United States homeownership rate has increased to highest/lowest level ever

In 2014, homeownership dropped to a lower rate than it was in 1994, with a rate of 64%. Since 1960, the homeownership rate in the United States has remained relatively stable having increased 5.6% since 1960 when 62.1% of American households owned their own home. RESIDENTIAL VACANCIES AND HOMEOWNERSHIP FIRST QUARTER 2017  Homeownership Rate 63.6%  Source: […]

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source http://www.bostonreb.com/united-states-homeownership-rate-has-increased-to-highest-level-ever/#utm_source=rss&utm_medium=rss&utm_campaign=united-states-homeownership-rate-has-increased-to-highest-level-ever

When not to buy a house

Bankrate.com has a great little article about when not to buy a house. Reasons not to buy a home: Job shaky? Don’t buy. Into investing? Don’t buy. Dreams too big for budget? Don’t buy. Damaged credit? Don’t buy. By Michael D Larson, Bankrate.com You shouldn’t buy a house. Believe it or not, that’s good advice […]

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source http://www.bostonreb.com/when-not-to-buy-a-house/#utm_source=rss&utm_medium=rss&utm_campaign=when-not-to-buy-a-house

Condos Conversions and Property Taxes

WHEN A PROPERTY IS CONVERTED INTO CONDOS There may be a time before each unit owner gets an individual tax bill. However, each unit owner is responsible for a share of the total property tax bill. To find the amount each owner has to pay, multiply the condo unit owner’s percentage of interest in the […]

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source http://www.bostonreb.com/condos-conversions-property-taxes/#utm_source=rss&utm_medium=rss&utm_campaign=condos-conversions-property-taxes

Jesus Saves!

Losing no time, the soon-to-be owners of 5-10 St George Street, in Boston’s South End, were at the South End Landmarks Commission, earlier this evening (this sentence brought to you by the comma). The property is better known by the name emblazoned on a cross on its front – Jesus Saves! It is currently home […]

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source http://www.bostonreb.com/jesus-saves/#utm_source=rss&utm_medium=rss&utm_campaign=jesus-saves

Boston Real Estate on the Rise

Boston Prices rose in May. However, nationally most major markets can cry the same tears. Lack of inventory. Buyer demand is there but there are not enough units of supply to match demand. “The May sales report released Wednesday by the National Association of Realtors shows a housing market unable to meet the demand from […]

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source http://www.bostonreb.com/boston-real-estate-rise/#utm_source=rss&utm_medium=rss&utm_campaign=boston-real-estate-rise

New development on Revere Beach brings luxury to waterfront

I have to say this about today’s new development, it’s about time someone built a nice condominium complex on Revere Beach.  When you think about it, waterfront property has much appeal.  Yet, so many seaside communities look like dumps (I’m thinking Salisbury Beach, for example). I just received an email announcing a new development, "The […]

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source http://www.bostonreb.com/new-development-on-revere-beach-brings-luxury-to-waterfront/#utm_source=rss&utm_medium=rss&utm_campaign=new-development-on-revere-beach-brings-luxury-to-waterfront

What You Get For The Money (episode 1)

Here’s the concept:  Pick a purchase price amount, anywhere from $200,000 to $2,000,000 and compare what you can get in each of Boston’s neighborhoods. This week: $350,000. (Rules and full disclosure statement: Information is pulled from MLS, so I cannot be held responsible for errors & omissions.  These are listings offered by other agents, who […]

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source http://www.bostonreb.com/what-you-get-for-the-money-episode-1/#utm_source=rss&utm_medium=rss&utm_campaign=what-you-get-for-the-money-episode-1