For the average person, figuring out whether the numbers on a home will work to use as a rental just don't make sense. You can’t put lipstick on an unprofitable pig.
The shortage of homes for sale has been an ongoing issue for the last couple of years, but in December, the combination of the holiday inventory slowdown and the pandemic buying trend caused it to dip to its lowest level in history.
On December 31, Governor Baker signed into law Chapter 257 of the Acts of 2020 which makes important changes to eviction rules and procedures that will be in effect until the end of the COVID-19 state of emergency.
The housing market has been defying forecasts during the COVID-19 pandemic. Initially, home sales nose-dived for three consecutive months during state shutdowns. But by June, a “remarkable housing recovery” took hold, and real estate bounced back with a vengeance.
Whether you’re buying or selling a home, a less-than-perfect home inspection certainly complicates things. A major fix may feel out of reach if your money is tied up in equity, but you can still bring options to the table.
Negotiating an offer is one of the most stressful part of selling a home. Push too hard and the buyer may walk, don't push enough and you may leave money on the table.
Changing interest rates can make quite a difference for home buyers and sellers. For example, a 0.5% rise of the interest rate can result in a 5.8 decrease in house purchasing power.
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Boston home prices are up 5.3% from last year. Despite limited supplies, rising prices, and higher mortgage rates, affordability is not a concern. The home price surge continues.
