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Restoring a historic house is no small task. However, it’s definitely a worthwhile endeavor. Untouched fixer-uppers usually include period detail unscathed by previous renovations. However, special care must be taken when dealing with old structures and keep in mind that old houses are full of surprises and costs can start adding up. So here are a few tips and tricks on what to expect and what to look for when restoring a historic house.

Despite a rapid increase in home prices, mortgage rates have dropped to their lowest point in three years. As of Tuesday, the average rate for a 30-year conforming mortgage nationally was 3.6 percent, down 2 points from last week. This drop means a 6 percent increase in buying power. There are disadvantages to lower mortgage rates however. Credit availability declines marginally as the rates decline. With a small margin, lenders become more risk averse so indicators of credit tightness like the average FICO scores have gone up as rates have gone down.

The Greater Boston Association of Realtors has released the local market updates for the first quarter of 2016 and aside from some high condominium pricing; the real estate market in Wellesley is not looking too bad! The supply of homes for sale in April was higher than March, indicating that people are now putting their … Continue reading Wellesley Market Update : First Quarter of 2016

The Greater Boston Association of Realtors has released the local market updates for March 2016 and the real estate market in Brookline is looking healthy! The supply of homes for sale in March was way up over February, indicating that more sellers are deciding to list their homes. And, while prices were also up over last year, the increases are seemingly harmless to sales.

The Greater Boston Association of Realtors has released the Needham market updates for March 2016 and judging from the increase in single-home listings and decrease in pricing, it is clear we have a buyer's market. The supply of homes for sale in March was significantly higher than February, indicating that more sellers are deciding to … Continue reading Needham Market Update : First Quarter of 2016

The Greater Boston Association of Realtors has released the local market updates for March 2016 and seeing how single-home and condominium sales increased despite an increase in pricing, it is safe to say it's a seller's market. The supply of homes for sale in March was significantly higher than February, indicating that more sellers are … Continue reading Boston Market Update: First Quarter of 2016

The Greater Boston Association of Realtors has released the local market updates for March 2016 and judging from the high number of inventory available in the Newton area, it’s a buyer’s market. The supply of homes for sale in March was up over February, indicating that more sellers are deciding to list their homes. However, … Continue reading Newton Market Update: First Quarter of 2016

Condo prices all across Boston are skyrocketing as the spring market kicks off. Urban areas, from upscale to affordable, are leading the charge. Somerville, Jamaica Plain and increasingly upscale Charlestown saw some of the biggest increases as did Brighton, Medford and West Roxbury. And it’s not just rent prices that are on the rise. Sales are up by double digits in the same areas as well. The median condo price in Massachusetts went up 10% in March, clocking in at $320,000 which is more than the median price of a single-family home ($315,000).

The stunning properties in Beacon Hill have always been the centre of attraction for the housing the housing market in Boston. Recently, a 136 year old townhouse located at 9 Lime St. in Beacon Hill has become available for sale at an asking price of $5,499,000.