https://upload.wikimedia.org/wikipedia/en/b/b2/Highlander_film_Connor_MacLeod.jpg

Trustafarian workforce housing

This:

Who said I was talking about myself? FFS.

More than just ‘’the elite’’ work remote these days, boomer.

Here in eastern MA it’s pretty much impossible. Let’s assume they can afford the mortgage and have a down payment. How are they going to compete with buyers with access to loads of cash in order to...

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STRs really squeeze the rental market in resort areas.
You’re welcome,
Captain Obvious

List price?

There is nothing for sale in Mass right now. No end of this in sight. FFS.

Doubt Redfin has accurate rental data, around MA/Boston they don’t touch rentals, not sure if that’s a national policy or not. Especially if the house hasn’t been on the market recently and you’ve...

Does Ogden register a blue tarp rating?

Been that way for years in and around Boston up to ~800k. The pandemic pushed that activity to the $1.5M range for single families (some city condos too), even ~$2m in the toniest of...

Lots of boomers winning bidding wars here in MA

Which is what most buyers would prefer. Massachusetts has a litigious real estate culture.

That’s the typical size for a home inspection on an American Society of Home Inspectors report here in MA, ~70-90 pages is normal. Most of it is boilerplate and/or CYA legalese language with some...

FTFY

Good luck, Harry!

https://www.youtube.com/watch?v=fO2-LrnybZk

Agree. Feels like for every new buyer entering the market there is another buyer that has just given up, at least temporarily.

https://madamenoire.com/wp-content/uploads/sites/9/2019/03/15518392623042.jpg

So you’re saying the housing market ought to be driven by logic? :fm:

Lots of older buyers want a larger, ‘’fun’’ property that they hope will draw extra visits from the kids and (especially) the grandkids.

People that are able to buy homes in really desirable markets right now aren’t ‘’typical’’ either. IME Glade is correct in asserting that a lot of the younger buyers (who knows exactly how many or...

From what I can tell you’re describing an owner-occupant tax exemption. At least that’s how it is termed here in MA. They’re determined city to city and town to town in on a yearly basis based on a...

Sub $1M condo market in Boston just had its busiest weekend in around a year. Listings that had been sitting went under contract, new listings had bidding wars. Generally speaking values have held...

It’s not just ski towns

In MA there are fields for those details in the boilerplate offer documents.

In most bidding war scenarios where the goal is to maximize the seller’s take away, the most attractive offer is the...

This is accurate. Buyers that have a mortgage contingency in their offer usually include written plan on how to meet the difference in appraised vs contract value whether or not it could be met with...

FSBO’s have been able to list on MLS for ~10y in MA

Sign both offers, sales price ♾

Much of Boston / Eastern MA has been having intense bidding wars with homes frequently selling for 5-10%+ above above asking for 4-6+ years. The trend started in the city and eventually moved to the...

I’m responding to Benny who made a similar posting about New England prices ‘’remaining flat / not recovering to pre-recession levels’’ about a year ago which wasn’t accurate, as you said.

Round here the COVID market jacked up the price of suburban single families so high that it took a lot of the local condo market with it.

I put together a post somewhere on this thread with data that refuted this statement the last time you made it.

ETA maybe that was for New England and not ‘the Northeast.’’

What do you think...

Around Boston the market noticeably slowed down around the election, picked back up a week after that and then died off again in mid December. Felt like holiday quarantining had a lot of people...

Hubzu listing?

Yep, and a lot of the cool businesses were on their way out already. Most of my work is in urban Boston and up in the Cape Ann / North Shore area where I grew up.

Here around Boston retail is doing very poorly but I need to figure out the right word to refer to the ‘’market’’ for office space, it’s more like office availability. Small unit pricing is down...

Generally foreclosures / REOs are brought to market years after the initial default, and that was the pre-COVID process.

Nice! Congrats man.

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Prices are still on the rise in your neighborhood, right? The rest of this post assumes that is true. Personally I would gently remind these interested groups that (may be) keen to negotiate with...

Watching this closely. There are a glut of places available that will likely miss their target 09/1 move-in date and become vacant. Smart landlords are taking 10-20%+ cuts right now (vs last 2-3...

Urban Boston is cooling off hard. Many open houses in North Brookline had 4-5 visitors total over the weekend. These places were getting 4-5++ offers a weekend a couple months ago.

The suburbs...

X2

I can only speak to the laws in my state and the dynamics of my marketplace, which are that ~49/50 listings offer a buyer’s agent commission paid by the seller per the listing contract. A listing...

Maybe, maybe not. I wouldn’t risk the ability to get free representation.

Put me in the river I’m the sushi king

Lots of younger buyers around here are calling on rich relatives to borrow cash to meet the difference on appraised vs contract values, or even to borrow enough to purchase now and refi later. Tough...

This weekend- socially distanced buyers being herded into open houses for sub $325-375k condo units in a coastal suburb/small city outside Boston

92.5% increase in active rental listings in Boston vs this time last year

Sales market largely mimicking the trends noted above, even in the city but especially so on the coast and in the...