News / Features
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
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
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
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,
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
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
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
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
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
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
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 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 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
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
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 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
