Boston Globe Magazine’s Hit Piece On Evictions Riddled With Misleading Statistics, Bias
Boston Globe Magazine’s Hit Piece On Evictions Riddled With Misleading Statistics, Bias Accurate Court Data Shows The “Eviction Crisis” Is A Fallacy You may have noticed the featured article in Sunday’s Boston Globe Magazine on the supposed “eviction crisis” in Massachusetts. Titled “As rents soar in Boston, low-income tenants try to stave off eviction,” investigative […]
Zumper’s National Rent Report for November ’19
Zumper’s National Rent Report for November ’19 Rental information site Zumper recently released their National Rent Report for November, 2019 showing that the median national rent for 1-bedroom apartment was $ 1,237 (down 0.3%) and the median two-bedroom rent was $ 1,480 (down 0.3%). Year to date, one bedroom prices are up 2.5% and two […]
Contract Deadlines Can Be Waived and Other Cautionary Tales From the Real Estate Trenches
Contract Deadlines Can Be Waived and Other Cautionary Tales From the Real Estate Trenches Parties Who Negotiated Past Purchase and Sale Agreement Deadline Waived It, Court Rules The Massachusetts Appeals Court just came down with a ruling which should be a cautionary tale to everyone in the residential real estate business. It’s an interesting fact […]
Best Small Cities in America
Best Small Cities in America What are the best “small cities” in America? Well, of course WalletHub put pen to paper to find out! They say “no two small cities are made equal” but which ones stand out among the rest? To get their list they compared more than 1,200 cities with populations between 25k […]
Zombie Properties less than 3% of All Foreclosures
Zombie Properties less than 3% of All Foreclosures According to the latest Vacant Property and Zombie Foreclosure Report, ATTOM Data is reporting that there were over 1.5 million (1,527,142) vacant single-family homes and condos in Q4 of 2019. In addition, the report says there were about 288,300 homes were in the process of foreclosure, with […]
Rent Control Rears Its Ugly Head Once Again
Rent Control Rears Its Ugly Head Once Again Recent Studies of Cambridge and San Francisco Prove It Not Only Doesn’t Work But Results In Gentrification, Displacement and Higher Rents Rent control. Like a diseased zombie rising again from the dead after 25 years. Banned statewide by a voter referendum in 1994 and widely proven ineffective […]
New Single-Family Home Sales Down Slightly
New Single-Family Home Sales Down Slightly The U.S. government is reporting that sales of new single-family houses in September, 2019 were at a seasonally adjusted annual rate of 701,000. This figure is 0.7% below revised August’s revised rate but is 15.5% higher than September 2018 estimate of 607,000. The median sales price of new houses […]
Not just Peak #LuxRE, Boston home values have ‘likely peaked’ – GBAR
Not just Peak #LuxRE, Boston home values have ‘likely peaked’ – GBAR A month after we began asking tough questions about the luxury housing market, it seems that the Greater Boston Association of Realtors is also saying Boston Housing values have “likely peaked.” This tweet reflects some of the stats underlying their prediction: From broken […]
Construction Spending Up in September
Construction Spending Up in September The U.S. government is reporting that total construction spending in September was estimated at a seasonally adjusted annual rate of f $ 1,293.6 billion, which is 0.5% above August’s revised number. Residential construction was at a seasonally adjusted annual rate of $ 511.4 billion in September. That figure is 0.6% […]
Top 10 Cities with the Youngest Residents
Top 10 Cities with the Youngest Residents Where are the top cities in America with the most young people? That’s the question the folks at Realtor.com put pen to paper to find out. They combed through census data to come up with the top 10 cities with the lowest average resident age (one per state) […]