The Millennial Wealth Exodus: A Warning for High-Cost Cities California Tops the List of States Losing Affluent Millennials California saw the most significant departure of upwardly mobile millennial households in 2022, with **3,226 high-earning households leaving the state. These households, boasting an average adjusted gross income of $480,776, represent a significant financial and Continue Reading
Highlights from the 2024 Profile of Home Buyers and Sellers
Highlights from the 2024 Profile of Home Buyers and Sellers We are in the final stretch of 2024, and if you're a seller or buyer, this post might provide you with information about who was in the market and might give you some insight into the market going into 2025. This data can also help sellers know who their buyers could be when looking at their homes and figure out what features Continue Reading
Buyer Commission Updates: What Sellers Need to Know
Buyer Commission Changes: What Sellers Need to Know Buyer agent's commissions are going through a significant shift. One could argue that the real estate world is shifting, and one of the most significant changes comes from the National Association of Realtors (NAR) regarding buyer commissions. These updates have sparked discussions about how commissions are structured, and for sellers, it’s an Continue Reading
Should You Rent or Buy? Breaking Down the Numbers
Should You Rent or Buy? Breaking Down the Numbers This Holiday Season Rental prices have fallen for the 15th consecutive month, making it tempting to think renting is more thoughtful than buying. But when it comes to deciding, it’s not that simple. According to the Realtor.com® October 2024 Rental Report, renting is more affordable than buying in all 50 major metro areas. The median Continue Reading
Affordable Metros: Maximize Your Home Value
The Most Affordable Metros in America: Get More Bang for Your Buck Many Americans are concerned about home affordability, especially as mortgage rates continue to trend higher. Despite the challenges, several metros still offer the opportunity to own a home without overextending one's budget. Realtor.com® recently analyzed the largest metros in the U.S. and found that while cities like Los Continue Reading
Credit Score Before Buying a Home
Improving your credit score before buying a home is crucial for qualifying for better mortgage rates, which can save you a significant amount of money over the life of your loan. Here are some tips and strategies to help boost your credit score: 1. Check Your Credit Report for Errors Obtain Your Credit Report: Get a free copy of your credit report from each of the three major credit bureaus Continue Reading
Quarterly Market Report
Quarterly Market Reports can show us all where the market has gone and the direction we might be heading. We are in the final quarter of 2023, and this post compares how each quarter has performed and which neighborhood experienced its strongest quarters. Back Bay Condo Back Bay: So, if you look at the 1st Quarter Back Bay, the strongest Quarter has been the first Quarter Continue Reading
Commission Changes in Real Estate
In the evolving world of real estate, significant changes are on the horizon, and they will impact how agents are compensated and more transparency to buyers and sellers. These changes may appear distant from your buying or selling experience but will affect you soon. Before delving into these forthcoming adjustments, it's crucial to understand the current state of the real estate Continue Reading
Rent Control
RENT CONTROL DEBATE In 2000, I moved to Boston and what brought me here brought a lot of people to Boston: a job. Also, it's a fantastic city, but it's not exactly a cheap city. I was led to believe New York City was the only east coast city that was expensive. I was wrong. Many people from Connecticut and New York have this belief. Affordability is also a topic that news and politics Continue Reading
Top Five US Cities rents will continue to rise
Rents at the Start of the Pandemic and where we headed Wasn't it nice in 2020-2021 folks saw a break in rents? Now we are closing out 2022 and rents this past year soared to new levels. At one point most areas of the country had rental action competing with sales-level activity. Best and final, open house with 25 deep of people. Agents with their clients with paperwork completed in hand. No time Continue Reading
