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Compass to buy Anywhere Real Estate in a $4.2B valued deal

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Sept 22 (Reuters) – Compass (COMP.N), opens new tab, the largest U.S. residential real estate broker, is set to buy Anywhere Real Estate (HOUS.N), opens new tab in a deal valued at $4.2 billion, as it looks to strengthen its portfolio amid rising competition in the stagnating housing market.
Elevated mortgage rates and resulting consumer affordability challenges in the U.S. have pressured profitability for homebuilders and real estate firms in recent quarters.

 

Read the full Reuters article here

https://www.reuters.com/legal/transactional/brokerage-firm-compass-acquire-anywhere-real-estate-around-15-billion-2025-09-22/

Massachusetts: May 2024 Market Update

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May 2024 Market Update 

Home Sales on the Rise

Great news for Massachusetts homebuyers! The housing market continues to heat up, with both single-family home and condo sales increasing for the second month in a row. Here’s a quick rundown of what the latest report from The Warren Group tells us:

Strong Sales and Soaring Prices

  • Single-family home sales jumped 7.5% year-over-year in May, reaching a median price of a whopping $636,000 – a new all-time high!
MA Single-Family Homes May 2023 May 2024 % Change 2023-2024
Single-Family Home Sales 3,616 3,887 7.5%
YTD Single-Family Sales 13,721 14,005 2.1%
Median Single-Family Home Price  

$589,450

  

$636,000

  

7.9%
YTD Median Single-Family Home Price  

$540,000

  

$590,000

  

9.3%
  • Condo sales also saw an increase of 4.3%, with the median condo price reaching $550,000, another record for the month of May.
MA Condominiums May 2023 May 2024 % Change 2023-2024
Condominium Sales 1,843 1,922 4.3%
YTD Condominium Sales 7,051 7,016 -0.5%
Median Condominium Price $526,000 $550,000 4.6%
YTD Median Condominium

Price

 $500,000 $530,000 6.0%

Demand Outpaces Inventory

The report highlights a key factor behind the rising prices: high demand combined with limited inventory. Even though sales are up, there simply aren’t enough homes available to meet buyer needs. This is causing prices to climb despite the usual trend of increased sales leading to price stabilization.

Greater Boston Market Trends

The Greater Boston area continues to be a hot market, mirroring the statewide trends. Both single-family home and condo sales saw increases, with median prices hitting new highs as well.

Looking Ahead

The Massachusetts housing market shows no signs of slowing down. With pent-up demand from buyers and limited inventory, expect prices to remain high for the foreseeable future.

 

Feel free to give us a shout to discuss your real estate plans or questions. We look forward to hearing from you. (508) 258-9589 or Contact Us

Posted with data from The Warren Group

Home Buyer Blues in Massachusetts: Sales Plummet to 12 year low While Prices Hit Record Highs

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2023 brought a double whammy to the Massachusetts housing market: a 22.4% plunge in single-family home sales and a record-breaking surge in median sale prices.

Some Key Data Points:

  • Single-family home sales: Lowest since 2011, down 22.4% from 2022.
  • Median single-family home price: Up 3.6% from 2022 to $570,000.
  • Condo sales: Lowest since 2012, down 18.7% from 2022.
  • Median condo price: Up 4.4% from 2022 to $510,000.
  • “Limited inventory and high interest rates are the driving force behind this trend,” said Cassidy Norton, of The Warren Group.
  • “As demand outpaces supply, home prices continue to climb, making it increasingly difficult for many to enter the housing market.”
  • “The condo market followed similar trends, with buyers willing to pay a premium for convenience and lifestyle.”

Greater Boston:

  • Single-family home sales down 23.8%, year-end median price up 2.9%.
  • Condo sales down 18.2%, year-end median price up 3.3%.

What’s Next?:

  • Market watchers are unsure if the trend will continue in 2024.
  • Affordability remains a major concern for potential buyers.

Call to Action:

  • Contact Robb Enterprises today for more information on the market and our creative ways of finding you a property to move into or invest in.

 

 

 

information and statistics partially provided by The Warren Group

November: Massachusetts Homes Remain Under Pressure: Sales Plummet While Prices Hit Records

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Massachusetts Homes Remain Under Pressure: Sales Plummet While Prices Hit Records

November Review: Massachusetts residential real estate saw dramatic shifts in November, with plummeting sales but record-high prices for both single-family homes and condos. The Warren Group, a leading data provider, reports that the market continues to be squeezed by limited inventory and elevated interest rates.

Single-Family Homes:

  • Sales dive: November saw a 10.6% year-over-year decline in single-family home sales, with only 3,447 transactions compared to 3,854 in 2022. This marks the lowest November sales figure since 2011.
  • Record-breaking prices: Despite the sales drop, the median single-family home price soared 8.4% to $579,900, a new high for the month. Year-to-date, prices have risen 4.0% to $572,000.
  • Limited inventory: Cassidy Norton, Associate Publisher at The Warren Group, attributes the price hike to “pent-up demand due to limited inventory.”

Condominiums:

  • Similar trends: Condos mirrored the single-family market, with sales falling 10.3% from 1,658 in November 2022 to 1,487 in 2023.
  • Price plateauing?: However, condo prices showed a glimmer of hope for buyers, remaining steady at $500,000 for the past three months. Year-to-date, the median price rose 4.7% to $512,900.

Greater Boston:

  • Sales slump: The Greater Boston market echoed the statewide trend, with single-family sales down 10.1% and condo sales down 10.7% year-over-year.
  • Price increases: Single-family prices in the region climbed 6.9% to $700,000, while condo prices remained flat at $550,000.

Future outlook:

  • Norton anticipates continued tightness in the market due to interest rates but predicts some relief in 2024 if the Federal Reserve lowers rates as planned.

 

Thinking of buying, selling, renting, or need landlord representation? Contact Us Today


Massachusetts Housing Market Sees Record-High Prices Despite Decreasing Sales

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Massachusetts Housing Market Sees Record-High Prices Despite Decreasing Sales

The latest report from The Warren Group reveals that both single-family homes and condominiums in Massachusetts reached new all-time highs in median sale price for the month of October. However, the number of sales for both types of properties declined significantly compared to the previous year.

Single-Family Homes:

  • Sales: 3,515 (16.9% decrease from October 2022)
  • Year-to-date sales: 34,182 (23.9% decrease from 2022)
  • Median price: $570,000 (10.6% increase from October 2022)
  • Year-to-date median price: $570,000 (3.6% increase from 2022)

Condominiums:

  • Sales: 1,562 (9.4% decrease from October 2022)
  • Year-to-date sales: 16,362 (19.7% decrease from 2022)
  • Median price: $500,000 (4.4% increase from October 2022)
  • Year-to-date median price: $515,500 (4.9% increase from 2022)

Key Takeaways:

  • While prices continue to climb, the number of homes sold has reached its lowest point for October since 2011.
  • Limited inventory and rising interest rates are making it more difficult for buyers to purchase homes in Massachusetts.
  • Condos offer a different kind of homeownership experience but are approaching a similar price point as single-family homes.

Greater Boston Market:

  • The Greater Boston area saw similar trends with decreasing sales and increasing prices.
  • Single-family home sales declined by 16.7% year-over-year, with a median price increase of 10% from $649,900 to $714,950.
  • Condo sales decreased by 9.3% year-over-year, with a median price increase of 3.6%.

 

This analysis was completed using available data from The Warren Group.

SPACE WANTED: 3,800sf Client Service and Administrative Space

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Office space wanted in Natick or Framingham. Contact us for the full RFP package including space criteria and details.

Target Occupancy Date: August 2024

Do you have vacant space in your commercial office building in the Natick or Framingham, MA area? We are currently looking to find suitable office space for the Massachusetts Rehabilitation Commission (MRC) for a period of no less than 10 years. The basics requirements are below. Please contact us today for more information and a review of your potential space. We will be happy to provide you with the request for proposal paperwork.

Program Description: The premises sought through this RFP will house a local client
service office of the Massachusetts Rehabilitation Commission (MRC). MRC provides
comprehensive services to maximize the quality of life and economic self-sufficiency for
people with disabilities including, for example, vocational rehabilitation, independent living
rehabilitation, and disability determination services for social security benefits.
This office is expected to receive approximately 20 visitors per week.

 

Summary of Space Needs:

Location: Framingham or Natick with close and convenient access to public transportation,
major secondary streets, and thruways. To better serve client needs, preference is
given to properties located in a central business district and/or proximate to
community resources such as contracted providers, hospitals, courthouses, etc.
Please note that proposals for Premises outside this search area will not be
considered.

 

Amount of Space: Approximately 3,800 square feet of Usable Area. For the purposes of this
RFP, “Usable Area” means, with respect to the Premises or any space removed from or added
to the Premises, the square footage determined by measuring the entire floor area of the
Premises (or such other space) bounded by a line established by the predominant inside finish
of the permanent outside Building walls that abuts the floor (not from the inside face of the
windows) and by the interior surface of corridor walls or other demising walls. Deductions are
not made for columns or other structural elements, or for partitions subdividing the Premises.
Notwithstanding the foregoing, under no circumstances does the Usable Area include major
vertical penetrations such as ventilation shafts, elevator shafts, stairwells, atria, or lightwells,
and their respective enclosing walls, and it does not include vestibules, elevator-machine
rooms, and other building-equipment areas, janitorial, electrical, and mechanical closets,
loading platforms, restrooms, and their respective enclosing walls, irrespective of whether
Tenant occupies a portion of a floor, an entire floor, or an entire Building.

Type of Space: Client Service and Administrative Office
Type of Agreement: Commonwealth Office Lease
Term: 10 Years
Target Occupancy Date: August 2024
Parking: The UA has a requirement for 10 parking spaces, some of which may be utilized
24/7/365. Please provide the number of parking spaces provided in this proposal at no cost. If
spaces are available at an additional cost, please provide all relevant details.

 

The Massachusetts Division of Capital Asset Management and Maintenance (DCAMM) has issued a Request for Proposals (RFP) seeking office space to lease as summarized below:

Location: Framingham or Natick
Type of Space: Client Service and Administrative Office
Amount of Space: Approximately 3,800 square feet of Usable Area
Term: 10 Years
For Use By: Massachusetts Rehabilitation Commission (MRC)
Project Number: 202304800
Submission Deadline: September 14, 2023 at 2:00 PM