Like New England weather, mortgage rates continue to jump around. This Spring, rates have started to descend again, bringing an all time low to 30-year fixed rates mortgages and the best they’ve been in over a decade. Experts expect rates to stay mostly stable and only creep up about .25% throughout the year.
Whether Baby Boomer or Millenial, the need for affordable housing is dire in greater Boston. According to statistics, more than 38% of Boston’s homeowners are spending one-third of their income while 25% of renters spend half of their salaries to keep a roof over their head. These statistics have residents, builders and politicians debating the […]
According to Forbes Magazine, three Massachusetts cities rank as America’s Most Overpriced Cities 2015, which included twenty-five locations.. These cities in their listed order of ranking are #3 Boston/Quincy, Massachusetts, #5 Cambridge, Massachusetts and #9 Essex County, Massachusetts (Peabody). Factors such as median income, home sales price, housing affordability and costs (above national average) such […]
While Millenials push forward into the housing market seeking first-time homes, Boomers in the market are demanding very different things. Many Baby Boomers in retirement or fast tracking on that road, are electing to choose renovation over relocation or opting for homes designed specifically for an older, wiser, market clientele. The need for housing designed […]
Group Boston Real Estate is proud to announce the sale of 10-18 Brainerd Road in Boston, Massachusetts for $12,100,000! GBRE President Michael Carucci represented both the buyer and the seller in the transaction. “Michael has an exceptional ability to uncover opportunities in an otherwise very competitive market. His follow through and execution make all the difference,” […]