Blog about the Boston MA high-rise condominium and loft market.
There are currently 7 blog entries related to this category.
Thursday, May 2nd, 2013 at 11:22pm. 0 Comments.
Are the bidding wars back? You bet they are. We asked four of our Highrises.com partners about the trends in real estate.
Ian Bell from Seattle said a property listed on a Thursday for $780k, and by Monday there were 10 offers, come even offering to waive inspections! The property ultimately sold for $930k to a cash buyer. This prompted Ian to wonder, “How do regular folks compete?”
Danielle Contreras, our Highrises.com partner from San Jose, CA is seeing a similar trend in her real estate market. A property recently listed for $668k and quickly received 11 offers. The price of the house jumped to well over $700k with one buyer even agreeing to waive all contingencies.
Danielle said she has experienced so many stories just like…
Wednesday, April 3rd, 2013 at 4:26pm. 0 Comments.
Worth Magazine has looked at all the luxury high-rise condo buildings throughout the world and compiled what they think are the ten best. They're pretty vague about the criteria they used, only saying that these are "Then of the world's coolest places to live". We would add a few to the list if we could, like Sierra Towers in LA or Museum Tower in Dallas.
1. One57 in NYC. 90 floors but only 92 units!
2. One Hyde Park in London.
3. Opus in Hong Kong. A Frank Gehry production. 12 units, 12 floors.
4. Absolute Towers in Toronto. The first tower sold out faster than most concerts... they were gone in 24 hours.
5. HSB Turning Torso in Copenhagen. Pictured to the right. Powered entirely by locally produced renewable…
Wednesday, March 27th, 2013 at 10:11pm. 0 Comments.
We have great news we have to share! The Happiest Job in America in 2013 is Real Estate.
Forbes just listed the top 10 happiest (and respectively happiest) jobs in America. The #1 happiest job was a real estate agent. Careerbliss surveyed 65,000 people to come to this blissful conclusion. The logic behind this is real estate agents are rewarded for their success. They can have a flexible schedule and increase their income with hard work. The careers with less rewards and more office politics scored the lowest on the happy rating including associate attorney, customer service associate and sadly RN’s and teachers.
The Bureau of Labor Statistics expects an 11% increase in real estate jobs from 2010-2020. The majority (57%) of real estate agents…
Tuesday, March 19th, 2013 at 7:36pm. 0 Comments.
The Feburary 2013 report from the US Census revealed some interesting news for multi family units. New Privately-Owned Housing Units Authorized in Permit-Issuing Places increased 54.9% from Feburary 2012 to Feburary 2013.
In February 2013, 285,000 buildings with five or more units began construction for units in buildings with five units or more, up from 240,000 in February 2012. As the economy recovers, we expect more completed projects as many we on hold or canceled from 2008-2012.
View some recent developments in Highrises.com's New Buildings Blog.
Tuesday, December 13th, 2011 at 5:08pm. 0 Comments.
‘Investment’ and ‘development’ in the real estate market are two terms we have not heard much of these past few years. Fortunately for our city, however, residential developers and real estate investors are doing their part to keep the Boston housing market going strong, in spite of the lagging regional economy. A recent article on Boston.com explains that multi-family housing projects are on the rise, thanks to the profit-making combination of rising rent prices, low vacancies and interest rates hovering around 4 percent. This formula has resulted in increased rates for investor returns compared to what we have seen the past few decades, and hence an opportunity for high profits in an extremely difficult market. Demand for apartment…
Tuesday, October 18th, 2011 at 2:47pm. 0 Comments.
What’s the hottest trend in real estate now? It’s not purchasing that mega mansion on two acres, nor buying that ‘American dream’ single family with the white picket fence. In fact, setting buying aside altogether, the renting rush is the big deal in real estate for the first quarter of 2011.
According to a recent article by Inman News’ real estate update, homeownership reached an all-time high at the peak of the housing surge, with 69.2 percent of the country owning a home. That high has since declined to less than 67 percent, or about 3 million homes that are now rental properties. In addition to this increase in available rental properties, vacancy rates for rentals have also declined, from a rate of 8 percent in 2010 to a rate of…
Friday, September 23rd, 2011 at 8:08pm. 0 Comments.
If you’re having a hard time keeping up with your payments, there may be a solution for you. According to Bank of America, with the Home Affordable Modification program you may be able to reduce your monthly mortgage payment to as low as 31% of your gross income. This program, which is part of the federal government’s Making Home Affordable initiative, aims to help people keep their homes, despite financial hardship. If you’re going through a difficult time – maybe you’ve lost your job, had a medical emergency, or perhaps you’re getting divorced – this program may provide you with the ability to stay in your home.
Even if you’ve already missed a payment, the Home Affordable Modification may still be able to help you. With Bank…