News / Features

Redfin: More homebuyers than ever bid on homes before seeing them in person

More than one-third of people — 35 percent — who bought homes last year submitted a bid without ever seeing the homes in person. According to a recent Redfin, this is an increase from 33 percent in May 2017 and significantly

Boston sales steady as buyers ‘more motivated than ever’

Home and condo sales in Boston remained near record levels in January 2018 despite dipping 5.9 percent to 787 from January 2017, according to the Greater Boston Association of Realtors. That marks the fifth-highest sales total on record and

Keller Williams hopes to become the Amazon of real estate

When Amazon opened for business in 1995, Jeff Bezos hoped to create the biggest bookstore in the world. Over the course of the next two decades, Amazon not only accomplished that feat, but also expanded its reach to become

Boston Ritz-Carlton penthouse sale breaks record

The recent sale of a penthouse at Boston’s Ritz-Carlton was one for the record books, as it is the most expensive of all previous residential unit sales in the development’s two residential towers. Penthouse 2A at the 2 Avery St. tower,

Pending home sales drop to lowest level since 2014

The Pending Home Sales Index dropped 4.7 percent in January after three months of increased activity. Based on contract signings, the forward-looking index fell from a downwardly revised 109.8 in December 2017 to 104.6 in January 2018. The Pending

Starter homes surge in value over the past five years

As the demand for entry-level homes continues to rise across the country, a new report shows owners of entry-level and starter homes are gaining equity faster than owners of higher-end homes. Owners of starter homes have seen their equity

Luxury home prices level off after post-recession housing boom

After eight years of the post-recession housing boom and the record-breaking price increases of recent years, the luxury residential market stabilized in 2017, according the luxury market report by The Institute for Luxury Home Marketing, a partner in the

Real Estate in Brief: FHA to expand foreclosure relief for 2017 disaster victims

The Federal Housing Administration revealed its plans on Feb. 22 to broaden foreclosure relief for the victims of 2017’s natural disasters. The move would affect all FHA-insured homeowners in areas affected by Hurricanes Harvey, Irma and Maria, as well as

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Digital app Abode aspires to make buying homes more accessible

Abode, a new free digital platform that aims to make the homebuying and selling process easier for both consumers and real estate agents, was launched in 2017 by tech entrepreneurs Kyle Stoner and Carson Junginger. “People often describe buying

Zillow: Home value growth is slowing nationwide as mortgage rates rise

National home values are rising at their slowest pace since November 2016, according to the most recent Zillow Real Estate Market Report. Home values increased 6.7 percent last year to a median home value of $207,600, marking the slowest pace

This Week in Boston Real Estate: Boston Harbor Garage plans, Brighton proposal and more

Since 2007, the Boston Harbor Garage has been the subject of a number of tried and failed redevelopments, and its owner, the Chiofaro Co. has stepped up to the plate with another proposal. The Boston Development & Planning Agency

Boston’s public transportation ranks among top in US

Boston ranked No. 3 in a recent Transit Score ranking from Redfin, largely due to the geographic reach and convenience of its Massachusetts Bay Transportation Agency. Boston’s transit system, which includes America’s first subway, experienced a 1.8 decrease in

Existing-home sales down for the second consecutive month in January

Existing-home sales fell 3.2 percent in January for the second consecutive month, according to the National Association of Realtors. Last month’s total existing-home sales, including single-family homes, townhomes, condominiums and co-ops, saw the largest annual decline in more than

Real estate tech company Homesnap secures $14 million in funding. How can it help agents?

With its double-pronged approach to cater to both agents and homebuyers, Homesnap continues to increase its reach in the industry, recently securing $14 million in series B funding. Homesnap serves more than 800,000 agents and brokers, helping them boost productivity

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Real Estate in Brief: Builder confidence steadies, home sizes decrease and more

While tight inventory continues to nag the U.S. housing industry, homebuilders around the country are confident in the market, according to the National Association of Home Builders. The Housing Market Index revealed that builder confidence for new single-family homes

Compass acquires Westchester’s Platinum Drive Realty

  Compass recently announced its acquisition of 100-agent Westchester agency Platinum Drive Realty. Launched in 2006 by Heather and Zach Harrison, Platinum Drive sold $238.7 million worth of real estate in 2017 and for the past four years, it earned

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