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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

Can everything — including buyer agency — be ‘Uberfied?’

Last October, a pundit in Huffington Post asked, “Where is on-demand headed next?”  His answer: We’re now entering what I like to call “phase II” of the on-demand economy… …up the ladder to higher-end professions. It won’t just be drivers and dry

Posted in Buyer agent, Commission Reform, Discount real estate, Fee-for-service, Inventory, Price reductions, RE2020, Real estate rebates, Savings & Rebates, Seasonality

Bidding War Scorecard: Is Designated Agency having a bipolar impact in Cambridge?

Has the housing market reached a tipping point, even in grossly overheated Cambridge, MA? Too early to answer that question, but our Bidding War Scorecard keeps revealing interesting data points about conflicts of interest in real estate. For example, during August

Posted in Bidding wars, Buyer agent, Consumer protection, Defensive Homebuying, Designated Agency, Dual Agency Detective, Price reductions, Real Estate Bubble, 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

Market snapshot confirms seasonal price reductions even in desirable towns

Yesterday, Boston.com rightly blogged, Holiday season a gift for frustrated buyers.  Since there were so few comments and fewer facts, here’s a snapshot of what happened with single-family (SF) homes during the past month from a sample of six highly desirable towns

Posted in Expired listings, Housing bubble, Market trends, Pending sales, Price reductions, Price trends, Real estate deals, Savings & Rebates, Seasonality, Timing the market

Right-sizing your American Dream: An extra bedroom or 1/3rd off the price?

On Saturday, one of the Real Estate Cafe’s new clients, a five-person household (husband, wife and three kids under 11) seriously considered making an offer on a two-bedroom condo in Cambridge. When I shared this experience with my adult daughter

Posted in Buyer agent, Defensive Homebuying, Luxury buyer agent, Luxury homes, Price reductions, Proactive househunting, Savings & Rebates

Seasonality: Insider’s guide to cool deals in HOT neighborhoods

From comments thus far, looks like Boston.com readers have missed the significance of seasonality in a blog post today about buying in HOT neighborhoods. The featured buyer timed the housing market a year before the last boom / bust cycle

Posted in DIY Homebuyers, Expired listings, Fee-for-service, FSBO: For Sale By Owner, Luxury homes, Million Dollar Markdowns, Price reductions, Savings & Rebates, Seasonality, Timing the market

What’s really happening with luxury single-family homes across Massachusetts?

When it comes to real estate stats (or should I say spin?), Lily Tomlin was right: “No matter how cynical you become, it’s never enough to keep up.”  Blog posts and press releases last week from Redfin, Mass. Association of

Posted in Bidding wars, Bubble Hour, Buyer agent, Defensive Homebuying, Dual Agency Detective, Luxury buyer agent, Luxury homes, Million Dollar Markdowns, Price reductions, Sweetest Deals

Luxury homes: Do dueling governor mansions point to “Mansion Cliff”?

Same state, opposing parties. Two “governor mansions” for sale, one former governor, one current. One expired after 416 days, the other canceled after 268 days. Now, like running for reelection, both are relisted and SURPRISINGLY, both are asking less than their

Posted in Buyer agent, Luxury buyer agent, Luxury homes, Mansion Cliff, Million Dollar Markdowns, Price reductions, Seasonality, Timing the market

Following #My2K? Why not turn Mansion Cliff into #My$200K (or more)!

Black Friday and CyberMonday have come and gone, but a blog post before Thanksgiving asking why there isn’t a real estate equivalent got us thinking and analyzing data. Then when President Obama launched the #My2k campaign to raise awareness about

Posted in Change Agents, commission rebate, Commission Reform, Fee-for-service, In the News, Luxury homes, M$M, Market trends, Million Dollar Markdowns, Price reductions, Savings & Rebates, Seasonality, Sweetest Deals, Timing the market
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