Thursday, February 26, 2009

Real Estate Update: Will you qualify for the $8,000 tax credit?


President Barack Obama’s $787 billion stimulus plan includes an $8,000 tax credit to first time home buyers for 2009 purchases. Though short of the $15,000 credit that the National Association of Realtors was suggesting, this credit, combined with low interest rates, incentivizes prospective buyers in a challenged market.

However, buyers should be aware that there are qualifying factors. US News & World Report put out a comprehensive article on the details of the package. Read the full article on USNews.com.

For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.

Friday, February 20, 2009

Real Estate Update: Chinese investors scouting U.S. properties


Canada’s national news source, TheGlobeAndMail.com shed light on the continuing trend in U.S. real estate: Chinese investors are eager to take advantage of a buyer’s real estate market in parts of the United States. Some U.S. based firms organize real estate tours for visiting investors.

Read the full article on TheGlobeAndMail.com.

For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.

Real Estate Update: Mortgage agents are very busy following Obama plan

Reuters.com reported that mortgage agents are working hard to keep up with the recent spike in demand for refinancing and new mortgages. All of this is purportedly due to the $275 billion housing plan from President Obama.

Read the full article on Reuters.com.

For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.

Friday, February 13, 2009

Real Estate Update: New winners emerge in this market


WJS.com reported on a substantial rise in first time homebuyers since 2006. The statistics show that more newcomers are able to get into the market, with rates AND prices down (in much of the country) – specifically, at the end of 2008, 41% of buyers were first-timers. In 2006, the number was only 36%.

Read the full article on WSJ.com.

For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.

Monday, February 9, 2009

Real Estate Update: Fed’s plan to buy mortgage-backed securities will be announced tomorrow


CNBC.com released details on the soon-to-be-announced government plan to buy mortgage-backed securities. Treasury Secretary, Tim Geithner, will be presenting a comprehensive relief plan, intended to free-up lending, as well as offer some assistance to distressed homeowners and challenged firms that have applied for aid under the TARP (Troubled Asset Relief Program).

Read the full article on CNBC.com.

For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.

Thursday, February 5, 2009

Real Estate Update: Obama to launch plan for mortgage relief

A recent article on Reuters.com detailed a soon-to-be-unveiled plan by the president to lower mortgage costs. This would be part of a stimulus package to address burdened homeowners and those seeking new mortgages.

Read the full article on reuters.com.

For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.

Boston Real Estate Update: Plan for towers in Waterfront gets criticism


A recent article on BostonHerald.com covered a new plan to replace the Boston Harbor parking garage with two 40-story or higher buildings. Some residents on the Waterfront would lose their views. The development would offer 860,000 square feet of office space, a 200-room hotel and 100 condominiums.

Read the full article on bostonherald.com.

For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.

Monday, February 2, 2009

Boston Real Estate Update: Back Bay offers the quintessential Boston experience


A recent article on Boston.com talked about the pros and cons of Back Bay real estate. As Bostonians know, this is one of the most desirable neighborhoods in the city. With boutique shops, historic landmarks and fabulous restaurants, you can’t go wrong! (unless you are looking for street parking on a sunny day!)

Read the full article on boston.com.

For more information on the Boston real estate market, go to Gibson Sotheby's International Realty, Boston's real estate experts.