Boston REIA, Author at Boston Real Estate Investors Association

Erland Construction Completes New Mixed-Use Property in Beverly, MA

Erland Construction Successfully Finishes New Mixed-Use Property in Beverly, MA

Beverly, MA– Erland Construction has completed the construction of a new 6-story mixed-use property in Beverly, MA in collaboration with SV Design. Developed by Beverly Crossing, the Block at Odell Park is a 167,230-square-foot property that features 106 residential units, 9,000 square feet of retail space, and various amenities. Located in the heart of Beverly, […]

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Exploring the Role of Architects in Real Estate Investing

Examining the Role of Architects in Real Estate Investments

News / Boston REIA

In a recent episode of the AZREIA Show, Marcus Maloney and Michael Del Prete discuss architectural design and the growing popularity of additional dwelling units (ADUs) in Phoenix. They also explore how ADUs can boost cash flow for investors. The conversation emphasizes the importance of architectural design and the impact of renowned architects on real

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Redfin Says Investors Pulled Back, Bought 45% Fewer Homes Than One Year Ago

According to Redfin, there has been a decrease in investor activity as they bought 45% fewer homes compared to the previous year.

News / Boston REIA

A recent report from Redfin reveals that investor home purchases in Q2 2023 experienced a significant decline of 45% compared to the previous year, marking the largest drop since 2008. This decline in investor purchases surpassed the overall decline in home sales, which stood at 31%. The report also highlights that investor market share has

According to Redfin, there has been a decrease in investor activity as they bought 45% fewer homes compared to the previous year. Read More »

What are the ways homeowners are utilizing their HELOCs?

News / Boston REIA

Recently, there has been a slowdown in HELOC activity after reaching a 15-year high in 2022. The Mortgage Bankers Association has provided data on how HELOCs have been utilized over the years. Home renovation and remodeling remain the primary reasons for utilizing HELOCs, followed by debt consolidation, emergencies, and other big-ticket financing. The MBA’s 2023

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American Cities with the Highest Airbnb Densities

Top American Cities with the Highest Airbnb Concentrations

News / Boston REIA

According to a graphic from Statista, Hawaii has the highest density of Airbnb rentals out of all U.S. cities and regions analyzed by InsideAirbnb in June 2023. With 32,597 Airbnb listings for an estimated 1.4 million inhabitants, it surpasses other cities in terms of Airbnb density. You can view the graphic here. Stay safe and

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Amanda Kitts Joins West Shore as Vice President of Property Management

West Shore is excited to welcome Amanda Kitts as the new Vice President of Property Management.

News / Boston REIA

Amanda Kitts BOSTON– West Shore has appointed Amanda Kitts as its Vice President of Property Management. Kitts brings extensive experience in the multifamily housing industry and will be responsible for managing West Shore’s national multifamily portfolio of 46 properties in the Sun Belt region of the United States. Her role includes overseeing operations, revenue management,

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U.S. Employment Situation – August 2023

News / Boston REIA

Total nonfarm payroll employment increased by 187k, in August 2023, with the unemployment rate rising to 3.8%.

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New Single-Family Home Size Reach Decade Low

News / Boston REIA

[ad_1] rewrite the content without plagiarism for 1500 words Recent analysis from the NAHB’s Eye on Housing shows that for new single family homes, the median single-family square floor area declined to 2,191 square feet, the lowest reading since the end of 2010. In addition, the average (mean) square footage for new single-family homes fell

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Zumper’s National Rent Report for August ’23

News / Boston REIA

[ad_1] rewrite the content without plagiarism for 1500 words Rental information site Zumper recently released their latest monthly National Rent Report for August, 2023. According to their data, rent for 1-bedroom apartments was $1,510 (up 1.6% year over year) and the median two-bedroom rent was $1,864 (up 3.9% year over year) . Be sure to

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FHFA Says Q2 Home Prices Up 3% Over Last Year

News / Boston REIA

[ad_1] rewrite the content without plagiarism for 1500 words According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), home prices were up 3% over Q2 2022 though Q2 2023. In addition, they report prices were up 1.7% compared to the first quarter of 2023 and up 0.3% from May to June,

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Author name: Boston REIA