Monday, June 29, 2009

Spotlight on Boston real estate: How much can one degree save?


Even though our spring was mild, the hazy days of summer will soon be upon us. Before you crank up that air conditioning, consider adjusting your normal temperature. A programmable thermostat allows you to cool your home only when you are there – potentially saving you 5-15% on your cooling bills. One degree can save you one percent of your bill.

For more information, go to energysavers.gov.

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

Tuesday, June 23, 2009

Spotlight on Boston real estate: Boston named in list of “Best Cities to Buy a Home”

An article on forbes.com took a look at cities around the U.S. real estate landscape. By looking at a number of factors - including number of transactions, price per square foot and distribution of activity in the neighborhoods - Forbes developed a ranking system. Boston ranked #3 overall and had the largest increase in price per square foot at 6%.

To read the complete article, go to forbes.com.

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

Friday, June 19, 2009

Spotlight on Boston real estate: Mass Foreclosures Drop 58.6% in May

An article on boston.com explored data from this May that showed a tremendous drop in foreclosures for the state of Massachusetts. The study by the Warren Group show the drop in comparison to the same month last year. There was also a 24.3% drop from last month (April 2009). Timothy M. Warren Jr., Warren Group’s chief executive, called the new data “encouraging.’’

To read the complete article, go to boston.com.

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

Thursday, June 11, 2009

Spotlight on Boston real estate: Bidding wars on Boston area properties

An article on wbur.org showed how properties that are priced aggressively are causing bidding wars. As the reporter put it, homeowners are setting the offering price low and allowing the market to bid it up. This seems to be working within Boston and its more desirable surrounding areas like Cambridge and Arlington.

To read the complete article, go to wbur.org.

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

Monday, June 8, 2009

Spotlight on Boston real estate: Jumbo Mortgages on the Rise

An article on Boston Business Journal’s website investigated a rise in what they are calling “mega-mortgages” - those over $1 million. The jumbo loan market appears to have been doing well, despite the more strict financing guidelines of late. The Journal sited the Boston-based wealth management division of the Bank of New York Mellon as a firm who is leading the charge. The firm tends to deal with the wealthiest 1%.

To read the complete article, go to BizJournals.com.

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