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Think Smarter with Nick Warren

Found 27 blog entries about Think Smarter with Nick Warren.

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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Think Smarter with Nick

Nick provides an update on the newest regulations and changes regarding COVID-19 and its impact on the Boston real estate market. He also looks at the trends over the past month to analyze the adjustments the market has made during this time.

What are the current regulations buyers and sellers need to know when it comes to Boston real estate as it relates to COVID-19?

For our buyers and renters looking at property, we are working with landlords and sellers to come up with a plan that prioritizes safety and health above all else. This includes virtual tours, one-on-one showings, digital floor plans, and more. We are working with our clients to understand their protections during this time and helping connect them with legal professionals that can

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Think Smarter with Nick

With everything going on with the coronavirus, there have been a lot of changes in the Boston real estate market. Nick outlines some of the things buyers and sellers can expect right now as well as what BHHS Warren Residential is doing during this time to help our clients. He also gives a couple of suggestions on things people can do at home to enjoy the Boston community they love.

Although it is evolving often, what are some of the things buyers and sellers need to know about the coronavirus impact on Boston real estate?

This is the question that our clients are asking us most often but is probably one of the hardest to actually answer.  As of today, we are still seeing transactions happen but the volume is significantly down compared to this

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Think Smarter with Nick

This month, Nick takes a look at the multifamily market and offers tips for investing in Boston’s real estate market. As the months turn warmer and the spring season is upon us, the time may be perfect to look for investment opportunities. He also looks at changes in Boston’s multifamily market over the past few years and predicts what we can expect to see in 2020.

For someone looking to make their first investment purchase in Boston, what tips would you give them?

The first thing you should do is talk to a lender who has experience with investment properties to find out what you can afford.  Investment properties require higher down payments and the mortgage rates are typically higher than those used when lending on a personal residence.  This

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Think Smarter with Nick

The Groundhog did not see his shadow so that means spring is, hopefully, right around the corner! With warmer weather tends to come more buyers in the market looking to purchase in the new year. Nick gives tips for finding your first home as well as some thoughts on how the market will evolve in the first part of 2020.

For those looking to make their first home purchase, what 3 tips would you give them?

  1. Be Patient - Right now we are at the lowest inventory levels I have ever seen in my career.  This means that you won’t have an abundance of listings to choose from in most neighborhoods.  We are hoping to see this change when the Spring market starts so just be patient and you will eventually find something you love!

  2. Don’t be

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Think Smarter with Nick

This month, Nick takes a look at how the market has shifted since last year based on the numbers. He discusses the trend many experts are seeing as Boston shifts into more of a buyer’s market. He also gives tips to buyers looking to make a purchase early in the new year.

According to a recent article, the Boston condo market has seen a slight decline in the number of sales and median sales price. What are your thoughts on this?

It is certainly true we are seeing a shift in the overall market here in Boston.  With that said, you have to remember that we were in a seller’s market for so many years that any change is going to feel significant.  As I have said before, I expect most of Boston’s neighborhoods to arrive in a neutral market (3-6 months

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