy a home in the Boston area?

No, they definitely don’t.  There are plenty of programs from lenders that allow buyers to put less than 20% of the purchase price down.  However, there are restrictions that come with lower downpayment loans such as minimum credit scores and maximum loan amounts which could affect someone’s ability in getting that type of loan.  

The other factor to consider

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Think Smarter with Nick

2021 is here, and we could not be more excited! Nick makes his predictions for the Boston city market with a new year ahead of us and what he thinks we will see for buyers, sellers, and renters throughout the Downtown markets.

As we head into 2021, what predictions do you have for the city market - specifically the downtown neighborhoods?

We are now just over a couple of weeks into 2021, and we have already seen about 23% more condos in Boston go under agreement vs. the same period in 2020.  I regularly meet with our agents to gain perspective on the market, and most have told me that this is the busiest January they have ever experienced.

With the vaccine rolling out and a new administration in the White House only days away from taking

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Think Smarter with Nick

The end of 2020 is here and many would say they are looking to 2021 for brighter days! Nick gives his predictions on what he thinks we can expect from the market next year for buyers, sellers, and renters. Plus, he gives a piece of advice to anyone looking to make a move next year!

What are your predictions for the Boston real estate market as we head into 2021?

The reasons people loved living in Boston, or any major metropolitan city for that matter, such as convenience and the overall experiences it provides for its residents, have all been turned upside down since the pandemic hit.  My prediction is that it will take about 12-18 months after a vaccine is widely distributed for the energy and excitement of city living to return.  But, once it

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Think Smarter with Nick

As we head into cooler months and the holiday season, the Boston real estate market historically cools off a bit as well. Nick gives his thoughts on what we can expect this year as well as some tips for staying on top of the latest changes in Boston real estate.

How do you predict the market will trend as we head into cooler months in Boston?

Generally you can expect the real estate market to slow down during the winter months, especially if we get one of those terrible New England winters that makes you want to just sit on your couch with a blanket and binge watch Netflix until April.  With that said, this winter, like most of 2020, might be slightly different.  

There is still lots of demand for housing and with rates still remaining near

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Think Smarter with Nick

This month, Nick takes a look at the Boston luxury market and discusses how it has changed over the past six months in both condominium and single-family sales. He also explains how the market for luxury rental homes has changed in the city and around the Boston downtown area.

As buyer preferences shift, what changes have you seen in the Boston luxury condo market, specifically in downtown neighborhoods?

Since COVID arrived, we’ve seen a dramatic shift in buyer preferences.  With people spending more and more time at home, the demand for larger square footage and outdoor space has increased dramatically.  This, combined with the fact that many people are no longer location dependent due to working from home, has caused many buyers to shift their

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Think Smarter with Nick

As we head into autumn and a traditionally popular time to sell homes in the Boston area, Nick discusses trends in the market and how this year may be a bit different. He also gives tips for sellers looking to sell during this time and offers a golden piece of advice for buyers looking to make a purchase by the end of the year.

What are you seeing as far as market activity as we head into the fall of 2020?

So far, the fall market is off to an extremely fast start.  Our agents are busier than ever with both listings and buyers.  In Boston, our buyers have about 50% more inventory to choose from than at this time last year which is allowing some of them to finally have a chance to purchase in the city.  The pandemic has caused a lot of people to

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Think Smarter with Nick

August is here and we hope you have been enjoying the wonderful weather and some outdoor time at home, on the Cape, or wherever you may be! This month, Nick takes a look at the Boston rental market and the changes being seen over the past few months. He also gives tips on how you can enjoy these wonderful summer days!

Over the past few months, we have seen some shifts in the rental market in and around Boston, can you talk a bit about this? 

The rental market here in Boston has taken a significant hit over the past few months.  As of today (August 17th) we have 4740 units currently on the market vs 1807 at the same time last year (per MLS).  This is an increase of 162.31%!  We now have 6.41 months of supply just sitting there vs 2.33 last

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Think Smarter with Nick

Nick looks at what many experts are saying in regards to home prices as we enter into the second part of 2020. He also explains the unique aspects of the Boston real estate market and what buyers and sellers can expect if they plan to make a real estate transaction through the end of the year.

In a recent blog post, we looked at what many experts are saying about future home prices. What do you think about their predictions?

While I don't have a crystal ball, the lack of inventory due to the pandemic in most major markets across the country has caused a bit of an imbalance in supply and demand.  In the Boston area, we are already seeing a buyer feeding frenzy in many locations and more specifically in certain price-points. As things slowly

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Think Smarter with Nick

As Boston continues through its reopening phases and summer arrives, Nick gives his projections on what buyers and sellers can expect in the Boston real estate market over the next few months. He also shares some ways to enjoy this wonderful time of year in the Boston area!

What can buyers expect over the next few months and how can they best navigate the market during this time?

The past few months have been a rollercoaster ride for people in the real estate market.  Instead of seeing new inventory come to market this past March, COVID-19 caused many sellers to put their plans of listing on pause.  This caused an extreme imbalance of supply and demand and left a lot of buyers frustrated with what they had to choose from.  Luckily, over the past

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