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THE MORE THINGS CHANGE... |
The Greater Boston housing market continues to struggle with an inventory crunch across the single-family, condominium, and multi-family markets. Bidding wars are common in the most active price points in the market, which means many properties are trading for tens or even hundreds of thousands of dollars over the asking price. Because of the low inventory, prices are highly unlikely to level off in the next quarter, despite rising interest rates. One of the biggest challenges we have faced this year is working with sellers who are “stuck.” These are homeowners who want to sell but aren’t listing their homes because they can’t find a suitable property to buy. Some solutions that can work for both sellers and buyers include making the sale of a home contingent upon finding suitable housing or providing for a temporary rent-back after the closing.
Buyers in the Greater Boston market must be prepared, both financially and emotionally, to jump in quickly and make strong offers. That said, we remind our buyers that the primary goal is to make a decision that is best for the long term. |
Signs of spring have arrived, and while many people spend hundreds, sometimes thousands, of dollars at the nursery for exotic shrubs, sod and sprinkler systems, fertilizer, plant food, and pesticides, we’d like to nudge you gently but firmly in the direction of indigenous plants. Read team member Rebecca’s argument for keeping it local. |
Happy holidays are made with love and FOOD! |
To all of our friends, colleagues, and beloved clients celebrating this week (and month): chag sameach, Ramadan mubarak, and happy Easter! And whether or not you observe these holidays, there's always room for a good meal, so check out the menu links below and enjoy. |
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An eight-day celebration, Passover marks the liberation of the children of Israel from bondage, and their subsequent exodus from Egypt. The Passover seder is a meal following a specific ritual order, retelling the story of the exodus, and including prayers, songs, and special food. Many Jews refrain from eating chametz (bread or wheat/grain products) for the duration of the holiday. |
Ramadan, the ninth month of the Islamic calendar, is a very sacred time for Muslims. During this time, many Muslims observe a strict daily fast from dawn until sunset. Fasting is a private act of worship engendering nearness to God, as well as a means to empathize with those less fortunate. The fast is broken at sundown with a meal called iftar, often shared among family and friends. |
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Easter Sunday is the culmination of Holy Week, and is the most sacred day in the Christian calendar. This is the day Christians commemorate the joyful resurrection of Christ three days after his death. As with so many religious celebrations, Easter usually ends with a festive meal, which also marks the end of the Lenten season of fasting and penitence. |
Exceptional Italianate two-family just half a mile from the heart of Union Square. According to the Somerville Preservation Commission, the details in this home are "nothing short of wonderful." They include wood floors, high ceilings, double arched windows with a keystone motif, substantial baseboards, pedimented windows, and highly decorated interior moldings. The house has been rented for many years and needs work, but it doesn't take a lot of imagination to envision the final product. New owners could live in one unit and rent the other, maintain the house as an investment property, or combine the two units into a substantial single-family home. Just four blocks to the new Gilman Square Green Line Station, expected to open in just a few months; also near the library, the Somerville Community Path, Bow Market, and Sarma (yum). Not much further afield you will find groceries, restaurants, local shops, Assembly Row, Inman Square, and easy access to I93. Come make this home your own! |
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© Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws.
All material presented herein is intended for informational purposes only. Information is
compiled from sources deemed reliable but is subject to errors, omissions, changes in price,
condition, sale, or withdraw without notice. No statement is made as to accuracy of any
description. All measurements and square footages are approximate. Exact dimensions can be
obtained by retaining the services of an architect or engineer. This is not intended to
solicit property already listed.
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