I pulled 16 years of City of Boston ERT/New Construction Permit Data, Here's What I Found..
 I pulled 16 years of City of Boston ERT/New Construction permit data, and the numbers are sobering.Peak year: 2018: 390 permits issued. 2024: 182 permits. That's a 53% decline from peak.A seasoned permit expeditor I spoke with last week put it bluntly: "New construction has fallen off a cliff in t
Is the Real Estate Market Finally Thawing?
 Is the market finally thawing?After a multi-year freeze, we’re starting to see much more movement again. Rates have eased and transactions are picking up.That said, the market is still sensitive. If oil and inflation move higher, rates could follow, which could put pressure on activity again.In So
The Fed Can Cut Rates and Real Estate Can Still Feel Worse
  The Fed can cut rates and real estate can still feel worse.Because your deal doesn’t price off the Fed Funds rate.It prices off the 10 year treasury. It is a market price.When the 10 year rises, here’s what changes in the real world:- Heavy value-add and development math gets squeezed- Cap rates
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