Back Bay real estate: Boston penthouse with private deck

This gorgeous penthouse two bedroom duplex in Boston’s Back Bay features a private deck with stunning city skyline views. Sun-filled open living room with cathedral ceilings, renovated gourmet cook’s kitchen with breakfast bar, separate dining area, and glass doors leading to a private deck. Spacious master bedroom with two closets, second bedroom perfect for office/guest room combined. One and a half marble baths, pristine hardwood floors, fantastic storage and closet space throughout, central air conditioning, elevator, and parking included.

To see more details about this home, go toBoston Back Bay penthouse at Gibson Sotheby's International Realty, your real estate experts.

For more information on Boston Back Bay real estate sales, go to Gibson Sotheby's International Realty, Boston's real estate experts.

Boston home sales rise in November

Boston home sales shot up in November of 2009 – especially in comparison to last year’s dismal numbers amidst the financial crisis. But, not solely based on 2008. November of 2009 was the best November since 2005. Some of the boost was due to the tax credit deadline, which had been in November – it has since been extended to April, 2010. But, it is most likely a combination of factors. Many experts have been suggesting that the Boston real estate market and several others have already turned a corner, making this a great time to buy.

To see the complete story, go to Boston.com. Search Boston homes for sale at Gibson Sotheby's International Realty, Boston's real estate experts.

Report on Cost vs Value: Improving Boston homes for sale

Improving your Boston home for sale? Well, Remodeling Magazine puts out an annual Cost vs Value report. This will help you assess which improvements improve resale and what percentage you are likely to recoup. For instance, the report finds that the cost of a major kitchen remodel is likely to be recouped by 72% in the resale of a Boston home.

To see the complete report, go to Boston home improvements. Search Boston homes for sale at Gibson Sotheby's International Realty, Boston's real estate experts.

Weston real estate: Fabulous 12,000 sf Weston home

Flawless bank owned property priced for rapid sale. This 12,000+- square foot luxury was home built in 2006-2007. No expense was spared with In laid floors, coffered ceilings, stone fireplaces, wood paneled formal library, 6 bedrooms, 5 full baths, and 3 half baths. Seven zone heat and seven zone central A/C on 2.5 acres+- in a desirable Weston location. State-of-the-art systems, au pair suite and three car garage. Gorgeous custom doors, windows and molding are found throughout. The bank is a local entity and easy to deal with financing available for approved individuals.

To see more details about this home or other luxury estates, go to Weston real estate sales at Gibson Sotheby's International Realty, your real estate experts.

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

Charlestown real estate: Just Listed on Tremont

Charlestown real estate for sale: Chris Tuite of Gibson Sotheby’s International Realty listed a single family home near Monument Square. Stunning Monument area single family with two car parking! Built in 2000, this classically designed home has a wonderful open floor plan. Includes formal living room and dining room with gas fireplace, pristine granite and stainless kitchen, custom plantation shutters, and a half bath. Gracious, sun filled family room offers open layout and gas fireplace. Three generously sized bedrooms, beautiful Carrara marble or white tile baths. Lovely garden/patio. Awesome finished basement. Offered at $819,000. See more detail at the Charlestown real estate source.

For more information on Charlestown real estate sales, go to Gibson Sotheby's International Realty, Boston's real estate experts

Boston real estate sales top market gains list

Boston real estate sales are at the top of the market gains measured by Zillow. As housing stabilizes around the country, forty-eight of the 154 markets tracked showed gains in home values during 2009, with the Boston metropolitan statistical area (MSA) showing the largest gain of $23.3 billion. The Providence, R.I. MSA was second on the list, with a gain of $12.4 billion.

Secretary of the Treasury Tim Geithner recently spoke before the Congressional Oversight Panel, saying, "Housing markets are showing some signs of stabilizing and wealth is recovering, which should stimulate consumer spending - vital to American economic growth.” However Geithner said unemployment continues to slow full national economic recovery.

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

Boston real estate sales team meets with regional network

Gibson Sotheby’s International Realty’s Boston real estate sales team joined colleagues from the northeast region at a conference held in Winchester, Massachusetts. Agents from Maine, New Hampshire and Rhode Island, as well as dozens of Massachusetts real estate sales agents, were in attendance. The participants discussed best practices and forged new partnerships. (Pictured here are Broker/Owners from some of the regional offices).

Gibson Sotheby’s International Realty CEO, Larry Rideout, was pleased with the outcome. “We are proud to be part of the Sotheby’s International Realty network and of how unique the service is within our industry. This event is yet one more example of the power of working together. We know that from what we have learned here, we will be able to expand our reach and offer even more to our agents and clients.”

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

The Tax Credit Extension

For those seeking Boston homes or condos for sale, we have a simplified explanation of the Tax Credit Extension. Click on the photo to enlarge.

For more information on Boston homes for sale , go to Gibson Sotheby's International Realty, Boston's real estate experts.

New Boston property tax assessments

The new Boston property taxes have been released. The rates and assessments have changed. This is important to know as a homeowner – especially if you have decided to sell your current home or buy a new home in Boston.

Click here to see more details on your Boston property taxes.

For more information on Boston homes for sale , go to Gibson Sotheby's International Realty, Boston's real estate experts.

Weston luxury home featured in Boston Business Journal

A spectacular Weston luxury home, marketed by Beth Dickerson and Julie Harrison of Gibson Sotheby’s International Realty, was featured in the Boston Business Journal.

For more information on Boston and Weston luxury homes, go to Gibson Sotheby's International Realty.

Boston luxury home featured on the Wall Street Journal website

One of our fabulous Boston luxury homes, currently offered for sale, is being featured as the House of the Day on the WSJ.com site.

Click here to see more details on this fabulous Boston property.

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

Fabulous waterfront home for sale

This fabulous waterfront home is the quintessential New England mansion. Exquisite c1886 Peabody and Stearns waterfront estate on Newport's famed Cliff Walk. Over two acres of gorgeous Olmstead designed grounds with sweeping lawns to water's edge. Main residence and two-unit carriage house in immaculate condition. First offering of this unique historic property in over 30 years. Listed by Paul Leys of Gustave White Sotheby’s International Realty.

Click here to see more details on this Newport mansion.

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

Boston home sales on the rise for the 4th straight month

With the tax credit, low interest rates and improved consumer confidence helping to move buyers into the market, Massachusetts has seen an increase in the number of homes sold for the fourth month in a row. October saw its highest number of sales since 2005 – showing a 17.2% increase over the same month last year.

Click here to see more details on boston.com.

For more information on Boston homes for sale , go to Gibson Sotheby's International Realty, Boston's real estate experts.

How to buy a home in Boston

When looking at homes for sale in Boston, first time homebuyers might not always know what the next step is. This is a quick list for homebuyers that can help.

- Obtain pre-approval letter from lender
- Make offer to purchase (with initial deposit)
- Submit mortgage application
- Conduct home inspection
- Review condominium / property documents
- Sign P&S agreement (with additional deposit)
- Choose loan program and closing attorney
- Obtain mortgage commitment
- Get homeowner’s / condominium insurance
- Consider homestead
- Review closing costs
- Conduct “walkthrough” inspection
- Obtain check or wire funds
- Attend closing (bring photo ID and check book)
- Apply for residential exemption


If you wish to receive a free homebuyer’s guide for Boston, please email our Boston Real Estate Expert.

For more information on Boston condos for sale , go to Gibson Sotheby's International Realty, Boston's real estate experts.

Featured Boston condo: Laconia Lofts Penthouse

Introducing this unique residence at Laconia Lofts. Contemporary design offers an open & bright floor plan with 18 foot ceilings and a skylight. 2 Bedrooms/2 baths with a private deck off of the living room. Built-in shelving throughout, as well as plenty of wall space for art display. Cozy fireplace located in one of the bedrooms. Master bath features a jetted tub and separate shower. Private garage parking. Located in the heart of the South End, steps to the Silver Line, Peters Park, fine dining.

Click here to see more details on this Boston condo.

For more information on Boston condos for sale , go to Gibson Sotheby's International Realty, Boston's real estate experts.

Boston real estate market gets a good grade

The Urban Land Institute recently reviewed the Top Five Real Estate Markets. The Boston condo and single family home market did very well.

“Boston is a solid market as compelling economic drivers—premier educational institutions, life science companies, and high tech business—reinforce investors’ long-term conviction. Downtown apartment vacancies remain well under 10 percent and condo/house pricing ‘remains stiff.’”

To read the full story, go to ULI.com.

For more information on homes for sale in Boston , go to Gibson Sotheby's International Realty, Boston's real estate experts.

From Boston real estate to the National Picture

(SAN DIEGO, CA) -- Within two weeks of Congress passing an extension and expansion of the home buyer tax credit program through mid-2010, the feeling of renewed optimism and energy was in the air at the annual National Association of Realtors convention in San Diego this past weekend.

At a scheduled press conference, NAR introduced Vicki Cox-Golder as their new incoming President for 2010.

Ms. Golder stated in her press conference that her goals in 2010 primarily included, "Providing more liquidity to the real estate marketplace, get kinks out of the appraisal process, reduce restrictions on lending and further encourage our Realtors to really know their local markets."

NAR's senior economist Lawrence Yun also held a separate press conference and released some telling numbers and market predictions for 2010 that included; sales activity continuing to rise by as much as 15% in 2010, the reduction in inventory to just a 6-7 month national supply, and housing prices stabilizing and even showing a modest 3% to 5% appreciation by the end of 2010.

But Yun did admit that there are some issues that remain in 2010 that include increased foreclosures through mid-2010 and continued rising unemployment.

He further commented, "The fear factor that many consumers had in 2009 when it came to buying a home will be replaced by rational decision making and market data in 2010".

Other real estate market predictions made by Lawrence Yun for 2010 included;


* Estimated that over 2.2M families will take advantage of the home buyer tax credit program.

* 5.7M annualized sales rate of existing home sales, up from 5M in 2009.

* 550,000 new home sales, up from 400,000 in 2009.

* Over 3M homes in foreclosure in 2010 and an additional 3M homes in foreclosure in 2011.

* More international buyers enter the market in 2010 due to favorable exchange rates against the US dollar.


When asked, "what keeps you up at night for 2010", Yun replied "Inflation". "When inflation goes up, so does interest rates!"

Find the complete article on http://www.realestatechannel.com

Regional market surge helps Boston homes for sale

A recent RIS Media article documented the third quarter market improvements around the country – including the Northeast, where existing-home sales were up 16.7%. That is 6.9% over a year ago. One possible reason for the improvement is the First Time Homebuyer Tax Credit. The National Association of Realtors Chief Economist, Lawrence Yun, thinks a significant portion of the success is due to the tax credit. More than fiscally motivating, the credit has had an impact on the consumer confidence.

The Boston condo market was sited as one of the higher valued markets.

To read the full story, go to rismedia.com.

For more information on Boston homes for sale, go to Gibson Sotheby's International Realty, Boston's real estate experts.

Boston homes and homeowners now have a new tool

It was announced at the National Association of Realtors convention this week that a new tool for homebuyers has just been launched. HouseLogic.com is a free source of information and tools from NAR that can help you make smart and timely decisions about your home. How will this affect Boston’s homes? Well, the site will offer content covering home improvement, maintenance, taxes, finance, insurance, and even ways you can get involved in and enrich your community. The goal of HouseLogic is to help you increase and protect the value of your home by helping you make confident decisions.

To read more about this new site or to see the beta version, go to HouseLogic.com.

For more information on Boston homes for sale, go to Gibson Sotheby's International Realty, Boston's real estate experts.

Joe Wolvek of Gibson Sotheby’s International Realty put together a great analysis of homes going under agreement in the South End of Boston. This benchmark is very helpful for those keeping an eye on market movement to see how many Boston homes for sale are going under contract. Some of the activity could be due to the passing of the home buyer tax credit extension and expansion. The Boston real estate market still continues to outperform other markets in the country.

To read more by Joe Wolvek, go to BostonRealtyWeb.com.

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

New Magazine Features Boston Homes and Architecture

For those of you who haven’t already seen an issue of Esplanade, this beautiful new local magazine offers editorial on architecture, renovation, interior design, architectural history, food and everything else that gives Boston it’s rich cultural flavor. Produced by John O’Connor (of Interview Magazine and Harvard Business Review) and Hilary Lewis (winner of the American Institute of Architects’ Monograph of the Year Award).

This upcoming issue continues Esplanade’s look at 10 Buildings You Need to Know in Boston – with this issue’s spotlight on the ICA.

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

Documentary on Green Building in Boston

A recent documentary captures the building of the Macallen building in South Boston. Read the whole story on GreeningOfSouthie.com. The same entertaining and informative filmmakers who brought us "King Corn", have documented the building of a this groundbreaking structure. This 2008 film is now making its way around the festival circuit.

For more information on homes for sale in Boston, go to Gibson Sotheby's International Realty, Boston's real estate experts.

Tax Credit is Extended: Boston Real Estate Market to Get a Boost

Congress passed the Extended Tax Credit for real estate purchases today. Now included are purchases for existing homeowners. Read the whole story on Boston.com. Condos and homes for sale in Boston are sure to see a boost from this much anticipated move.

For more information on homes for sale in Boston, go to Gibson Sotheby's International Realty, Boston's real estate experts.

Featured Boston Homes for Sale: Cold Spring Green

The contemporary townhomes at Cold Spring Park were designed by an award-winning architect. Crafted for luxury living with extraordinary detail and artistry, each unit boasts a private elevator and totally 'Green' construction including geothermal heat/AC, solar ready, and T & G Cedar exterior. The open floor plan features soaring ceilings and skylights, glass and stainless detail throughout as well as Bayerwald 'Tilt and Turn' windows. The kitchen boasts custom-made cabinetry, Cambria Quartz counters, Sub-Zero refrigerator and Bosch appliances. The ultimate in New York City sophistication in Newton Massachusetts.

For more information on homes for sale in Boston, go to Gibson Sotheby's International Realty, Boston's real estate experts.

Tax Credit Update: Extension Possible Today

Today may be the day that homebuyers find out about a potential extension for the tax credit that would otherwise expire on November 30. Read the whole story on Bloomberg.com. This could help to continue to bolster demand for homes for sale in Boston. The Boston real estate market has continued to see market activity, while other areas of the country have been less consistent.

For more information on homes for sale in Boston, go to Gibson Sotheby's International Realty, Boston's real estate experts.

Success in Staging

The benefits of staging a home for sale are well known to local real estate agents, many of whom can recall their own success stories. I remember one development where the agents just seemed to be moving furniture from one unit to another – as each unit sold quickly after staging. But, some homeowners may not understand the importance of professional interior design when presenting a home for sale.

Interior Designer, Andrew Terrat has provided staging and interior design services for many years. The owner of Terrat Elms has staged model condominiums for newly constructed developments, such as FP3. He has also designed home interiors for homeowners in Boston, including clients at the Ritz. Each example offers a different style personality – from brick and beam urban lofts to casual beach retreats. Terrat uses a combination of the homeowner’s personality and the style of construction.

Terrat believes staging can help a buyer to make a personal connection to the home. “Home buyers have an immediate connection – or not – to a home when they see it. My experience is that you have one opportunity to make that connection. Staging a property effectively can seal the deal. Is the common hallway pleasant? Is the first look into the home instriguing?” Terrat also notes there is a real value proposition in staging. “My experience is that buyers are inclined to choose and are willing to pay more for a property that has been renovated well and that shows well. I always have resale in mind when working with clients.”

For more information, go to TerratElms.com.

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

Tax Credit May Be Expanded AND Extended

Key senators compromised this week to extend the homebuyer tax credit that will broaden the benefit to include existing homeowners who are buying a new home as well as first-time homebuyers. Read the whole story on UPI.com. The existing homeowners will qualify for a credit of up to $6,500 and must have owned their current homes at least five years. The new plan is expected to reach the President’s desk next week.

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

Winterize Your Home

Did you know that drafts can waste 5% to 30% of your energy use? Or that the Fed chips in on certain energy saving changes. For example, there is a tax credit which pays 30% of the cost for solar water heaters, or up to $1,500 for conventional systems. DailyGreen.com posted several helpful tips to help you winterize your home.

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

Rooftop Infinity Pool Overlooks Boston Public Garden

The Benjamin Mansion with its granite façade, copper and slate roofs has been renovated to a degree rarely seen. One of the grandest buildings on Beacon Hill, this single-family attached row house is located on the flat of Beacon Hill, directly across from the Boston Public Garden, and a short stroll to historic Charles and Newbury Streets. This residence consists of 8,450 square feet of elegant indoor living space, six bedrooms, an au pair suite, six full baths, eight fireplaces, wine cellar with cigar humidor, state-of-the-art media room, wood paneled library, fully-equipped gym, elevator and a roof-top pool. The house is unobtrusively wired and automated to incorporate some of the most sophisticated Smart Home technology on today's market. The exterior amenities include a private garden patio, two roof decks, one including an Infinity lap pool, and three front balconies. In addition, there are two to three parking spots.

For more information, go to sothebysrealty.com. To see this home featured on the Wall Street Journal site, go to wsj.com.

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

REALTORS TEAM UP WITH THE COALITION FOR THE HOMELESS

(Boston, MA)--The Greater Boston Association of Realtors® (GBAR) and the Massachusetts Coalition for the Homeless has teamed up to assist families transitioning from homelessness. GBAR’s Community Service Committee is sponsoring a furniture drive from November 3-6. The drive will benefit the Coalition’s furniture bank, which is used to furnish the homes of families making the transition from homelessness. The furniture bank accepts qualified household items to be distributed to families in need. This year, Olympic Movers is donating their time and resources to offer professional moving services to the charge. After making a reservation, Olympia Movers will pick up and move the donations from the homeowners at no cost. They will then deliver them on your behalf to the Furniture Bank. Homeowners have until October 21st to register donations by calling Joanne Paleo at 978-303-7100.

For a lot of Massachusetts families, this is much needed assistance. “Nothing is timelier than the topic of homelessness in today's economic climate,” said Joanne Paleo, chair of the Community Service Committee. “GBAR's Community Service Committee has been hard at work to support the Coalition and its Furniture Bank program. As local Realtors® our daily activities are entrenched in the housing market and I can’t think of a better way to give back to the communities that supports us.”

This is the second annual furniture drive GBAR has sponsored for the Coalition, which is the country’s oldest statewide homeless advocacy organization, founded in 1981. The drive matches the needs of homeowners who need to clear out unused furniture and families moving from shelters into empty homes. The Committee’s Vice Chair, Bill Gehan of Gibson Sotheby’s International Realty, is moved by the joint effort. “The Mass Coalition for the Homeless does an incredible job of helping families to prevent homelessness. My commitment to the organization was cemented when I learned that 40% of the homeless in Massachusetts are children under the age of 7. It is a truly frightening statistic.”

But, hope is clearly the key ingredient in this event. “The Massachusetts Coalition for the Homeless is thrilled to again be partnering with the Greater Boston Association of Realtors® in their efforts to help homeless families make a house a home,” said Robyn Frost, executive director of the Coalition. “With the help from the Board we are able to ensure that families making the transition out of homelessness into permanent homes will have free of cost furniture to set up their new homes.”

The Greater Boston Association of Realtors® is a private trade association with more than 5,500 Realtor® members who specialize in residential real estate in Eastern Massachusetts. GBAR is the largest of five divisions of the Greater Boston Real Estate Board (GBREB).

A Great Time to Invest in Rental Property

A recent story on Forbes.com explored the current market conditions for investment properties. The apartment vacancy rate has crept up to 8% nationally. However, the demand is projected to skyrocket, since we now have the highest college enrollment in history. Those young professionals will become renters in the next few years.

For more information, 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.

Law Center Cautious About Reversed Mortgages

A recent story on Bloomberg.com discussed the National Consumer Law Center’s take on reversed mortgages. The product offered within the last few years offers an opportunity for older homeowner’s to tap into the equity on their homes. But, the NCLC cautions those who are considering it – they even say it may become the “next subprime”, with similar predatory tactics being used by some firms.

For more information, go to bloomberg.com.

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

Massachusetts well-positioned for recovery

Analysts, citing key indicators for economic performance, are predicting that our state will recover from this recent economic downturn quicker than the rest of the country. Labor and housing market statistics show that Massachusetts is outpacing the US statistics by a significant margin – with home sales (adjusted for seasonal variations) soaring nearly 50 percent in the state since hitting bottom in January, compared with less than 20 percent nationally.

This is not, however, to say that the markets will fully recover in the next several months. Economists are cautiously predicting a slow recovery for the nation – with 12 to 24 months of incremental growth.

For more information, 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.

What to consider before relocating for a job

There are many things to consider before you relocate for a job. A recent Wall Street Journal blog entry noted that understanding your company’s relocation package and support can be a key factor in deciding if it is the right move for you. Kristen Rideout, one of the Managers of Relocation for Gibson Sotheby’s International Realty, notes that there are several benefits that some companies offer. “Moving costs and temporary rental housing are fairly common. But some companies will assist the relocating employee with closing costs or will guarantee the sale of their house.”

For more information, go to wsj.com.

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

Boston home prices showing positive growth

Zillow.com’s charting of home sale prices is showing positive growth. The data taken over the last several years, shows downward pressure on pricing, with a positive turn during this year.

For more information, go to zillow.com.

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

Home of Historic Civil Rights Activist For Sale in Boston

Lee Robinson of Gibson Sotheby’s International Realty has listed the historic home of William Monroe Trotter in the Jones Hill neighborhood of Dorchester. This modest five bedroom, two bath Victorian home has a picket fence, and a farmhouse feeling with a vintage kitchen, a tree-top master suite and many charming architectural details. It also features extensive decorative painting by John Derian. This unusual property offers a restful urban oasis with a terrace, a professionally landscaped yard, two pergolas, a tree swing, parking and a wonderful location – high upon Jones Hill, capturing lovely natural light and ocean breezes.

Mr. Trotter graduated magna cum laude from Harvard in 1895, and was the first man of color to be awarded a Phi Beta Kappa key. But upon graduation with an M.A., he quickly hit the glass ceiling in his professional life. A co-founder of The Guardian, an African American activist newspaper, he also was a charter member of the Niagara Movement, a forerunner to the NAACP. As a political activist and publisher he railed against segregation in government and agitated for radical reform and equal rights. In 1899 he married, Geraldine Pindell who co-partnered with him providing substantial help and support enabling Mr. Trotter to achieve significant success. The couple lived in their Jones Hill home until her death in 1916 and his in 1934. The home was named a National Historic Site in 1976.

With a unique combination of charming details, abundant natural light and generous living space, this storied home captures all the romance of the Victorian era. For more information, go to gibsonsothebysrealty.com.

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

Economy shows improvement

A NYTimes.com article sites the Fed’s Beige Book as showing signs of economic recovery. Alan D. Levenson, chief economist at T. Rowe Price, noted “The economy is making the transition from recession to recovery.” He expected the economy to grow at a rate of about 3 percent in the summer, then more modestly in the last months of the year.

For more information, go to nytimes.com.

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

Home-maintenance check list for September

A recent MSN.com article offered several suggestions of what to do to prepare your home for the fall and winter. Ideas include inspecting your storm windows and insulation, caulking exterior gaps, ordering firewood, cleaning your dryer vent and more. In some cases, you may even consider having more efficient windows installed to save on your monthly heating bills.

For more information, go to msn.com.

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

Massachusetts market showed improvement in July

A recent NECN story used exciting numbers from the Warren Group to indicate improvement in the Massachusetts real estate market. It was the best July since 2005 – showing a tremendous number of home sales during a normally quiet month.

For more information, go to necn.com.

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

Spotlight on Boston real estate: Fixing up old homes

Boston.com featured a list of ten ways to improve an older home. From adding transom windows to open a room, to changing exterior paint colors, this list offers several solutions if you are selling your home or buying a previously owned home.

For more information, 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.

Spotlight on Boston real estate: Monetizing the First-Time Homebuyer Tax Credit in Massachusetts

An article in Banker and Tradesman discussed the exciting news that a program in Massachusetts will allow qualified buyers to use the First-Time Homebuyer Tax Credit as a downpayment:

Patrick, MassHousing Monetize First-Time Homebuyer Credit
By Ian B. Murphy - Banker & Tradesman Staff Writer
July 14, 2009
Gov. Deval Patrick has announced a loan program through MassHousing allowing first-time homebuyers to monetize and use an $8,000 federal tax credit as a funding source toward the closing costs of their new home. The principal and interest payments for the loan will be deferred until June 1, 2010, to allow first-time homebuyers to pay back MassHousing with their federal tax credit. If loans aren't paid by the June deadline, they will be amortized for 10 years at the rate of their original mortgage. Gary Rogers, president of the Massachusetts Association of Realtors (MAR), said not paying back the loan with money saved from the tax credit is still a decent option. "If that's what the homebuyer opts to do, that's still an excellent program; usually second mortgages have much higher rates," Rogers told Banker & Tradesman.

The loans will be available only to homebuyers with MassHousing mortgages, through MassHousing-approved lenders. To be eligible, loan participants must use the home purchased through the program as their primary residence for at least three years, and must purchase a one, two, three or four-family home from a seller unrelated to the buyer by Nov. 30. "These loans will both help prospective homebuyers achieve the comfort and stability of homeownership for their families, and also stimulate the commonwealth's economy through increased home sales, while reviving neighborhoods impacted by foreclosure," Patrick said in a statement.

This is the first program of its type in Massachusetts, according to Rogers, but there have been other variations of the same theme in other states. MAR worked with Patrick, Lt. Gov. Timothy Murray, and MassHousing to bring the program to fruition. "It's a partnership; we're right there with them, and we'll be making sure that our Realtors inform the people who this is aimed for, and that they know about the program," Rogers said. "The Tax Credit Loan will be of great benefit to homebuyers, Realtors and MassHousing-approved lenders, and we applaud the Patrick-Murray administration for its leadership in promoting affordable homeownership opportunities in Massachusetts," said MassHousing Executive Director Thomas R. Gleason.

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

Spotlight on Boston real estate: Google Maps now displays homes for sale

Google announced that users may now use Google Maps to search for homes. This makes for another good source for buyers – allowing for ease of use, as well as the convenience of using street views.

For more information, go to google maps blog.

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

Spotlight on Boston: July 4th with the Pops

It may not feel like summer, but Boston’s Independence Day celebrations begin tomorrow. For more information about the warm-up concert, the fireworks and more go to www.july4th.org.

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

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.

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.

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.

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.

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.

Spotlight on Boston real estate: Tax Credit Used for Down Payment?

A recent article on WashingtonPost.com looked at a new use of the First-Time Homebuyer Tax Credit: a down payment. Yes – it looks like qualified buyers with FHA-insured loans will be able to use the $8,000 tax credit as a down payment. This may make it a little easier for interested buyers to get financing. In fact, officers at the National Association of Home Builders estimate that the number of sales stimulated by the credit may double!

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

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

Spotlight on Boston real estate: Preparing to buy a home?

A recent article on msnbc.com explored the current climate for purchasing a home and created a very helpful list for first-time homebuyers who are looking to take advantage of the federal tax rebate. If you are preparing to buy your first home, there are a number of things that you can do to better prepare yourself for it. From polishing your credit report to considering the maintenance costs of a particular property, there is much that a new homeowner can do to avoid unpleasant surprises.

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

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

Spotlight on Boston real estate: The State of the Market

Joe Wolvek of Gibson Sotheby’s International Realty has released another State of the Market report for Boston’s neighborhoods. The bottom line is that Under Agreements are up. Why? Well, Wolvek sites a few reasons, including low interest rates, the $8000 first-time homebuyer tax credit and a recent slight boost in consumer confidence.

To find read more of Joe Wolvek’s State of the Market report, go to bostonrealtyweb.com.

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

Spotlight on Boston real estate: Learning about your neighborhood

Have you ever wondered who your City Councilor is? Or, have you ever gotten confused about where you are supposed to cast your vote? There is a handy site on the cityofboston.gov website to help you identify that and more.

To find more details about your neighborhood, go to cityofboston.gov.

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

Spotlight on Boston real estate: Pending home sales up over last year

There was some good news this week. The National Association of Realtors has indicated that March’s pending home sales were up 3.2% over February. But, even better, that number was also up 1.6% over March 2008. Year-over-year improvements are welcome news to sellers and it seems to be continuing. Open house attendance has risen in Boston.

To read more of the story, go to cnn.com.

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

Spotlight on Boston real estate: The top places to live in Massachusetts

Boston.com did a survey of real estate agents, asking them to rank the top places to live in Massachusetts based on a few criteria: for first-time homebuyers, luxury homes, affordable homes, school systems, lifestyle and more.
To read more of the story, 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.

Spotlight on Boston real estate: New Wall Street Journal micro-site features Boston firm

The Wall Street Journal is flourishing in this economy, as readers flock to its print and electronic versions for up-to-date information on the stock market, government relief plans and more. Sotheby’s International Realty recently launched an exclusive arrangement with the Wall Street Journal, resulting in a micro-site called “The Business of Extraordinary Living”.

Colleen Barry, the Marketing Director of Boston’s Gibson Sotheby’s International Realty is enthusiastic about the potential for the site. “Our clients’ homes already receive a tremendous amount of exposure from our current datafeed to more than 40 websites. This new Wall Street Journal agreement promises to drive even more traffic to SothebysRealty.com and to our listings. We are thrilled to be working with such a sophisticated and successful publication.”

View the complete site on wsj.com.

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

Spotlight on Boston: Boston farmers markets offer fresh ingredients

With the weather getting warmer and spring activities picking up, Boston workers and residents take advantage of the many farmers markets in the Boston area. From Copley Square to Central Square, there are lots of places you can get fresh produce, baked goods and plants for your family and home.

To find a farmers market near you, go to massfarmersmarkets.org.

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

Spotlight on Boston real estate: Staging homes for sale

NECN, a New England television station, investigated the benefits of staging homes that are for sale to improve saleability. Interviewing two local stagers, the reporter touched on the return on investment – in some cases 300% of every dollar spent! In one case, the home sellers opted to stay once the home was completed.

Read the complete story on necn.com.

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

Spotlight on Boston real estate: How “walkable” is your neighborhood

Boston.com explored an increasingly popular buzzword in real estate: “walkability”. Whether you are on foot or in a wheelchair, nearby amenities and public transportation are attractive features in this day and age. Many people who are being more “green” conscious are looking to avoid car travel and prefer to keep their social activities to their local neighborhoods.

Boston is well-known for its network of social neighborhoods. From the North End to the South End; from Cambridge to South Boston; Boston is a great area for those seeking “walkability”.

Read the complete story on boston.com.

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

Spotlight on Boston real estate: Hancock Tower is sold

The New England Real Estate Journal has reported that the Hancock Tower was bought at auction by a partnership between Normandy Real Estate Partners and Five Mile Capital Partners, which have been buying some of the debt on the building since June. There was only one bid at the auction for the iconic building, originally designed by I. M. Pei.

Read the complete story on NEREJ.org.

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

Spotlight on Boston real estate: Stable pricing in Boston challenges bargain-hunters

The national news has given many home buyers the impression that there are deeply discounted homes on the market everywhere. But, they are not finding them in Boston. One reason is low inventory. Also contributing is the fact that New Englanders tend to be more conservative with their dollars – meaning fewer homeowners here are dealing with troubled mortgages.

Read the complete story on NPR.org.

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: Creative solutions benefit charities and homeowners

Boston.com recently posted an article about how some homeowners have been donating a portion of their assets to charity in a Charitable Remainder Unitrust. There are tax benefits to the action, which also gave one retiring couple a sense of good will.

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.

Boston Real Estate Update: Prime Waterfront location to be developed?

A recent article on Boston.com finds the James Hook & Co. lot may potentially be developed. With commercial and residential developers drawing up potential plans, the Hook family business does plan to stay.

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.

Real Estate Update: Boston ranked in the top ten markets

A recent article on Forbes.com dug into the details of the S&P/Case-Shiller home price index. The result is a list of the ten best and worst real estate markets in the country.

The good news is that Boston is named in the ten strongest markets, along with Washington D.C., New York and Seattle. The worst list saw many familiar names—cities that have struggled for the last year, such as Las Vegas, Phoenix and Miami.

Read the full article on Forbes.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: 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.

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.

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.

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.

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.

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.

Massachusetts Real Estate Update: What’s available for $500k?

A recent article on Boston.com went through a cornucopia of available listings throughout Massachusetts – each priced at $500k.

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.

Boston Real Estate Update: Local banks move into the mortgage biz

A recent article on Boston.com detailed an interesting change in the mortgage market. Many nationwide companies who offer mortgages have been hard hit by defaults and tightening restrictions. In some cases, the local banks were not hit nearly as hard and are now able to offer more beneficial loans. So, if you are in the market for a new home, try stopping by your local bank to see what they can do for you.

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.

Five Biggest Real Estate Myths

Barbara Corcoran, frequent real estate contributor to NBC, presented the 5 biggest real estate myths in this market.

Watch the clip on msnbc.com.

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

Boston’s Back Bay is named in the top ten dreamiest neighborhoods

Frontdoor.com, powered by HGTV, put out a list of ten dreamy neighborhoods in the United States. Boston’s own Back Bay was ranked number ten for its combination of Victorian brownstones, skyscrapers, cafes and 19th century landmarks.

View the complete article on marketwatch.com.

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

Spotlight on Boston real estate: Back Bay

Julie Harrison of Gibson Sotheby’s International Realty has listed a wonderful Beacon Street condominium with Charles River views! This two bedroom floor through home features a gorgeous living room with original moldings throughout and separate dining alcove. Direct elevator access leads to an elegant formal foyer with floor to ceiling built-in's. There is a beautifully renovated kitchen, two full luxury baths, master bedroom suite with a walk-in closet, and a spacious and sunny second bedroom. Also has elegant common areas and a direct access deeded single parking space.

View the complete property description on SothebysRealty.com.

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

Boston homeowners can start to think about solar power

A group called One Block Off the Grid (http://1bog.com) has been brokering a deal to get special pricing on solar power systems for homeowners. They also have information regarding tax incentives in each state and from the federal government – including Massachusetts. This is well-timed with the goals of the new White House administration to invest in alternative energy sources.

View the complete article on 1blog.com.

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

Spotlight on Boston real estate: Beacon Hill

Beth Dickerson of Gibson Sotheby’s International Realty has listed a Beacon Hill pie-a-terre with a fabulous roof deck. Proudly resting on prestigious Mount Vernon Street this pristine two bedroom floor through condo, neighbors Boston's highly sought after Louisburg Square! Situated on the second floor of this charming well maintained and professionally managed brick building, this home; with its hardwood floors throughout, two marble surround fireplaces, sun inviting oversized windows, and enormous private deck, is the ideal residence. A bright and open living room with views onto tree lined Mount Vernon Street, an office area separated by a beautifully molded oversized doorway, this spacious room is open to the well positioned galley kitchen. Master bedroom, offers large windows an en suite tiled bath with unique glass bowl sink basin, and glass shower stall. The second bedroom, currently used as study, provides for access to the sprawling sun drenched private deck. An abundance of outdoor space, direct sunlight, and lush vegetation offers a serene abode in the middle of Beacon Hill!

View the complete property description on SothebysRealty.com.

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