Boston

Foreclosure Rate in Massachusetts Rising Quickly

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The housing market in Massachusetts has been a little different than the rest of the country as the high cost of living and taxation has created the environment where many people were taking extraordinary amounts of cash out of […]

29Aug2006 | Tom Royce | 1 comment | Continued

Real Estate Voyeurs Love the Internet

Face it, if you are reading this site you have a passion for real estate. Now, with the internet making so much information available, you can find out all of the information on what is happening in your neighborhood by doing a property search online. Many newspapers and real estate agents also put this information […]

29Jun2006 | Tom Royce | 0 comments | Continued

Massachusetts Broker Has Interesting Perspective On Real Estate Market

I found this article on a local Massachusetts newspaper, the South Shore Insider, that has an interesting take on the real estate market south of Boston. It captures the true essence by a broker that has served as the president of the Massachusetts Association of Realtors.
David Wluka has a brilliant line that is probably […]

31May2006 | Tom Royce | 0 comments | Continued

Zell vs Sternlicht on The Future Of Real Estate

Sam Zell and Barry Sternicht, former head of Starwood Hotels, faced off at the Milken Institute Global Conference in Los Angeles while discussing the future of the real estate market. These two are considered by many to be some of the most savvy real estate investors in the country. It is interesting to see the the […]

1May2006 | Tom Royce | 2 comments | Continued

Subdividing Properties in Built Out Areas

There are parts of the country where land is so scarce that there is a trend to buy a home on a larger property, raze it, and then develop 2 or 3 properties on the original footprint. The Boston Globe has a very good article on this niche trend in the real estate market.

‘In a […]

23Apr2006 | Tom Royce | 0 comments | Continued

Poorer Boston Communities See High Mortgage Default Rate and Double Digit Appreciation

The communities in around Boston that have traditionally been the lower income areas are seeing a gentrification and housing prices that are increasing at a double digit rate. The communities at the same time are seeing other homeowners being foreclosed upon as adjustable rate mortgage holders are looking at significant increases in their mortgage payments. […]

6Apr2006 | Tom Royce | 0 comments | Continued

Massachusetts Housing Slows Down, Equity Cash Outs provided 14 Percent of Residents Income

With rising interest rates, and housing appreciation of over 70% over the last 4 years, the Massachusetts housing market is slowing down.

Massachusetts’ five-year housing boom, which lifted the average home price by 71 percent and bolstered the local economy, is over, according to homeowners and real estate agents.
Rising mortgage costs, an outgrowth of […]

25Nov2005 | Tom Royce | 6 comments | Continued

Boston Real Estate Market Slows

The Boston area real estate market has slowed down according to real estate agents interviewed in an article in the Boston Globe today. The market, which has been rising at a blistering pace over the past 10 years, has turned into a buyers market.

“A weakening housing market will be a significant weight on the […]

28Oct2005 | Tom Royce | 0 comments | Continued

Cendant to Split into 4 Companies

Cendant’s attempt to be all things to all people, has failed, and in its place will be 4 different companies specializing in their different segments of the marketplace; travel bookings, hotel properties, real estate, and rental cars. This will allow the different companies to concentrate on their core competencies, and allow the different segments to explore […]

24Oct2005 | Tom Royce | 0 comments | Continued

Boston, MA; Its a Bubble. What Bubble?

People have been predicting the housing bubble would break forever. Some many times in fact that even a broken clock was correct more often. From the Boston Globe come the following article, ‘It’s a bubble. So what? Bubble? Maybe. Trouble? Maybe not’.
Ted Duncan remembers how his first clients walked away from the real estate market. […]

23Sep2005 | Tom Royce | 0 comments | Continued