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Real Estate Posts

Medical Marijuana Law Worrying Bay State Landlords

Now that the election has come and gone, many Mass residents are wondering what the new medical marijuana law will mean once implemented in January. The law has a loophole stating that those who qualify for medical marijuana and are too ill to make it to a dispensary, may grow their own plants at home. ...

With Home Ownership Decreasing, is Rental Lifestyle on the Rise?

With the resale market recovering at a crawling pace, it seems that more and more Americans are choosing to rent long-term, rather than purchase a home of their own. MA residents have seen the third largest rent increase over the past year and a half in the country. Even with rents being raised, and with ...

Steps in Buying an Apartment Building in Boston

Buying an apartment building may seem hard with various considerations to keep in mind. This article will help you buy your favorite Luxury Apartment Boston with ease. We all know that when buying an apartment building, we have to consider important factors like location, neighborhood, amenities, and of course price. However, despite these tasks need to be ...

National Foreclosure Increased 9% in May

U.S. foreclosure filling showed an increase of 9 percent from April to May, according to RealyTrac, a real estate company for foreclosed and defaulted properties.  RealtyTrac said Thursday that 205,990 U.S. properties received filings last month, including default notices, scheduled auctions and bank repossessions, marking the first monthly increase since January.  National foreclosure rose 12 percent from April and ...

Foreclosure Homes Sales Rose in 1Q

On Thursday, foreclosure listing firm RealtyTrac Inc. announced that sales of homes in some stage of the foreclosure process rose 25 percent in the first quarter from a year earlier, hitting a three-year high.  Meanwhile, sales of bank-owned properties declined 15 percent versus the first three months of last year, the firm said.  According to ReatlyTrac Inc., ...

U.S. Home Sales Increased in April

On Tuesday, the National Association of Realtors said that the sales of existing homes increased 3.4 percent to a 4.62 million units last month - 10 percent higher than a year ago.  “We are making incremental progress,” said Millan Mulraine, a senior U.S. strategist at TD Securities Inc. in New York, who correctly forecast the sales pace.  “People are ...

30-Year Mortgage Rates Dropped to 3.88%

Mortgage buyer Freddie Mac said that the average rate on the 30-year fixed mortgage fell to 3.88 percent last week, down from 3.90 percent in the prior week.  The rate was 3.87 percent in February, compared with 4.78 percent a year ago.  According to Freddie Mac, the 15-year fixed-rate mortgage declined to 3.12 percent in the most recent ...

Macklowe and CIM Plan to Build the Tallest Building in New York City

New York real estate developer and investor Harry B. Macklowe and Los Angeles-based CIM plan to build the tallest luxury building in New York City.  Located at the former Drake Hotel site, 432 Park Ave, the building will become one of the tallest buildings in the United States, as well as the tallest building in New York City to the ...

How to Sell Your Home Faster? – Paint It

Selling a home requires some work including renovation and painting with the right color combination. Get some ideas from this article for your home’s painting jobs for quick selling. Whether you have Boston luxury apartments or just a simple apartment or house to buy or rent, making a good first impression is very important. It can ...

Mortgage rate hit 4% last week

Mortgage rate hit 4.08% last week, which was the highest level since October and after a 30-year rate of decline, according to Freddie Mac's weekly survey.  That is 0.16 percentage points higher than a week earlier and its first time over the 4% mark since October.  "A strengthening economy has pushed mortgage rates up a little bit," ...
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