Lovely JP home for sale

This is the loveliest JP two bedroom floor-through home featuring a gorgeous kitchen with sparkling stainless steel appliances, stone counters and maple cabinets. The adjoining dining room is perfect for entertaining dinner guests. Warm hardwood floors run throughout with laundry in the unit offers great convenience. Enjoy private outdoor space and the great value of extra storage.

For more information about this gorgeous home, contact John Ranco and Joe DeAngelo at Gibson Sotheby's International Realty or view one of the JP condos for sale on GibsonSothebysRealty.com.

Boston real estate suffers from a lack of inventory

An article on BankerAndTradesman.com detailed the defining difference between the Boston real estate market and much of the rest of the country: a lack of inventory. In fact, the inventory is down 21%.

The interview with John Ranco, Director of Sales for Gibson Sotheby’s International Realty, uncovered that the battle for agents is to inform clients of the difference between the “national news and regional data, which is much different.”

View the complete article on BankerAndTradesman.com.

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

Boston sees mortgage restrictions loosen for some

John Ranco, Sales Director of Gibson Sotheby’s International Realty and President Elect of the Greater Boston Real Estate Board, has made mortgages a key topic in recent sales meetings for his team of 160 sales agents.

“In this challenging market, it is critical for our agents to be knowledgeable about the most up-to-date mortgage guidelines. We’ve invited several firms to talk with us. And, we are excited about some of the opportunities that are on the horizon,” says Ranco.

One key to these opportunities is an influx of cash from the federal government, aimed at filling voids in the real estate financing market. Joe Smith from Countrywide Mortgage said that companies like his may be able to offer much needed financing to future new developments. Currently large new development projects are faced with tougher guidelines and restrictive pre-sale requirements. Smith says that Countrywide (soon to be Bank of America) may be able to improve on the federal guidelines for developers in Boston. This is good news for real estate buyers and the local construction industry.

In addition, Countrywide is able to offer loans to homebuyers with only 3.5% down, in some cases. This is contrary to the recent news reports that indicate an industry-wide halt on attractive mortgages. Smith says that there are still a lot of really great products out there and many with 4-5% interest rates.

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