News / Features

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

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

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