The dawn of a new year brings with it the new chairperson of the Federal Reserve, Jerome Powell. In one of Janet Yellen’s final acts before leaving office in early February, she presided over the Fed’s decision not to raise mortgage interest rates during the first quarter of the year.
Powell is expected to continue the Federal Reserve’s conservative policy of raising rates gradually if the economy remains strong. Should inflation increase, we can expect the Fed to act more aggressively and raise rates faster. During the current economic boom, inflation has been low but may increase as the economy grows.
Other factors besides the Federal Reserve’s [...]
Backyard decks have replaced patios and front porches as the social centers of suburbia in the summer. Decks are elevated to catch summer breezes and to facilitate conversations with neighbors on their decks. Large enough for a table and grill, most decks are more versatile than front porches and provide privacy from street traffic.
So how much is a deck worth? If you are house-hunting, how much does a deck add to the value of a home you are considering? If you are thinking about adding a deck, will it pay for itself when you sell, adding more value than the cost of construction? Remodeling magazine’s annual Cost vs. Value Report looks at a range of projects by cost, [...]
Conversations about schools and their effect on a home’s value are often of the “chicken or the egg” variety. Homes in the best school districts, on average, sell for higher prices than similar homes in less-popular school districts. A simple analysis might say that good schools are wholly responsible for this added value.
At the same time, on average, more affluent homeowners live in more sought-after school districts. Statistics often show that for large sample sizes, the more affluence there is in a community, the higher test scores will be in that same community. Test scores are just one measure of “good schools,” but they’re a highly [...]
It’s Marathon Monday, and the 121st Boston Marathon is in full swing. The race runs from Hopkinton to Boston, through the towns of Ashland, Framingham, Natick, Wellesley, Newton, and Brookline. The race is the oldest annual 26.2-mile race in the world, and the city around it is steeped in history. Needless to say, for the runners among us, this race is iconic. But, what about the Boston area itself? For competitive runners, being able to train along the marathon route consistently could give them a serious edge, so living in the vicinity could have huge benefits. Boston is the biggest city in Massachusetts, but the 4th most expensive in terms of real estate, behind Brookline, [...]
With Google engineers living in trucks, tech workers co-habitating in living room pods and other horrific stories driven by real estate shortages and exploding costs of housing in the Bay Area, one unlikely entrepreneur thinks he has the answer.
Rip Fasool: Entrepreneur and Founder of RealPequeno.com – “Homes for tiny people everywhere.”
“I recognized there was a major disconnect between home values and wages in the San Francisco area,” said Rip Fasool, Founder and CEO of RealPequeno.com, “so I [...]