Real Estate – 30 Year Mortgage Rates
Real Estate – Boston.com Feature; Charlestown
In this VIDEO for Boston.com I provide some insight to the always competitive Charlestown market. I discuss a few reasons why the inventory remains low in this 1 square mile district of Boston. For more information visit www.adamgre.com.
Real Estate – Boston Record Sale Price
A new record in Boston! One Dalton condo sells for $40,000,000. This project is slated for completion in June 2018, it will be the tallest residential tower in Boston – rising 61 stories, 741ft. This Four Seasons building will encompass 181 luxury condos, and 212 room hotel. www.onedalton.com
Real Estate – Rent Values
A good visual for Rent Value increases from 1990-2010. This helps put in perspective the, seemingly, never ending increase in rent values. If this map was reflective of 2015
Real Estate – Boston Water
According to the MWRA annual Drinking water test, Boston has the best water in the country! The water is supplied from the Quabbin Reservoir, about 65 miles west of Boston,
Real Estate – Boston Water
According to the MWRA annual Drinking water test, Boston has the best water in the country! The water is supplied from the Quabbin Reservoir, about 65 miles west of Boston, and the Wachusett Reservoir, about 35 miles west of Boston. To view official results visit www.MWRA.state.ma.us
Real Estate – Rent Values
A good visual for Rent Value increases from 1990-2010. This helps put in perspective the, seemingly, never ending increase in rent values. If this map was reflective of 2015 they would need to add a darker shade of red!
http://codeforboston.github.io/ungentry/#
Real Estate – Boston Blizzard Prep
To-do’s for Blizzard:
-Salt driveway & sidewalks before/during/after snow.
-Have a backup shovel.
-Flashlight(s). Matches & candles.
-Have 3 days of water for drinking, and if prone to power outages, fill tub for toilet flushing.
-Intermittently check roof (especially if flat) and remove snow if possible.
-Keep alleyways and fire escapes clear if possible.
-2-3 days worth of food.
-If power goes out only use cell phone when necessary.
-Know where your heat system vents outside and keep snow from piling in front of it.
-Don’t turn on and sit in car before shoveling out.
Real Estate – Boston Top 5 Sales
Boston Top 5 Condo Sales, 2014:
1 – 776 Boylston St (The Mandarin) $11,950,000
2 – 250 Boylston St (Le Jardin) $9,200,000
3 – 776 Boylston St (The Mandarin) $8,500,000
4 – 6 Newbury St $7,500,000
5 – 304 Commonwealth Ave $7,350,000
Real Estate – As Investment vs Stock Market
Thinking of investing in stocks this fall? You may want to consider Real Estate instead. A few reasons why:
-Rental income can cover most, if not all, carrying costs.
-Strong, and consistent, appreciation in/around Boston.
-Tax write offs (mortgage interest, depreciation, operating expenses; etc).
-You will own a physical asset vs a paper one.
-As goes real estate, so goes the economy. It will always be a priority to fix if things go south.
Real Estate – 30 Year Mortgage Rates
Mortgage rates are the lowest since October 2013… This helps balance the (still) rising sale prices:
Today’s rate = 4.15% /
Two months ago = 4.33% /
October 2013 = 4.10% /
One year ago = 3.90% /
Two years ago = 3.53%