Rising mortgage rates could slow the soaring housing prices in Massachusetts, but a repeat of the price drop-off in the early 1990s is unlikely according to economists with the federal government. A report from the Federal Deposit Insurance Corp. shows wide variation in the Massachusetts housing market with prices on Cape Cod more than doubling [...]
The $55 million deal between real estate investor Stephen Karp and Three Winthrop Properties, Inc. becomes final today. The Nantucket Independent reports Karp is hoping the company will accept his offer on more Nantucket parcels. The process of closing Karp€™s purchase of 48 retail properties, including Straight Wharf and Old South Wharf began on Monday. [...]
The global boom in house prices has been driven by two common factors: historically low interest rates have encouraged home buyers to borrow more money; and households have lost faith in equities after stockmarkets plunged, making property look attractive. Will prices now fall, or simply flatten off? And in either case, what will be the [...]
Convicted Tyco chief L. Dennis Kozlowski’s oceanside mansion in Nantucket, where the king of lavish corporate spending hosted a $200,000 wedding for his daughter in 2003, has tripled in value since he bought it in 1997 for $5 million according to a what a top island real estate executive told the Herald. It is a [...]
There is a well written article in from the Nantucket Independent addressing how the island€™s real estate market has risen, dipped and surged to new heights in over three decades. €œThe old-line Yankees aren€™t as plentiful as they used to be,€ said our own Pepper Frazier, Sr. €œBostonians are still here, but the New York [...]
To make a smart choice on a home mortgage, you need to know which fees to pay attention to and which costs to ignore until later. Some lenders are more thorough than others when they estimate the fees and taxes involved in a transaction, making it confusing to comparison-shop. taxes, title insurance and prepaid items [...]
American Real Estate Partners announced today that a long standing legal dispute has been settled and the Company is now ready to proceed with its planned residential, commercial and recreational development. The plan call for up to 450 homes at New Seabury, a premier seaside golf community located on Nantucket Sound in Cape Cod, Massachusetts. [...]
This year, last-minute renters are in luck in most destination resort areas. Renters seem to be the beneficiaries of changing American vacation habits, quirks of weather and, in many resort areas, a swelling supply of luxury rental properties. While real estate prices have shot up, rental prices have, for the most part, held steady from [...]
June 6 (Bloomberg) — While it’s folly to predict exactly when local housing bubbles will burst, there are ways to ensure that your real-estate holdings don’t explode. With U.S. Federal Reserve Chairman Alan Greenspan finally weighing in with the observation on May 20 that he’s seeing “an unsustainable underlying pattern” and “froth” in U.S. housing [...]
Inland Empire Real Estate – Mike and Irma Nunez The Nunez team offers the Inland Empire community and San Bernardino County the resources and production of a professional real estate office with the infrastructure to provide personal care and attention to each client. Mike and Irma Nunez founded the Nunez team 18 years ago, with [...]
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