News / Features

Real Estate in Brief: Sight-unseen offers decrease, Zillow names new head of federal government relations and more

Fewer homebuyers are making sight-unseen purchases, according to Redfin. In a recent survey, only 20 percent of recent homebuyers made an offer sight-unseen compared to the 35 percent in 2017. In May, Redfin analysts noticed sight-unseen offers returned to

Ranking Boston’s suburbs for millennial buyers

The Boston metropolis has become home to many college students and young professionals. In fact, David Wluka, a real estate agent and member of the National Association of Realtors, reported that within the last year 31 percent of property buyers in the greater Boston

See the US cities with the highest immigrant homeowner rates

The United States currently has the highest percentage of immigrants since 1910 with 13.7 percent of the population being foreign-born. This has led to economic growth from 2011 to 2016 that accounted for much of the nation’s post-recession growth

Boston developers now required to disclose investor, employee diversity

A new ordinance from the Boston Planning and Development Agency announced on Oct. 9 that it will require any developer with plans to build on public land to provide a diversity and inclusion statement as part of the request

Real Estate in Brief: Americans still want their dream home, foreclosure rates shrink and more

Americans are fixated on owning their dream homes despite the current housing market trends, a new survey from the PenFed Credit Union National Mortgage Survey revealed. Over the next two years 37 percent of adults and 52 percent of

Boston Agent Who’s Who launch party celebrates real estate’s best

Some of the best and brightest in Boston real estate were honored by Boston Agent magazine at the release party for its annual special edition, the 2018 Who’s Who in Boston Real Estate issue. The event was hosted on

Zillow: Younger Americans more likely to use money for down payment over renovations

Two-thirds of homeowners would prefer to renovate their current home rather than make a down payment on a new one, according to a new report from Zillow. Overall, it seems that homeowners are happy with their current homes, with

Rising home values can help homeowners, but it may cost them

Thanks to rising home values, more American homeowners are looking to tap into home equity that continues to grow, according to a recent survey conducted by Bankrate.com and research firm GfK f. But even though leveraging home equity into

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This Week in Boston Real Estate: 2019 predictions, brokerage tech and more

The Urban Land Institute hosted its Fall Meeting in Boston Oct. 8-11 at the Boston Convention and Exhibition Center. The Institute’s annual “Emerging Trends in Real Estate” report was a central topic of discussion, as it marked the 40th

Real Estate in Brief: Zillow lawsuit tossed, Trump tax evasion, and more

After almost five years of record-low inventory and record-high prices, prospective homebuyers are finally experiencing some relief. Realtor.com released their September housing report which revealed that new listings to the housing market saw an 8 percent increase over this time last year. With 465,000

Hugh Frater announced as Fannie Mae interim CEO beginning next week

Fannie Mae named Hugh Frater as the interim CEO as Tim Mayopoulos announced he will step down Oct. 15. In July, Mayopoulos announced he would be leaving his position at the end of this year. Frater will serve as

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What keeps buyers from choosing new construction?

New construction homes continue to attract buyers, with an estimated 38 percent of all buyers considering a newly constructed home over the past year, according to a report released by Zillow Group. However, only 11 percent purchased one. Zillow

Real Estate in Brief: Reverse mortgages, annoying neighbors and more

The Federal Housing Administration (FHA) issued this Friday a new policy that will be implemented on Oct. 1, requiring second property appraisal on loans previously indicated by the FHA as potentially having inflated property valuation from reverse mortgage lenders.

This Week in Boston Real Estate: Winthrop Square tower, local mayors sign on to housing and more

Millennium Partners got confirmation to begin building its 691-foot, 1.6 million-square-foot condo and office tower at the site of the Winthrop Square Garage. On Sept. 27, Millennium Partners announced they had closed on a deal to purchase the garage

ERA gains new affiliate in Boston

Great Spaces Real Estate in Dorchester recently announced they would be partnering with ERA Real Estate as an affiliate. As ERA partners with Great Spaces, the Dorchester brokerage said they will continue working closely with the community. For ERA, their

Realogy, Keller Williams are latest to test iBuyer service

More national brokerages have announced plans to join other real estate firms like Zillow and Opendoor in piloting an instant-offer home listing service, often known as iBuying. On Sept. 25, Realogy, which owns major residential brokerages like Coldwell Banker,