News / Features

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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

This Week in Boston Real Estate: Boulevard nears completion on the waterfront, MassMutual consolidation and more

Boulevard’s boutique building at 110 Broad St. beside the Rose Kennedy Greenway in downtown Boston officially topped off this week. The development’s position between the financial district and the waterfront made it an attractive location. The luxury development replaced a

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Report: Low inventory not enough to dampen strong demand in Massachusetts

Median home prices and sales increased in Massachusetts year over year in January, according to a new report from the Massachusetts Association of Realtors. “Buyers continue to come out in force and make offers on homes in Massachusetts this winter,”

Redfin: A quarter of buyers would be ‘unfazed’ by rising mortgage rates

As the mortgage rate slowly rises in the beginning of this year, only 6 percent of homebuyers said they would cancel their plans to buy if mortgage rates surpassed 5 percent, according to a late 2017 survey by Redfin. By the end

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With rising in home prices, nearly two-thirds of the market hit all-time highs

In the final three months of 2017, home prices overall reached an all-time high in 114 markets, according to the latest quarterly report by the National Association of Realtors. The national median price for a single-family home in the

What wealthy millennials want in their luxury homes

Rich millennials, dubbed the “New Aristocracy”, are shaping to be a profitable and impactful generation in the world of real estate. According to a recent report by Luxury Portfolio International, New Aristocracy buyers, driven by large inherited wealth, are

Lennar and CalAtlantic finalize merger, now officially nation’s largest homebuilder

Lennar’s previously-announced merger has succeeded, now making CalAtlantic a wholly-owned subsidiary. The merger was approved by 99.4% of the Lennar stockholder votes and 99.9% of the CalAtlantic votes, according to Housing Wire. “We are extremely pleased to announce the completion of

National Real Estate News Briefs: Trulia launches new tool to provide local LGBTQ non-discrimination laws

Trulia has launched a new tool to help homebuyers who may encounter discrimination due to their gender or sexual orientation. The real estate listing company will now include a feature called Local Legal Protections, that gives insight into a

Single homebuyers require 11 years of saving to afford a down payment

Singles aspiring to become homeowners require patience before they can fulfill this element of the American dream, almost 11 years’ worth, according to a new Zillow analysis. To afford a 20 percent down payment on the average U.S. home,

This Week in Boston Real Estate: Aging millennials, Suffolk Downs progress and more

Resistant as they once might have been, as some millennial age, they may stop idealizing city life and start desiring bigger homes and yards at a lower price — especially if they have kids. A recent realtor.com study uncovered

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Boston a hotspot for real estate startups

The transformation currently underway in Boston is multifaceted — development is booming, population is growing and its weather continues to be a factor. Entrepreneurs have taken notice, and startups with innovations focused on building are popping up around the

Despite difficulties, more people want to own homes

According to new analysis of a consumer survey from the National Association of Realtors, the vast majority of non-homeowners said that they want to own a home in the future. NAR recently analyzed the results of its 2017 Housing Opportunities and Market

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Boston mayor sets sights on city buildings for more housing

Boston’s lack of housing — particularly affordable units — has long been a focus of Mayor Martin J. Walsh, who has a goal of adding 53,000 new housing units around the city by 2030. Now he’s focusing on a

CoreLogic: Home prices increase for fifth consecutive month

Home prices continue to significantly rise both year over year and month over month, according to CoreLogic’s Home Price Index (HPI). U.S. home prices in December 2017 were a substantial 6.6 percent more than December 2016 and 0.5 percent more

National News Briefs: NAR suspends open architecture project, cash purchases for home sales hit new high and more

The Realtors Property Resource (RPR), a subsidiary owned by the National Association of Realtors, is suspending its Advanced Multi-List Platform project and will promptly start to wind down its operations. NAR CEO Bob Goldberg made the decision to cut

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