SF Fed says that work from home has driven home price inflation

Wednesday, September 28

Great Article here from the SF Federal Reserve:https://www.frbsf.org/economic...Basically working from home causes inflation.People who work from home want bigger houses.This causes demand to grow for space.This raises prices and RENTS as well.Work from home they believe will stabilize at about 3...


State of the WorcesterMulti market 9/28/2022

Wednesday, September 28

I have gotten a ton of calls in the last 2 weeks from owner occupant buyers and from investors as to the state of the Market for Multifamily. Rates are going up. Residential rates are at 7% Commercial rates are at 6% This takes a bite out of your buying power.  a 1% rise in MTG rates decreases yo...


How Real Estate Taxes work in Worcester Massachusetts

Thursday, September 22

I have had a bunch of buyers ask me why they should plan on taxes going up after they buy a property. As we know, Taxes always go up. That is a bit too simplistic. Basically your tax bill is as follows. ASSESSED VALUE X TAX RATE The tax rate is calculated annually, in Worcester it is $15.21 per $...


1/6 of all jobs in MA are in Boston- they are not in Worcester?

Wednesday, September 14

Here is your answer.  I was reading an article on Rent Control today and they shared this stat.   1 of 6 Jobs in MA are in Boston. That means that ALL REAL ESTATE revolves around Boston.   All other markets are secondary markets. People who make more $ can live closer to Boston. Worcester is clos...


Like a bad dye job the truth is in the roots

Thursday, August 25

It is the BONES/ROOTS of the house that matter There are so many people out there looking for an INSTAGRAM ready house/apartment. Do not be fooled. The proof is in the roots/bones of the house. If you don't have a good foundation you are in trouble. Keep these prices in mind when evaluating a hou...


The Cleanest Dirty Shirt in the Laundry

Thursday, August 25

You can probably remember a time in your life when you didn't have any clean clothes.  You went into the laundry in search of the cleanest dirty shirt. Buying a Multifamily in Worcester is basically like this. There are so many old houses with flaws.  If you spend your time trying to find the per...