Overall the Wellesley Hills, Weston, and Cambridge markets are the hottest markets for sellers right now. Boston proper has maintained a slight seller's advantage as well. Those looking for homes in the 02108, 02114, and 02116 zip codes in Boston still have a slight advantage. Here are all the stats for single-family homes by zip code for the week ending Friday, April 2, 2021.
A year ago today, the WHO declared Sars-CoV-2 a global pandemic.
The same study found that social media was considered the best tool for generating “high quality leads” by realtors, surpassing even the MLS itself. This trend may only increase over time: buyers under age 28 were twice more likely to contact agents through social media than any other cohort. Such is the example of Justin Bieber receiving offers to buy his Beverly Hills home from an Instagram post. Another benefit of social media is the greater exposure worldwide to prospective buyers in other countries, such as Shanghai, Hong Kong, and Saudi Arabia.
Once the above three steps are mastered, there’s no ceiling to one’s real estate selling potential.
But the labor market is healing after stalling earlier and should steadily improve.
"As more companies transitioned to virtual work models or expanded remote hiring strategies amid the coronavirus pandemic, 2020 also brought 96 new businesses and organizations to our Employer Partner program," said Virtual Vocations CEO Laura Spawn. "We are proud to partner with these employers and help them reach qualified, experienced applicants suited for their remote job openings."
The top 10 businesses featured in Virtual Vocations' list of best Employer Partners for remote work in 2021 are as follows:
1. Achieve Test Prep
3. eXp Realty
4. Honey Bar Media, Inc.
8. PSG Global Solutions
9. Skybridge Americas
Cold pizza and climate change: Nearly a billion tons of food went to waste in 2019, according to a UN group, and individual households were responsible for more than half of that. About 17% of food available to consumers worldwide that year ended up being discarded, while food waste and loss accounted for as much as 10% of global emissions. If it were a country, that would rank third among the world's sources of greenhouse gases. So eat that leftover slice—you're saving the environment.
Through 20Q2, the value of US farmland was $2.6 trillion, and investment grade bonds (BBB rated debt and higher) were valued at $6.4 trillion. That pales compared to Treasury bonds which were worth $19.9 trillion, and US commercial real estate at $20.4 trillion. Equities were almost double that at $37.2 trillion, but top spot goes to residential real estate at $39.3 trillion, almost double 2019 US GDP of $21.4 trillion.
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If the constraints of your home are beginning to make themselves known, these virtual tours can make all the difference. With a simple click, you’ll be transported to buildings in the deserts of Arizona, on the Sydney waterfront, or along Barcelona’s historic streets—often with exclusive behind-the-scenes access that few are lucky enough to be granted. Here’s where to begin your online adventure.
Taliesin West, Arizona, U.S.A.
Last year, eight of Frank Lloyd Wright’s unmistakable buildings were officially inscribed to the UNESCO World Heritage List. The first modern architecture designation on the List in the United States, Lloyd Wright’s Taliesen West in Arizona, is justly among those eight.
Taliesin West was Lloyd Wright’s desert home and school from 1937 until his death in 1959, aged 91. The virtual tour takes visitors around the property—you decide which parts to visit, from the entrance and entry courtyard, through living spaces, out to the garden and reflection pool. You can also visit the maestro’s office and rock-hewn lecture theater. Click on your chosen thumbnail and then click within it to experience the sensation of floating through each space, or press the play button to be guided through each room.
The Sydney Opera House, Sydney, Australia
In partnership with the Google Cultural Institute, the Sydney Opera House has produced The Unseen House, an eight-minute video that takes virtual visitors through a 360-degree whistle-stop tour of all parts of the building, in rehearsal and at rest. The tour starts with the iconic exterior—said to be based on the sails of a ship—before inviting us in to see a cellist Benjamin Schwartz rehearsing. It then tours both public and private spaces, stages, and dressing rooms, accompanied by the soaring tones of soprano Nicole Car.
The Opera House’s other online exhibits include Late Night House, an exploration of how the city’s club culture has shaped the venue, and A Backstage Pass, a more in-depth look at rehearsal spaces and dressing rooms. It has also launched a new digital initiative, From our House to Yours, an evolving weekly program of full-length performances and talks, never-before-seen footage, podcasts, long-form articles, and behind-the-scenes content.
Casa Battló, Barcelona, Spain
Spain‘s Catalan capital might be shut to outsiders for the time being, but you can still explore Casa Battló, one of the buildings by the city’s most famous architect Antoni Gaudí. Known by locals as Casa dels ossos—house of bones—thanks to the skeleton-like balconies that jut from its façade, it is said that Gaudí actually looked to the colors and shapes of marine life as inspiration when he was commissioned to redesign the building in 1904.
Visitors can take a full virtual tour of Casa Battló, from street level to the rooftop terrace. Passing through the building you’re treated to glimpses of the colorful tilework and glass so beloved of the Catalan architect, and the undulating, organic designs that helped to make his name.
Diego Rivera and Frida Kahlo’s house, Mexico City, Mexico
Through a series of navigable images, you can explore the two interconnected houses that make up the Museu Casa Estudio Diego Rivera y Frida Kahlo in San Angel, Mexico City. The work of painter and architect Juan O’Gorman, the buildings sit on land that was once the tennis courts of the San Angel Inn, which was so popular in its day that the neighborhood used to be known by the same name.
One of the first functionalist buildings in Latin America, today the colorful museum offers an insight into the working lives of Mexico’s most famous artists, each of whom had a separate building. In Diego’s house, painted white and red, are works from his Riveriano-ruso era, which explored his passion for communism. Here, you’ll also find his papier mâché cartonería figures of humans and animals. A highlight of Frida’s blue house is the original bathroom complete with the tub that appears in her painting Lo Que El Agua Mi Dió (What the Water Gave Me).
Find a New Home Virtually
Virtual visits aren’t just for landmark buildings. You can enjoy 360-degree house tours of some of the finest listings from Christie’s International Real Estate and its global network of affiliates without having to leave your own home.
Sustainable Splendor in Grand Cayman, Cayman Islands
This beautifully furnished four bedroom, three-and-a-half bath home features a pool and private dock, with thoughtfully-designed outdoor spaces that seamlessly integrate the indoors and outdoors. On the market with Provenance Properties Cayman Islands, the home has been designed for sustainable living. Electricity is generated through solar panels and the villa is cooled using geothermal technology. (Click on the “3D Virtual Tour” tab within each property to start your tour.)
Idyllic Ocean Views in Parrot Cay, Turks & Caicos Islands
Located on an exclusive, privately-owned island in the Turks & Caicos, this villa is made for seamless indoor–outdoor living thanks to vast glass windows, a covered terrace, and a pool finished with a unique lava stone from Bali. On the market with Regency, it boasts five bedrooms with five-and-a-half baths, and a chef’s kitchen.
Loft-Like Luxury in the West Village, New York City
One Jackson Square, on the market with Christie’s International Real Estate Group, is one of the most beautiful apartments in New York’s West Village. This two-bedroom, three-bath corner duplex is designed for entertaining with an open loft-style layout. The main level features a professional-standard kitchen and double-sided living room fireplace, while on the upper level you’ll find the master bedroom and spa-like master bath, along with a spacious second bedroom.
Georgian Glamor in Belgravia, London
This freehold period house, on the market with Strutt & Parker, seamlessly combines original Georgian elements with contemporary features. It offers six bedrooms and five full baths, with a large master bedroom suite that occupies the entire second floor. On the lower-ground floor, you’ll find a cinema room, wine cellar and a bar with bi-folding glass doors that open onto a patio garden.
First-time mortgage applications have fallen for five straight weeks and Y-o-Y activity is now down a painful 35%. Add to that a 42-point fall in the NAHB Housing Market index for March to 30, the lowest level since 6/12 and the biggest decline in the Index’s 35-year history. With March housing starts down 22%, it’s clear the housing industry, which had been going gangbusters, is suddenly very troubled.
Solid Q1 Fundamentals Point To Quick Boston Recovery 4/7/20, 10:58 AM
Tim Carroll, Bisnow Assistant News Editor
Even amid the uncertainty of the coronavirus pandemic, data from the first quarter of the year show Boston is in a unique position to persevere.
Bolstered by a diversified economy that counts among its chief drivers countercyclical industries such as healthcare and education, the city’s commercial real estate prospects look good, Colliers Boston Managing Director of Research and Client Services Aaron Jodka said. The region’s fundamental real estate numbers prior to the economic crisis indicate that, while the drop may be precipitous, Greater Boston's rebound could be sharp
“Rents were all-time highs in Boston, all-time highs in Cambridge and performing well in the suburbs,” Jodka said. “The underlying fundamentals were strong.”
A Q1 report from Newmark Knight Frank was similarly bullish, pointing to the region’s economic versatility.
“The metro area’s large, diversified and innovative economy will prove vital to the area’s long-term growth story,” the
Perhaps the most confidence-inspiring Q1 data came from new projects, Jodka said. He pointed to Hines breaking ground on its 1.1M SF, 678-foot tower over South Station and other air-rights projects as indicators of a strong market, saying those were deals the city hadn’t seen since the development of Copley Place in the 1980s.
Boston’s office vacancy rose from 11.3% to 11.7% in Q1, but it remained at a cyclical low of 7.1% in the central business district, NKF found. The office sector experienced negative net absorption of 51K SF, according to NKF’s report. The Colliers report pegged Boston’s negative net absorption at 155K SF across all sectors.
Colliers also found overall positive net absorption of 127K SF and 363K SF in Cambridge and the suburbs, respectively.
The spread of the coronavirus and resultant widespread work-from-home policies will dampen gains in the office market across the country. But Boston’s office market is partly driven by technology firms essential to people working from home, insulating it from the broader economic shutdown.
“We have cybersecurity as a growing driver here,” Jodka said. “LogMeIn and GoToMeeting, they’re busy with everyone working from home, so we have a number of these technologies that are at the forefront of what’s happening today and what will happen tomorrow.”
An industrial sector report from NKF shows even greater reason for optimism. Rents grew 1.9% in Q1, marking the 13th consecutive quarter of positive growth. Industrial vacancy decreased to 5.9% despite 467K SF of deliveries, and there was positive net absorption of more than 919K SF.
“While uncertainty looms, expect the industrial market to press forward as normal,” NKF officials wrote in the report. “Expect tenants to continue to transact to meet growing demand, and expect buyers and sellers to operate quickly to take advantage of market
conditions before a potential shift.”
With the uncertainty of the pandemic, in spite of the presence of recession-resistant industries in Boston, the office market is due for a downturn, Jodka said. But when it gets better, it should be a sharp rebound.
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