Author name: Boston REIA

Renters Spent .5 Trillion on Housing During 2010s According to recent report from Zillow, renters spent a cumulative of $ 4.5 trillion on rent during the 2010s.  In fact, they point out that in 2019, renters spent more than $ 512 billion on housing – the most of any year in this decade. Not surprising, […]

Take a look inside this million Beacon Hill penthouse before and after its renovation Towering above the Public Garden, a renovated Beacon Street penthouse is waiting for new owners to inhabit its 5,703 square feet. The four-floor unit at 89 Beacon St. contains four bedrooms, four full bathrooms, three half bathrooms, three decks and 20

50+ New Year’s Facts The final weekend of the year is now upon us.  We hope you had a great 2019 and wish you nothing but the best for whatever 2020 has in store!  Today’s infographic from WalletHub shares over 5o New Years Facts – which are perfect to spark a conversation or keep one

When Your Insurer Decides Your Property Isn’t Worth the Risk A recent story in the Wall Street Journal (reposted on Realtor.com) explored about how some California homeowners recently found out their insurers wouldn’t renew their fire-protection policies. They reported that, in response, California announced a one-year moratorium forbidding insurers from dropping customers who live in

Housing Starts & Building Permits Up in November The U.S. government is reporting that privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,365,000.  This figure is 3.2% above October’s revised estimate of and is 13.6% higher than November.  Single‐family housing starts in November were at a rate of 938k, which

Winter cactuses are hard to name but easy to grow I just call them ‘‘holiday’’ cactuses because they rarely bloom on their assigned holidays unless given a lot of manipulation. | realestate.boston.com The post Winter cactuses are hard to name but easy to grow appeared first on Boston.com Real Estate.

Ellie Mae Says Interest Rates Rose for First Time in 2019 According to EllieMae’s latest Origination Insight Report, interest rates rose for the first time in 2019, increasing to 3.97%, up from 3.94% in October.  In addition, the percentage of adjustable rate mortgages also increased for the first time in 2019, rising from 5.0% in

Biggest sales: A five-floor condo in Beacon Hill for .3 million The home has been updated renovated with modern luxuries, including smart thermostats and a home automation system for lighting, music, security, and video. The post Biggest sales: A five-floor condo in Beacon Hill for $ 6.3 million appeared first on Boston.com Real Estate.

Here’s what’s in store for the redevelopment of the CambridgeSide mall Don’t call it a galleria. CambridgeSide is getting a second act as much more than a mall. The Cambridge City Council approved a zoning change this week paving the way for the 1 million-square-foot mall’s plans for a bigger — and, its owner hopes,

Relationship Between Public School Enrollment and Housing Prices One of the key drivers of a home’s sale price is the quality of the local school system.  Interestingly, recent analysis from the National Association of Realtors illustrates the positive relationship between public school enrollment and rising house prices.  They say that over the last 7 years,