Residential Real Estate
Hope Springs Forth for Housing Market
Brokers’ and agents’ hopes are springing to life after a tough holiday season like the snowdrops popping up among the dead leaves across Massachusetts this month thanks to an unseasonably warm winter.
Mass. Market Likely to Remain Competitive
The Massachusetts real estate market has been one of the hottest in the country over the last 12 months, despite the overall cooling the last six months had as mortgage rates rose.
Wellesley’s Doing Alright
Amid the return of uncertain economic times, and a potential recession just around a corner or two, the housing market in Boston’s toniest suburbs appears to be bouncing back just fine from last year’s turmoil.
Bipartisan Housing Caucus Launched on Beacon Hill
It’s one measure of the seriousness of Massachusetts’ housing issues that the leader of the state Senate’s Republicans has joined a caucus co-led by a staunch supporter of rent control.
More Homeowners Tap Equity Juiced by Soaring Prices
Homeowners are increasingly tapping their equity, taking advantage of big gains following years of soaring housing prices.
Elliman Anchors New Wellesley Office with Heavy Hitters
Douglas Elliman’s newest Boston-area office opened this morning in Wellesley, headlined by a pair of well-known figures from the MetroWest real estate scene.
Strong Jobs Report Could Push Up Mortgage Rates
The U.S. economy put in a surprisingly strong showing in in January, adding 517,000 new jobs despite layoffs in tech firms, on Wall Street and in the mortgage industry. And while experts say it’s a sign the country is on a path to a “soft landing” from 2022’s tumultuous inflation, it could push mortgage rates up.
Breaking Down Home Ownership Costs
Too many homebuyers don’t hunt for the lowest mortgage rate. They spend weeks, sometimes months, looking for a house. But when it comes to shopping around for a loan, they don’t bother.
Boston Barely Broke Even on Migration in 2022
A new analysis of U.S. Postal Service address-change data by the National Association of Realtors shows the Greater Boston area saw an uptick in migration last year, while moves to Greater Worcester slowed down notably.
Biz Groups: Big Tax Law Changes Needed To Help State Compete
Quintupling the estate tax threshold and slashing the capital gains tax rate led the tax reform ideas embraced Wednesday by one of the region’s leading business groups. But House Speaker Ron Mariano remained noncommittal about any tax cuts, citing changing economic conditions.
MA Homeowners Enjoying Double-Digit Profits
New research from real estate data firm ATTOM Data Solutions suggests that home-sellers in Massachusetts are continuing to enjoy substantial returns.
Personnel File – No. 321
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: It’s the latest installment of Banker & Tradesman’s Personnel File.
Healey Offers Sympathetic Ear in Biz Address
Three weeks into her tenure in the corner office, Gov. Maura Healey told business leaders her administration is ready to “do more” to address their pressing concerns and targeted workforce strain, tax relief and health care investment as broad areas of focus.
Remote Work Has Made Relationships with Colleagues Harder
Having good relationships with colleagues is key to building a rewarding and effective work experience. To succeed today, both employees and leaders must understand what each group is seeking to achieve and how they can benefit from the changing workplace.
Buyers: Know Your Share
Many of the nation’s largest real estate firms still do not publish the share of the commission paid to agents who work with homebuyers, leaving buyers to fend for themselves.
Community Good Works
Boston-based developer City Realty gave $7,500 to the the Dorchester Winter Farmers Market through its City Kids foundation to preserve a coupon program that helps lower-income Bostonians buy fresh fruits and vegetables. See who else gave back.
Boston Buyer Competition Warmed Slightly as Rates Fell
Falling mortgage rates appear to have brought more buyers out in December than in November, according to a new report from brokerage and listings portal Redfin.
Boston Chamber CEO Sees Lots of Work to Do
As remote work gives some Massachusetts workers the opportunity to move out of state, and high housing costs and transportation woes drive others out, Boston businesses are calling for a statewide housing plan, new MBTA leadership and greater government support for apprenticeship programs.
Personnel File – No. 320
Who’s on the move? From new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Cautious Optimism for the Spring Market
If the key to getting this market unstuck is convincing more sellers that they can confidently list their homes without fear of being unable to find a new place to buy, this spring could be a good place to start.
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