Although Gen X is the smallest generation population-wise, they are beginning to make a large impact in the housing market.  Recent data from the National Association of Realtors showed that the average homebuyer in 2024 was 38 years old, which is an all-time high.  this data suggests that luxury homebuyers are increasingly likely to be older, and more established professionals in high-growth industries.  

Emerging as "the new face of wealth" is affluent women, with rising numbers of married women leading financial decision-making, including real estate investments.  These two groups are the two biggest power players in the real estate market, "the quiet elite."  Women are starting businesses at a faster rate than the market average, and Millennial…

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Inventory levels for both single-family and attached homes increased in 2024, with single-family homes growing by 14.4% and condos and townhouses by 16.3%.  The pace of increase has been gradual, but steady.  Several factors have contributed, the largest one being the "locked-in effect" of potential sellers being reluctant to move because they are still benefitting from the historically low mortgage rates they were able to secure.   If interest rates continue to decline, inventory levels are likely to rise even more as the "locked-in effect" will begin to fade.   The trends are already indicating buyers and sellers are gaining confidence in the market.

Builders are also increasingly optimistic, and industry experts expect that pent-up demand is…

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Over half of buyers surveyed are optimistic about the housing market, with 54.5% saying it is "Good."  In 2024, 45% of affluent buyers paid cash for their homes, which is the largest share in over a decade.  This somewhat insulates the luxury market from fluctuations and keeps prices elevated.  Coldwell Banker anticipates that the 2025 market will be defined by home affordability.  Certainly for aspirational luxury buyers who want to enter the market in 2025, but even for buyers who don't have cost as a barrier to entry, there is a strong interest in the value of homes in the lifestyle and long-term returns they provide.  Many industry experts, including Coldwell Banker, predict the large demand will alleviate upward pressure on prices.  If mortgage…

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In spite of a tumultuous economy, demand for luxury properties locally and nationwide remains strong.  The 2025 Coldwell Banker Trends Report notes a "quiet resilience" in the luxury market, with properties sustaining their value.  The Report has found that Gen X is beginning to have a larger influence on the luxury market, particularly Gen X women.  Locations that combine affordability with luxury amenities continue to be the most desirable places to live across the board.

Slightly increased inventory in 2024 helped to shift the market as more equal for buyers and sellers both.  New inventory is a very welcome sight for the luxury market, but much more is still needed.  With a more balanced market, Coldwell Banker is optimistic about where the…

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The Global Luxury 2024 Mid-Year Report has found, after speaking with hundreds of luxury agents and consumers across the country, that optimism in the market as we move into Q4 and beyond is high.  Across the nation, the optimism is highest in the Northeast with 91.42% of people surveyed expressed this sentiment.  68.6% of agents are predicting prices will remain stable, and 60% are predicting slight increases in inventory - which is on track with how the market has been trending in the first half of 2024.  

Another reason to be optimistic about the market is the rate at which home buyers are paying cash: 32%, which is the highest rate since 2014, according to the National Association of Realtors (NAR).  There has also been a noticeable shift in…

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According to the Global Luxury 2024 Mid-Year Report, Boston was in the top 25 of cities across the nation with the growth percentage in the top 10% of homes sold increasing by 44% from 2020 to 2024.  Among the top 5% of homes, only Miami and Los Angeles had higher growth rates than Boston, which increased by 43.3% during that time.  There is a lot of consumer confidence and optimism among the top agents in the Northeast about the luxury market, particularly in the resilience of high net worth individuals to external economic pressures.  As consumers have adjusted to the new landscape of higher rates and prices, the luxury market in Boston has continued to flourish.

For a copy of the report, give me a call or text at (617) 875-8331 or email me at:…

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Coldwell Banker's Global Luxury Division has released the 2024 Mid-Year Report: Market in Review.  According to the data and research compiled over the last 18 months, the luxury market remains strong with prices and inventory up slightly, but definitively from 2023 to 2024.

With single family homes, the price has been up consistently every month in 2024 compared to the same month in 2023, with inventory increasing as well.  The average days on market is slightly higher at 29 days in 2024 compared to 26 days in 2023.  The trends indicate the single family homes market shifting from a balanced market to more of a seller's market.

The luxury condo market is indicating similar trends, with the price, $/sq ft and inventory levels up from 2023…

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Having a hard time finding a first home that's right for you and your wallet? Well, here's a tip – think about condominiums, or condos for short.

They're usually smaller than single-family homes, but that's exactly why they can be easier on your budget. According to the latest data from the National Association of Realtors (NAR), condos are typically less expensive than single-family homes (see graph below):

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So, if you're comfortable with a smaller space and want to buy your first home this year, adding condos to your search might be easier on your wallet.

Besides giving you more options for your home search and maybe fitting your budget better, living in a condo has a bunch of other perks, too. According to Rocket Mortgage:

“From…

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Plans have been submitted to redevelop an empty office building at 110 Canal Street in Bulfinch Crossing into an 82-room hotel.  The plans also include a restaurant on the first floor.  Rhino Capital Advisors acquired the building earlier this year, and seek to spur the revitalization of the Canal Street corridor with this project.  Click here to read more.

Bulfinch Crossing is arguably the most up-and-coming neighborhood in Boston.  Click here to learn more about this neighborhood's rich history and how it is trending in the years to come.


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If you’re thinking about buying a home, chances are you’ve got mortgage rates on your mind. You’ve heard about how they impact how much you can afford in your monthly mortgage payment, and you want to make sure you’re factoring that in as you plan your move.

The problem is, with all the headlines in the news about rates lately, it can be a bit overwhelming to sort through. Here’s a quick rundown of what you really need to know.

The Latest on Mortgage Rates

Rates have been volatile – that means they’re bouncing around a bit. And, you may be wondering, why? The answer is complicated because rates are affected by so many factors.

Things like what’s happening in the broader economy and the job market, the current inflation rate, decisions made…

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