Above the pay-wall spot in the online Boston Globe, reporter Andrew Bricker summarizes the local market. In short, the number of sales is down. Demand in the month of September was much lower than last September. The reason, says experts, is high interest rates. For us at 4 Buyers Real Estate, the news of lowering
This summer, I have been out front on efforts that aid affordable housing in metro Boston. I was approached to work on an op-ed with colleague Brian Sullivan that was published at the end of August in the Boston Business Journal. It was about a proposed transfer fee in Massachusetts. A quick timeline on affordable housing: The
In August, I went to the wedding of an exclusive buyer’s broker from Long Island, NY. A good time was had by all. There are some things that made this wedding different from the typical wedding that I would attend. Well, actually, the wedding looked like most weddings. People all dressed up, some vows, some
Affordable housing is not just a good idea. It is essential to a functioning economy. Eastern Massachusetts’s economy runs on hospitals, colleges, and businesses. They employ tech workers, building construction and maintenance workers, and many young professional workers. There is a chronic problem with recruiting nurses and entry level professionals because of the cost of
This summer, there were two community listening sessions in Somerville. The goal was to gather opinions about the city’s potential rent stabilization legislation. How could it be done? How could it be done fairly? How would it affect landlords, tenants, and business interests? There will be another session on September 12. How much rent? Let’s
The local real estate market looks a different from the national market snapshot, which I summarized two weeks ago. Eastern Massachusetts has an acute housing shortage, and that is allowing a seller’s market to remain despite the high interest rates that are reducing a buyer’s spending power. The bottom line is that prices are still
A few times a year, the Chief Economist for the National Association of Realtors ® prepares an economic review for Realtors ®. The report was aired on Zoom August 2nd. He does a really good job, especially because there are so many of us, and we have such a variety of backgrounds. He is accessible,
This week, we held a party for our clients. I have been doing this nearly every year since I opened my office in 2008. Part of our brand is that I (and my agents) strive to like and respect our clients. Most of the time that is easy. Other times, we have honed new levels
All eyes are on the real estate market, in an effort to guess what will happen when the snow stops falling and real estate spring market begins. The Boston Globe is no exception. Andrew Brinker published an article in mid-January, subtitled “For the first time since 2018, home prices here fell in December on a
Is 2023 a good time to buy? Here’s some advice from exclusive buyer’s agents! Whether the risks of the current market outweigh the benefits depends on your situation. An exclusive buyer’s agent is in the best position to give you buyer-centered advice, as opposed to what will help sellers. Like our company, exclusive buyer’s agents