Existing Home Sales Down 3.4% in May
Existing Home Sales Down 3.4% in May The National Association of Realtors is reporting that existing home sales were down 3.4% in May to a seasonally-adjusted annual rate of 5.41 million (down 8.6% year over year). Total housing inventory at the end of May was 1,160,000 units, down 4.1% from one year ago. Unsold inventory […]
Boston metro area lands on list of ‘million dollar markets’ once again
Boston metro area lands on list of ‘million dollar markets’ once again The metro Boston area has 95,518 homes valued at $ 1 million or more, according to a new report. Continue reading at realestate.boston.com. The post Boston metro area lands on list of ‘million dollar markets’ once again appeared first on Boston.com Real Estate.
Fed’s Supersized Rate Hike, Mortgage Rate Sticker Shock, and the Home Equity Bonanza
Fed’s Supersized Rate Hike, Mortgage Rate Sticker Shock, and the Home Equity Bonanza On a recent episode of Real Estate News for Investors, Kathy Fettke discusses the Fed’s biggest rate hike in three decades, mortgage rate sticker shock, inflation hitting an annual rate of 8.6%, and the home equity bonanza. Click here to listen on […]
12 must-see open houses happening this weekend (July 1-3)
12 must-see open houses happening this weekend (July 1-3) From a two-bedroom ranch in Lakeville for $ 430,000 to a seaside home with water views in Hingham for $ 2,450,000. | realestate.boston.com The post 12 must-see open houses happening this weekend (July 1-3) appeared first on Boston.com Real Estate.
A renovation to tweet about: Addition to Somerville cottage included an aviary for three beloved birds
A renovation to tweet about: Addition to Somerville cottage included an aviary for three beloved birds The birds love their new home, including the Google speaker that provides their favorite music: Brazilian and R&B. The post A renovation to tweet about: Addition to Somerville cottage included an aviary for three beloved birds appeared first on […]
Local Market Monitor’s National Economic Outlook for June ’22
Local Market Monitor’s National Economic Outlook for June ’22 Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. National Economic Outlook By Ingo Winzer June, 2022 There’s good news and bad news. On the one hand, […]
Rising Building Material & Freight Prices Push Construction Costs Higher
Rising Building Material & Freight Prices Push Construction Costs Higher The NAHB’s Eye on Housing says the prices of goods used in residential construction increased 19.4%, year-over-year. Citing data from the Producer Price Index they point out that building materials (i.e., goods inputs to residential construction, less energy) prices have increased 5.4%, year-to-date, and are […]
Five Requirements for Identification of Replacement Property in a 1031 Exchange
Five Requirements for Identification of Replacement Property in a 1031 Exchange Today’s graphic from Accruit reminds us that the ability to defer taxes through a 1031 like-kind exchange is a valuable taxpayer benefit, but to receive it, the rules pertaining to identification and acquisition of replacement property must be strictly followed. They have outlined the […]
Listed: For $2.5 million, the whimsical home and workshop of a local innovator
Listed: For .5 million, the whimsical home and workshop of a local innovator Calling all inventors, dreamers, designers, and tinkers: This Lexington farmhouse offers all the space you need to make your latest imagined creation a reality, with two massive greenhouses-turned-workshops on the spacious 1.47-acre lot. The 5,344-square-foot home belongs to jazz musician and architect […]
One week two NFT releases from Propy
One week two NFT releases from Propy Very different, Both Groundbreaking You already know Propy for many Firsts – the first real estate property bought on the blockchain in 2017, the First real estate NFT, the First US real estate NFT, the First real estate NFT marketplace. Recently, we launched the First Title & Escrow […]