Month: April 2019

What Would Make You Sell Your House?


Newton, MA. Newton Top Realtor, Sotheby’s, COMPASS, Suburban Boston Team

What Would Make You Sell Your House?

What Would Make You Sell Your House? | MyKCM

There are many reasons why a homeowner decides to sell their house and move. The latest Generational Trends Report from the National Association of Realtors asked recent home sellers to share their reason for moving.

The younger the respondents, the more likely their top response centered around needing a larger home (ages 29 to 53). Relocating for a job was the top reason for those ages 54 to 63 and the second most popular response for those under 53. The chart below shows the breakdown for these two reasons.

What Would Make You Sell Your House? | MyKCM

For homeowners over the age of 64, wanting to be closer to friends and family served as the top motivator to move. Downsizing to a smaller home or moving due to retirement came in as a close second and third.

What Would Make You Sell Your House? | MyKCM

Have you outgrown your current house? Are you a homeowner who can relate to wanting to be closer to family and friends? Is your house becoming a burden to clean now that the kids have moved out?

Bottom Line

Let’s get together to set you on the path to selling your current house and finding the home that fits your needs, today!

 

Buyer Demand Surging as Spring Market Begins


Newton, MA, Compass, Sotheby’s Newton’s Top Brokers

Buyer Demand Surging as Spring Market Begins

Buyer Demand Surging as Spring Market Begins | MyKCM

Last fall, some predicted that the 2019 residential real estate market would be a disaster. There was even belief we might experience a housing crash like the one that occurred during the last decade.

However, according to two separate reports*, buyer demand dramatically increased over the last three months, leading into this spring buyers’ market (the March data is not yet available).

Both the ShowingTime Showing Index and the National Association of REALTORS Buyer Traffic Index show that buyer demand has increased in each of the last three months.

Buyer Demand Surging as Spring Market Begins | MyKCM

Why the increase in demand? Increased buying power.

According to the National Association of Realtors’ Economists’ Outlook Blog, purchasing a home has become more affordable, which has led to increased demand.

“Due to the combination of falling home prices and mortgage rates, the income needed to make an affordable mortgage payment (mortgage no more than 25% of income) on a median-priced home with 10% down payment and 30-year fixed rate mortgage decreased from $60,425 in June 2018 to $53,783 as of February 2019, and the difference of $6,642 represents a gain in buying power because one can afford a home purchase at a lower level of income.”

Bottom Line

It appears the spring buyers’ market is going to be much stronger than many had projected. Whether you are selling or buying, this is important news.

 

*The methodology behind the indices:

The ShowingTime Showing Index

“The ShowingTime Showing Index® tracks the average number of buyer showings on active residential properties on a monthly basis, a highly reliable leading indicator of current and future demand trends.”

The National Association of REALTORS® Buyer Traffic Index

“In a monthly survey of REALTORS®, NAR asks respondents ‘Compared to the same month last year, how would you rate the past month’s traffic in neighborhood(s) or area(s) where you make most of your sales?’ NAR compiles the responses into an index, where an index above 50 indicates that more respondents reported “stronger” traffic than “weaker” traffic.”

Sampling Newton’s Restaurants


Newton, MA.  Compass, Sotheby’s Newton’s Top Realtors

Discover the best restaurants in Newton for pizza, ramen, brunch, and more

Moldovan food? Newton has it.

A side of meatballs at Fiorella's in Newton
A side of meatballs at Fiorella’s in Newton. –Justin Saglio

A leisurely trip from Boston on the Green Line, Newton may not at first seem like a suburb to visit for Moldovan food. But it is — along with classic Neapolitan pizza, Chilean cuisine, and steaming bowls of ramen. The next time you find yourself in Newton Centre, Newton Highlands, and other Newton villages, head to one of these fantastic restaurants, which make up the area’s globally diverse cuisine.

Buttonwood
A May 2018 kitchen fire caused this Newton Highlands neighborhood eatery to close for 10 months, but it has triumphantly returned with its entire staff (led by the team behind Sycamore and Little Big Diner) and many of its beloved menu items, including the BW cheeseburger, pork schnitzel, and a slew of Mediterranean-inspired grilled dishes. The cocktails are nothing to scoff at, either: Try the Crimson King, made with rye, ginger-maple syrup, lemon, and angostura bitters. (51 Lincoln St.)

Comedor
An order of crispy chicken drumsticks at Comedor. —Justin Saglio for The Boston Globe

Comedor
At Comedor, a colorful and inviting bar and restaurant in Newton Centre, Chilean soul food takes center stage in the form of chili-glazed pork ribs, papas fritas, and Spanish octopus with roasted root vegetables. It’s a popular spot for brunch, too, with homemade doughnuts and a nap-inducing s’mores French toast with chocolate ganache. (105 Union St.)

Dunn Gaherin’s
It’s not easy to find an Irish pub in the Boston area that serves both great beer andfantastic food, but Dunn Gaherin’s — fun to say, even better to visit — is one of the exceptions. Inside the quirky space, customers tuck into plates of steak tips and gravy-drenched meatloaf (stop by on Fridays and Saturdays for the shepherd’s pie special). Imported and local brews flow from the taps, including the necessary Guinness. (344 Elliot St.)

Fiorella's
Gnocchi at Fiorella’s. —Justin Saglio

Fiorella’s
At Fiorella’s in Newtonville, you’ll find the types of Italian food that can cause sudden cravings at unsuspecting moments: chicken parmigiana, shrimp scampi, four-layered lasagna. A hefty salad section is ideal for the lunch crowd (and includes everything from chopped Italian salad to a roasted beets and arugula bowl), and desserts are ideal for, well, anytime — especially if your order involves the peanut butter ice cream pie. (187 North St.)

The Landing Pizza & Kitchen
This Newton newcomer has only been open for a few months, but pizza fans are already raving about the pies here. Owner Massimo Ottani is certified in making traditional Neapolitan pizza, and his training shows: Thin-crust dough is topped with fresh ingredients that range from sweet sopressata and anchovies to potato. Oven-baked focacce sandwiches and calzones are also on the menu, but you’d be remiss if you skipped out on Ottani’s exceptional pizza. (223 Adams St.)

Little Big Diner
The spicy miso ramen at Little Big Diner. —Suzanne Kreiter

Little Big Diner
For a soul-warming bowl of ramen, Little Big Diner is the go-to spot in Newton. The tiny lunch and dinner hangout serves brown rice bowls, poke, and shared appetizers, but it’s the ramen that draws in locals, from traditional miso or shoyu ramen to the spicy tan tan ramen, a take on tantan mien with both chashu pork and chili ground pork. (1247 Centre St.)

Lumiere
The takeout family meal of roast whole chicken, salad, grilled broccoli, potatoes, other vegetables, and cookies at Lumiere. —Suzanne Kreiter/Globe Staff

Lumiere
As one of Newton’s more upscale restaurants, Lumiere excels at on-point service and expertly executed French fare. Chef Jordan Bailey focuses on approachable classics like an herb-roasted half chicken, steak frites, and smoked fish pate, but if you really want to put your faith in Bailey, go for the chef’s whim tasting menu: five blind courses with the option to pair with wine. The kitchen also offers a family meal, a takeout dinner meant to feed two adults and two children. (1293 Washington St.)

Max & Leo’s
Emotions run rampant when discussing the quality of pizza in the Boston area, but Max & Leo’s delivers on both great pies and a family-friendly atmosphere. The sibling-owned pizzeria, which also has locations in Sudbury and the Fenway, allows you to build your own pie or choose from one of the custom pizzas — the Steve’s Old Fashioned is an exercise in refined simplicity, made with fresh mozzarella, slices of tomato, fresh basil, and garlic-infused extra virgin olive oil. (325 Washington St.)

Moldova
A pie with savory filling at Moldova. —Suzanne Kreiter/Globe staff

Moldova
Moldovan cuisine takes inspiration from its surrounding neighbors — Romania, Ukraine, Turkey, Bulgaria — and you’ll find a little bit of all of these influences at Moldova, a colorful cafe on Watertown Street. Serving brunch, lunch, and dinner, the menu includes dishes like Platou Moldovenesc, a mix of scrambled eggs, your choice of meat, hash browns and polenta; as well as sarmale, which are hand-rolled cabbage and grape leaves stuffed with rice, chicken, and herbs. (344 Watertown St.)

Sycamore
Seasonal fare dictates the menu at Sycamore, a neighborhood bistro where crispy Rhode Island squid and mushroom lasagna are listed alongside a Colorado lamb board for two. Bring a friend (or a date) and settle in to the brick-walled space, where a small, cozy bar serves beer, wine, and craft cocktails. (755 Beacon St.)

 

Home Buyer Demand Will Be Strong for Years to Come


Newton, MA. Compass, Sotheby’s Newton’s Top Brokers, Real Estate, Greater Boston

Home Buyer Demand Will Be Strong for Years to Come

Home Buyer Demand Will Be Strong for Years to Come | MyKCM

There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a “Renter-Generation”.

And while this might be true for some millennials, more and more research has surfaced that shows for the vast majority, owning a home is a major part of their American Dream!

New research shows that 66% of millennials who currently rent are determined to buy a home! Seventy-three percent of those surveyed by

Pulsenomics plan to buy a home in the next five years, with 40% planning to do so within the next two years!

Home Buyer Demand Will Be Strong for Years to Come | MyKCM

“Millennials want to own a home as much as prior generations,” Ali Wolf, Director of Economic Research at Meyers Research says. “We saw millennial shoppers scooping up homes in 2018—and 2019 will be no different.”

Bottom Line

Are you one of the millions of renters who are ready and willing to buy a home? Let’s get together to determine your ability to buy now!