Hello dear readers, Not only will we all be sending our taxes or filing extensions, but 25,000 registered runners and not fewer than 5,000 unregistered runners (Bandits!) will be running the Boston Marathon, yours truly included. For all of you who were kind enough to contribute to my fundraising this year, I raised nearly $6000
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The rollout of new developments of late has been targeted exclusively at the high end of the market. My complaint over and again has been the lack of “bread and butter” apartments. This has resulted in a nice bump in pricing for resale condominiums, riding the coattails of new development asking much higher prices. This
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Many prices have rebounded or have well exceeded their 2008 highs. And without the crystal ball with so much action in the marketplace, it may make more sense to take a break from this crazy market and look back over the last ten years. Our chief economist has processed over 145,000 sales to zoom out
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In less than 4 weeks, I will be running the Boston Marathon. I have been the recipient of tons of fundraising dollars over the years as I have trained for and run 12 marathons over the last few years. Other than Real Estate and my family, running has been a terrific passion of mine. I
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This month, I am combining a market check-in with my new development updates. Some main market views: Two bedroom / One-bath units are just about back to 2008 numbers. They should surpass them by end of the Spring. Cooperative One bedroom pricing has vastly improved, but still has a way to go overall. Downtown pricing
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I recommend to my buyers to assemble their team and organize their finances completely before they set out to find an apartment. This includes creating an updated balance sheet, getting as specific as possible on the ideal apartment with me and my team at Brown Harris Stevens, speaking to a real estate attorney so he/she
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What a thrill to see new inventory coming to the market! I’ve gotten to preview and/or view with customers a number of properties. Here are a few to throw on your radar: 150 Charles Street is peeking images out today, so it’s apropos to discuss it. With only 91 units, the sub-100 unit trend continues.
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As of today, mortgage rates are nearing 4% again for 30-year fixed rates. That is, rates are at their highest in months. This reflects a strong stock market and a climbing 10-year Treasury pricing. A mortgage broker at Citibank, Michael Most, gives me a good read on his current borrowers. He tells me that he
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I promised our Chief Economist, Greg Heym, that I wouldn’t quote him in my monthly newsletter, at least as it related to a long conversation we had last week, off the record. We had discussed thoughts about the stock market, how correlated it is or isn’t to the real estate market, and what other factors
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Too many metaphors seem apt at the moment to describe this property market. I wouldn’t need to look back on previous posts, as I am fairly certain I have not seen the market like this before, even having experienced 2006 and 2007 a broker. There has been a frenzy as I have not seen it.
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