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Get Real (Estate) with Liz & Ellie |
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JANUARY 2022 |
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HOW CAN WE MAKE A DIFFERENCE? |
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Housing Discrimination |
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Martin Luther King, Jr. Day may be behind us, but housing discrimination is far from a thing of the past. The real estate industry has contributed mightily to the systems and institutions that prevent people of color, especially Black Americans, from owning or renting in an equitable way. As members of the real estate community, w e recognize our opportunity to institute small changes that could make a big difference. Here are some of Liz's thoughts on the subject. |
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STILL HOT HOT HOT |
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Q4 Market Report |
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Extremely limited inventory and rising prices were once again the defining features of Greater Boston's residential real estate market last quarter. The state's low unemployment rate of 5.4% (as of November 2021) was also a contributing factor, adding to the healthy supply of buyers. For single-family homes, inventory plummeted 41% from the final quarter of 2020. Average selling price, meanwhile, rose 12%. Condo inventory also experienced a significant drop last quarter, 43%, with average selling price creeping upward by 5%.What should sellers and buyers expect for Q1 and the rest of 2022? Inventory is projected to stay tight, pushing prices higher across most of the market. Look for competitive-offer situations to remain common. Interest rates are slowly rising, which may affect the buying power of some buyers. If you're a potential seller, we advise listing your home as soon as possible to take advantage of the scant inventory before rates go any higher. Buyers, be sure you're pre-approved for a mortgage and your pre-approval is up-to-date, so you're ready to make an offer quickly when the right property comes on the market. |
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Featured Markets |
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See the full report, with more communities, here. |
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Local Events |
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Stay warm, cozy, safe, and a little tipsy this winter. From yurts to greenhouses, igloos to fire pits, cabanas to heated patios, there are a variety of outdoor dining experiences to explore in the Boston area this winter. Here is a great list; if we're missing a great spot please let us know! We're always willing to try something new. |
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Escape the cold with popcorn and a great flick (with a steamy kiss). If being inside is more appealing than the outdoor experience, check out The Brattle in Harvard Square. The Brattle shows classic, independent, and foreign films year round, and has festivals and other events as well. We especially love the Bugs Bunny Film Festival! |
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