Local News

Real estate news in Boston

Boston’s Condos Appreciating Faster Than Single Family

After years of battling against the popularity of single-family homes, the demand for condos is gaining around many of the nation’s hottest metros, a new report from Zillow showed. Year-over-year, the nation’s condo prices have risen at a rate of

CoreLogic: Boston Cash Sales Fall Below 20%

Cash sales dropped ever closer to the pre-crisis norm of 25 percent in July, falling from 34.2 percent 12 months earlier to 30.8 percent, according to a new report from CoreLogic. With traditional financing becoming a more realistic option

Case-Shiller: Boston Home Prices Rising Solidly

Home prices in Boston have risen steadily, albeit in line with the national averages Home prices in the Boston metro area rose 0.4 percent monthly and 4.6 percent year-over-year in August, according to the new Case-Shiller Home Price Indices from Standard & Poor’s.

LeadingRE Adds Wellesley Brokerage to its Ranks

The Leading Real Estate Companies of the World has added Benoit Mizner Simon, a brokerage from Wellesley, to its ranks, along with 37 other companies from 18 countries. LeadingRE members benefit from many business enhancing services perks, including world class conferences

4 Omens for Boston’s Housing Market

New numbers are out for Greater Boston’s housing market – is the news good or bad? “The third quarter of 2015 has ticked its last tock with the hands pointing firmly upon a reliable clock of a market.” So

Builder Confidence Hits Highest Level in 10 Years

Builders are now more confident than at anytime since the housing boom Builder confidence in the market for newly constructed single-family homes rose three points in October to a level of 64 on the National Association of Home Builders/Wells

Walsh Seeks to Increase Construction Fees to Fund Affordable Housing

The Walsh administration is on the verge of requiring that real estate developers make more of an effort to create affordable housing, amidst Boston’s biggest building boom in a generation. The new requirement is due to steep rent increases and a

Boston Real Estate Professionals Are Earning More

The Business Journals, analyzing the latest Census Bureau data, has compiled a list of the most profitable U.S. cities for a wide range of professions, including loan officers and real estate agents. In Boston, 2014 salaries for loan officers

Boston’s Top Neighborhoods for Luxury Real Estate

What Boston neighborhoods see the highest share of luxury home sales? The 02116 ZIP code, which includes the Back Bay and Bay Village neighborhoods, was the top luxury housing market in Boston in the second quarter, with 77 sales

CoreLogic: Massachusetts Gains More Foreclosures Than Any State in August

Recovery continues as foreclosure levels dropped yet again in August. National foreclosure inventory fell 25.2 percent year-over-year and completed foreclosures dropped 20.1 percent, according to a new report from CoreLogic. The latest decline in foreclosures is only the latest step

Boston Among Nation’s Top 20 Markets

The Urban Land Institute released its 2016 Emerging Trends in Real Estate report and survey recently – the 36th edition of the institute’s trends and forecast report – providing analysis of the nation’s top real estate markets, and subsequently

Massachusetts Sees Rise in “Zombie” Foreclosures

Chicago holds a majority of zombie foreclosures, vacant homes Despite a 43 percent national drop of “zombie” foreclosures, they still remain a problem in several parts of the country, according to a RealtyTrac study, including Massachusetts who saw an increase. The study,

Average Rent in Boston Approaches $2,000 Tipping Point

The rental market in Boston has been red-hot for some time now, and it is approaching a milestone The average rent in Boston’s housing market is nearly $2,000, and the area’s rental growth remains strong. Those were the main findings in the latest

CoreLogic: Surging Boston Prices Threaten Affordability

Sales continued their strong march forward in August, as CoreLogic reported both year-over-year and month-to-month increases. While the extent of home price gains varied often and sometimes greatly from metro to metro in August, the national direction has remained

Boston’s Most Competitive Neighborhood Housing Markets

Boston has one of the nation’s hottest housing markets, but what neighborhoods are seeing the most activity? According to the latest research from GBAR, it takes of average of 44 days to sell a home in the city of

WalletHub: Massachusetts Best State for Teachers in U.S.

Massachusetts Best Overall Thanks to Top School System Ranking, High Salaries Massachusetts was ranked as the best state for teachers in a WalletHub study. The study looked at subjects such as the job opportunity for teachers in U.S. states, along

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