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Crowdsourcing insights into a slumping housing market in Boston

December 11 will mark the 9th anniversary of joining http://BostonBubble.com, a forum for homebuyers to crowdsource insights during the real estate recession.  Over that period, Real Estate Cafe contributed over 100 posts, and two offer context for the current housing market.  Obviously, they were

Posted in "We" companies, #REonTap, Bubble Hour, Bubble map, Housing bubble, Market trends, Price reductions, Savings & Rebates, Seasonality, Sweetest Deals

Out Bid or Out Dated: Industry & media hype missing Bidding Wars trends?

  .@BethTeitell @BostonGlobe 1Q2015 data misses seasonality, see @CurbedBoston Fall predictions http://t.co/Gl8C0Y7MSj pic.twitter.com/eaanXqiaRs — Bill Wendel (@RealEstateCafe) September 19, 2015 This started as a comment on BostonBubble, a decade old forum that’s enabled homebuyers in Boston to share headlines and

Posted in Bidding wars, Bubble Hour, Consumer protection, Crowdsourcing, Defensive Homebuying, Housing bubble, Investigative Reporting, Market trends, Seasonality, Timing the market

Is growing inventory a bright spot or was housing recovery a giant blind spot?

  To see how far winning bids are above or below original asking prices, run your cursor over individual sales in this scatterplot.  Each data point shows ($K over or under, as well as %).  Too zoom-in, drag a box

Posted in Bidding wars, Buyer agent, Consumer protection, Defensive Homebuying, Housing bubble, iCovery, Market trends, Price reductions, Price trends, Real Estate Bubble

Will runaway bidding wars create real estate refugees in Cambridge? What would MLK do?

  It’s MLKing weekend, and that always challenges me to think about economic and social justice.  As a consumer advocate / buyer agent, our analysis of recent bidding wars in Cambridge leads me to ask whether the city might become a

Posted in Bidding wars, Consumer protection, Defensive Homebuying, Dual Agency Detective, Intention Inventory, Market trends, Pocket Listings, Real Estate Consumer Bill of Rights, RECALL: Real Estate Consumer Alliance, reVRM, VRM

Buy before rates rise or wait, hoping prices fall? Thank you for arguing

A recent post in the WSJ says there are good reasons to argue there will be a BEAR housing market or a BULL market in 2014.  So it’s no surprise there’s heated debate on Boston.com about what’s hot and what’s

Posted in Bubble Hour, Buyer agent, Defensive Homebuying, Housing bubble, Housing forecasts, Market trends, Price trends, Real Estate Bubble, Seasonality, Timing the market

Pending sale vortex caused by Polar Vortex or other factors?

At the beginning of the fourth quarter last night, New England Patriots fans were biting their nails. Their team clung to a 29-22 lead as the Indianapolis Colts threatened a comeback. Like Patriot Nation, home sellers across MA entered the

Posted in Bidding wars, Bubble Hour, Defensive Homebuying, Housing bubble, Housing forecasts, Market trends, Price trends, Savings & Rebates, Seasonality, Timing the market

REpiphany: Keep Calm & insist on a REAL buyer agent in 2014

This morning, Boston.com’s real estate blog is asking whether 2014 will bring the “Return of the crazy buyer?”  It’s a complex discussion, but beyond behavioral economics and predictable irrationality are legal responsibilities to protect individuals and calm the housing market

Posted in Bidding wars, Buyer agent, Consumer protection, Defensive Homebuying, Dual Agency Detective, Dump Dual Agency, Housing forecasts, Market trends, Real Estate Consumer Bill of Rights, RECALL: Real Estate Consumer Alliance

New Year’s resolution: Fact check reports of real estate “frenzy”

Hmmm… if MLS listings are expiring or being canceled at roughly the same pace as they are selling, is there really a problem with low inventory in Massachusetts?  Or is it a problem with unrealistic prices, unreal price appreciation during

Posted in Bubble Hour, Defensive Homebuying, Expired listings, Housing bubble, Market trends, Price trends, Real Estate Bubble, Seasonality, Timing the market, Trend analysis

10 trends pointing to Group Housing, Intentional Communities too?

“It’s definitely a case of going back to the future,” one of the advocates Co-Living told NPR, but there’s a lot more than technology that brought them together. Here’s a top of the head list of 10 MEGA-trends pointing to

Posted in "We" companies, Co-Living, Creative class, Crowdfunding, Group housing, Homebuyer Clubs, Idea Bar, Intentional Communities, Market trends, Spiritual Home

Double bind: Will soaring rent burdens shrink baby boomer nest eggs / inheritance?

Referencing the pain some homeowners suffered after the housing bubble, Boston.com’s real estate blog asked Do renters have it tougher?  Baby boomers, before you begin family conversations over the Holidays about downsizing or transitioning aging parents, do the math: “More than half

Posted in Defensive Homebuying, FSBO: For Sale By Owner, Housing bubble, Housing forecasts, IntentCasting, Market trends, Real Estate Bubble, RECALL: Real Estate Consumer Alliance, Trend analysis
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