Hub ripe for real estate rebound?

You may be seeing a bit more of this in the future.

The past few years have been great for homebuyers, but now it’s time for sellers to hear some positive news. MSNBC published a report this month identifying Boston as being ripe for a real estate rebound. Local realtors seem in agreement, but with some caution.

“We agree with what I think is a premise,” says Kevin J. Ahearn, president of Otis & Ahearn, which mostly operates within downtown Boston and neighboring areas such as Charlestown and the South End. “The downtown condominium market is a contrarian market to national and [suburban] single-family markets. Prices held for the most part, even as sales activity slowed down from prior peak periods.”

“Most Greater Boston areas are bottomed out,” says Wendy Rocca of Keller Williams, Newton, who mostly works in the suburban market. “In some areas we are seeing multiple offers if the property is priced right. Belmont, Watertown, and Newton are just some of the areas that are very active. I would say, outside of [Route] 495 is a bit behind us. They have more inventory.”

As a rule of thumb, the further into the Back Bay, the lower the inventory and the tighter the market. Wealthier buyers untouched by the financial crunch kept the Back Bay market afloat, even during the recession.

“Inventory downtown has dropped,” says Ahearn. “Prices are going up very soon and maybe dramatically.”

Rocca agrees. “Properties are snatched up if they show well. Of course, there are some pockets that are still a bit stagnant, but in general Boston is back.”

The right stuff

Forbes at’s report cited Boston as having the right ingredients for a real estate market revival. Low unemployment was a big factor. “The New England hub has a low 5.7 percent unemployment rate thanks to the presence of more than 100 universities and colleges in the metro area and a variety of biotech and financial services companies,” said the article.


NYPD: Suspect fleeing traffic stop shot by cop…

The NYPD said an officer temporarily reassigned for the Summer All Out program shot a suspect who slammed into two NYPD cars and hit a cop in Brooklyn.


De Blasio and first family will travel to…

Mayor Bill de Blasio and New York City's first family will travel to Italy later this month for a summer vacation.


TIPS: How to take great photos during 'Manhattanhenge'

Grab your camera and make the perfect picture this Saturday.


Seinfeld emoji cound be available next week

Get your puffy shirts and your marble rye ready, America. Seinfeld emoji could become available as early as next week.


PHOTOS: Topless Cara Delevingne advocates for 'Free the…

Supermodel Cara Delevingne is never one to shy away from the gaze of social media. Yesterday, she chose to advocate for the 'Free the Nipple' campaign via Instagram, where she…


PHOTOS: Axelle Despiegelaere AKA "most beautiful" fan gets…

Axelle Despiegelaere, the "most beautiful" soccer supporter of this year's World Cup, was fired by L'Oreal for a hunting photo on her Facebook account.


Final season of 'Glee' will be only 13…

The final season of "Glee" will officially be only 13 episodes, instead of the usual 22.


Complex characters, juicy scripts boost Netflix's Emmy nominations

The unconventional approach to TV at Netflix netted 31 Emmy nominations, a major achievement after plunging into original programing just last year.


GIF: LeBron James returns to Cleveland so deal…

To anyone out there who is upset about his decision, this .GIF is for you. Enjoy.

World Cup

A game of two popes: Vatican plays down…

By Philip PullellaVATICAN CITY (Reuters) - With Argentina meeting Germany in the World Cup final, the Vatican on Friday brushed aside talk of soccer rivalry…


Which Jets player has the best odds at…

Metro New York asked Bovada.LV to rank the top three contenders for the NFL MVP on the Jets.

World Cup

Argentina prevails in penalties, advances to final

The drama never seems to subside as the World Cup finally has its final two.


Fart gas might prevent cancer

You might not like the smell, but fart gas might help prevent cancer.


Mesh sheds light on top 10 dating deal…

What are New Yorkers' top 10 dating deal breakers? Find out here.


This Week in Health: Sexual headaches can be…

Sexual headaches: an under-discussed health issue Location: U.S. Results: If getting frisky brings on a headache, you’re not alone. Headaches associated with sexual activity represent a…


Head to FiDi for free Chia Pods from…

They may have been last summer's darlings, but chia seeds have definitely not gone out of style. A great source of omega-3 fatty acids, they…