News / Features

This Week in Boston Real Estate: NAR 30 Under 30, Back Bay project and more

Realtor magazine from the National Association of Realtors is gearing up to highlight the best young people in the business for its annual 30 Under 30 honors, and some local professionals are in the running. Randy Horn of Compass

The effect of tax reforms on homeownership

The recently passed Tax Cuts and Jobs Act of 2017 makes significant changes to tax benefits for homeowners, including decreasing the limit on borrowing subject to the mortgage interest deduction from $1 million to $750,000, and capping deductions for both

Almost 100,000 members of Generation Z own homes

More than 99,000 members of Generation Z — those born in 1995 or after — have mortgages, according to credit agency TransUnion. While this is less than than every other generation — compared to more than 12 million millennials, nearly 24

First-time homebuyers to get help from MassHousing

First-time homeownership around the country can be prohibitively expensive, with many millennials opting to continue renting or having to borrow money from family. That’s especially true in Boston, with the average home price around the city in 2017 approaching

After two months of declines, US existing-home sales increase in February

After two consecutive months of decline, existing-home sales around the country rebounded by 3 percent from January, according to the National Association of Realtors. Existing-home sales grew from 5.38 million in January to 5.54 million in February and are currently up 1.1 percent

Report: Millionaires flock to Boston

Anyone in Boston is all too familiar with the high costs of living in the metro area. And while you don’t necessarily need to be a millionaire to afford to live here, millionaires are basically a dime a dozen.

Engel & Völkers expands its presence in Boston’s South Shore

Engel & Völkers recently opened three new real estate shops along Boston’s South Shore. Stalwart local brokerage Vantage Point Realty will now do business as Engel & Völkers Duxbury, Engel & Völkers Norwell and Engel & Völkers Plymouth. The three

Real Estate in Brief: Affordable 3-D printed home makes its debut at SXSW

Source: ICON A Texas-based startup is attempting to tackle the affordable housing issue with a 3-D printed house. ICON unveiled its 650-square-foot 3-D printed house at SXSW 2018. The house would be made of cement and take up to

Qualia’s home-closing platform expands industry reach

Closing is often one of the hardest parts of the home purchasing and selling process due to the difficult process of getting all involved parties on the same page at the same time. Qualia, a web-based software platform, aims

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This Week in Boston Real Estate: What’s the Boston area’s top home sale of the week?

This week’s top Boston area sale belongs to a 10,000-square-foot Colonial located in Weston that sold for $5.345 million, according to the Boston Globe. The four-story home has six bedrooms, seven full baths and two half baths, as well as

Many millennials rely on family support to buy first home

The real estate market has shown home price increases continue to outpace income growth, so it comes as no surprise that millennials are willing to accept financial assistance to achieve their American Dream. A new Apartment List report found that 17.1

Massachusetts pending home sales up in February

The number of pending home sales increased from February 2017 to this February, according to the latest report from the Massachusetts Association of Realtors, marking the ninth increase in the past 12 months. In February 2018, there were 3,981 pending

Millennials remain the most active buying generation for fifth consecutive year

Despite low inventory and rising housing costs, home purchases by millennials grew last year, marking the fifth consecutive year they’ve been the most active generation of buyers, according to a recent study from the National Association of Realtors. The 2018

Bushari Team joins Compass

From its founding in 2008 to the time of its January acquisition by Compass, Boston’s Bushari Real Estate had grown to 45 agents and more than $1 billion in sales volume. Now, Elad and Mara Bushari, the founders of

National mortgage rates on the rise, could impact housing prices

Years of historically affordable mortgage rates could come to an end as rates rise and are expected to escalate even further throughout 2018. So far, mortgage rates have increased nearly 50 basis points since the beginning of this year,

Real Estate in Brief: NAR supports proposed association health plan rule

The National Association of Realtors has expressed support for a new regulation proposed by the U.S. Department of Labor that would expand the definition of “employer” to encompass “working owners” and could result in trade associations like NAR being able

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