Last November, the state of Massachusetts legalized the recreational use of marijuana for adults who are 21 and older. Despite this, Federal law still classifies cannabis as an illegal drug.
Rental home service Airbnb allows people to visit cities for short-term stays while living like locals and the company is now investigating the possibility of offering long-term rentals. Airbnb hired consultancy McKinsey and Co in March to determine the feasibility of joining this market.
Short-term and long-term apartment rentals have already popped up in New York City and Arlington, Virginia by WeLive, a partnership between Vornado Realty Trust and office development company WeWork.
Real estate developers and architects are now designing properties for a growing workforce of entrepreneurs and consultants who have made working from home a popular option.
According to the U.S. Bureau of Labor Statistics (BLS), in 2016, 15 million workers or 10% of the workforce were self-employed. The number of American workers with flexible schedules who don’t need to work in a traditional office is expected to continue growing.
Realtors, appraisers and prospective home buyers all rely on the MLS to learn about home prices and features. However, energy efficiency details about homes are not a standard part of the MLS.
In order to obtain the most accurate pricing on a home with energy efficient systems, the onus is on real estate professionals to include them in the home listing.
Before you move into a new neighborhood, you’ll obviously want to know what it’s like to live there. The common way people used to answer this question was to visit that neighborhood at different times of the day and week.
The lack of homes for sale in Boston and throughout the state of Massachusetts is creating an extremely competitive market that’s leaving out first-time buyers. In fact, the Massachusetts Association of Realtors reports that new homeowners in the Bay State comprise the smallest market share since 2003.
The percentage of first-time buyers in Massachusetts dipped from 41 percent in 2015 to just 35 percent in 2016.
They’re moving up in the working world and starting families. They’re also the most likely demographic to use a real estate agent when purchasing a home.
Millennials are expected to make up 33 percent of homebuyers in 2017 and they’re making Boston one of the most popular places in the country to settle down.
Across the country and in major cities like Boston, apartment rentals are picking up steam due to a low supply of homes for sale and affordability issues.
According to the U.S. Census Bureau, 52 out of the nation’s 100 biggest cities had more renters than homeowners in 2015. Since 2009, 21 of those 52 cities have been home to a majority of renters versus home owners.