Archive for the 'General News' category

It’s that time of year again, everyone scrambling to find their new place for September 1^st. I’ve had a ton of clients ask me, if they are looking too early. I think June is the best time to secure your rental for September 1^st. Most landlords ask their tenants to inform them the beginning of June, as to whether or not they plan on renewing their leases. With that being said, what is on the market this month, will be the majority of what is available to you come September.  We have plenty of September Rentals, please feel free to contact my office or me personally, we would love to assist you in any way we can!! 

Can foreclosure rates be a sign of a positive economic change? Some economists think so. According to RealtyTrac foreclosures are up 7% last month alone, but some believe this number is skewed. The thought process behind this theory is that banks have been slow to take possession of homes due to a weak market and with sales and values on the rise, especially here in the Boston market, banks see the present as an opportune time to act.

By no means does this account for the total increase, even in the best of economies banks foreclose on properties and with interest rates still low but on the rise, ARM’s are readjusting and in turn increasing the monthly mortgage bill.

With prices in the city on a steady incline over the past year could we be facing a bubble that is about to burst? This is unlikely according to Trulia’s chief economist Jed Kolko. Kolko’s opinion is that home prices in Boston are still undervalued. Although the market is short on inventory new homes being placed on the market has increased over the past month. This, coupled with the outlook of interest rates rising the increase of home prices over the next year looks to slow, says Kolko.

In his words:  

“Will prices keep rising enough to push us back into bubble territory soon? Probably not: in the next year or two we're likely to see more inventory, higher mortgage rates, and declining investor interest - which all would slow down today's price rebound. But is another bubble likely someday, somewhere? Absolutely: consumers seem to be over-optimistic about home prices by nature. The history of American real estate is full of speculation, bubbles, and busts.”

If you're looking to enjoy more than just an Irish-themed sports in South Boston, we offer several scenic locations to take a walk, jog, play, or simply relax and enjoy Boston's nature, which is plentiful for a major city. M Street Beach, just one section of South Boston's three mile beach area, is popular among Southie's growing population of young professionals and families. The two-mile walkway that stretches along the shoreline by Castle Island is a great place to exercise.  The view of Boston's City skyline can be seen throughout most of South Boston, particularly in its several parks, such as Thomas Park and the M Street Park where historical memorials have been dedicated.

Although Southie is increasing in gentrification and status, its working-class roots and cultural heritage are still strongly embedded in the community. Southie is not the traditional tourist stop for Boston visitors, yet its atmosphere and offerings make it a distinct neighborhood which has long shaped Boston's heritage.

Converse, a Massachusetts based company, announced the release of a limited edition Chuck Taylor to honor the city. The company will donate a portion of the proceeds to The One Fund. The shoe will be sold exclusively at the Newbury St retail outlet and cost $85.

This comes after the January announcement by the company that they will be moving their headquarters from North Andover to Boston’s North End. The new development is located on Lovejoy Wharf and Converse expects the move to take place in the spring of 2015.

Location, location, location!!! Enjoy 3 Levels of Living in this beautiful Single Family across the street from the beach!! Large back deck and yard w/ water views. This property is being sold as-is and does need work. If your not afraid of a little renovation and would like to make yourself a million dollar home, please stop by the Open House Wednesday, May 22nd, from 5:30-7PM!! The property is located on 215 I Street in South Boston. To schedule a private showing, please do not hesitate to contact me. I can be reached via email michelle@capresidential.com or on my cell at 617-596-1948.

As a longtime resident with great insight to the history and culture of South Boston and its surrounding neighborhoods I offer knowledge of transportation information, attractions and amenities within the community. I understand that each individual must work within the confines of price, location, amenities and other liming factors and the importance of helping to create the ideal match of home and homeowner. Whether you are looking to buy, sell, lease or looking for a professional agent to show your property and run a background check (credit, employment and letters of recommendations from previous landlords).

I also offer a unique insight into the investment property niche with an educational background in marketing and finance having worked side by side with some of the most accomplished investors in this market.

While being associated with a firm, Capital Residential, that is constantly establishing ourselves as leaders in our market that pride ourselves in the use of technology cutting edge industry standards we work to give clients the latest and most recent market conditions.

Please reach out to me at 617.634.9339 or chris@capresidential.com. Consultations are always at no cost to you!

While perusing Boston.com today I came across some amazing pictures in the "Your Town" section that I just had to share. They are aerial shots of South Boston taken way back in the 1920s. It is awesome to see that although this part of the city has undeniably transformed over the years, the proximity to downtown and presence of the ocean still remains. Check it out for yourself here!

ally@capresidential.com

Optimism comes from the Latin word optimus, meaning "best," which describes how an optimistic person is always looking for the best in any situation and expecting good things to happen. Optimism is the tendency to believe, expect or hope that things will turn out well. Even if something bad happens, like being down 4-1 in the 3^rd period of a hockey game, an optimist sees the silver lining. The Boston Bruins and their fans showed their Optimism last night for sure.  The Bruins are the first team in the league's 96-year history to win a Game Seven after trailing by three goals in the third period. 

With that being said, I guess being Optimistic pays off, certainly does for us. Boston is the Strongest!! Here’s to winning the cup!! Thank you guys for a game I will never forget!! #Believe #Optimism
#BostonStrong 

The Boston Redevelopment Authority defines the Fort Point District within the neighborhood of South Boston as "an area of approximately 100 acres defined by the Fort Point Channel to the west, Summer Street to the north, the Bypass Road to the east, and West 2nd Street to the south” The area’s name is derived from the fort that guarded the city during colonial times.

Fort Point is a section of South Boston’s Waterfront district that, like the rest of the Waterfront, is a state of rapid growth. Attractions such as the Children’s Museum and the newly opened Boston Tea Party Museum draw visitors and locals. The area houses great dining and drinking spots such as Flour, Menton, Lucky’s, Blue Dragon and Drink. A new specialty market The Bee’s Knee’s offers farm to table goods, house made chocolate and a wine and beer selection desperately needed for the loft residences of the neighborhood. The Lofts at Atlantic Wharf are high end residential rentals that overlook the channel and the financial district.