Posts Tagged ‘mit’

10 of the Best Social Media Sources for Real Estate

Aside from providing the latest details on Taylor Swift’s new album, Twitter and other forms of social media can be extremely useful when it comes to keeping tabs on the latest real estate news. Whether you’re hungry for foreclosures and short sales, information on recent tax credits, or tips on how to stage your home for a sale, these are the 10 best social media sources for real estate search.

Growth spurt... or Goliath?

Growth spurt... or Goliath?

1. Economix.Blogs.NYTimes.com

With contributors that include esteemed economics professors from MIT, Harvard University, and Princeton, the New York Times Economix blog helps readers understand the real impact of laws and market fluctuations that are relevant to the housing market. Recent blog posts discuss the impact (or lack thereof) of last year’s home buyer tax credit and the lasting effects of kindergarten education on a student’s life.

2. Twitter.com/Agentopolis

The best source for real estate lifestyle articles that aren’t focused on a specific region. Agentopolis combs through a variety of sources, posting about articles such as 10 Best Cities for Working Women with Kids and Hidden Costs of a First Home.

Porter Square in Cambridge

Porter Square in Cambridge, Massachusetts

3. The Cambridge Real Estate Blog

Harvard graduate and Cambridge real estate agent Charles Cherney tells readers what they can expect from the home buying process, how to find their dream home on Day 1, and when they can expect their home to sell in the Cambridge real estate market. Charles also regularly posts in-depth spotlights on Cambridge neighborhoods and properties.

4. Trulia.com/Voices

These message boards are great to browse through for real estate discussions. Post your own question, general or specific, for free advice from experienced real estate agents located in almost every region in the country.

5. YouTube.com

Another great source for real estate video tours. Check out this Cambridge real estate channel for video tours through the latest Cambridge MA listings.

A screenshot of WellcomeMat.com

6. WellcomeMat.com

A real estate video tour website featuring properties listed by 18,000 real estate agents across the US. Particularly useful for luxury properties in metropolitan areas. A good way to establish a connection with an experienced real estate agent.

7. Zillow.com/Advice

Similar concept to the Trulia message boards; another great source for free expert real estate advice.

8. LinkedIn.com

Any real estate agent that’s not on LinkedIn isn’t worth doing business with. Connect with a real estate agent you are interested in working with, read recommendations from clients or colleagues, find out if your agent has any certifications or designations that are important to you.

9. ConsumerBoomer.com

Even though it’s a blog that’s written for Baby Boomers, there’s a wealth of helpful financial information here that’s helpful for any generation. And though it’s not completely dedicated to real estate, articles include Affordable Vacation Homes and How to Get the Best Deal on Mortgages.

10. Twitter.com/EnergizedSeller

For home selling and staging tips, ask Dan Eason. Visit his website for more tips and tricks at EnergizedSeller.com

Did we miss something? Tell us your favorite social media source for real estate!


28

07 2010

Boston’s Rising College Costs Give Way to New Real Estate Trend

A recent article in the Wall Street Journal explores the growing trend of parents buying property in college towns for their son or daughter to live in while attending school. In today’s real estate market, a mortgage for a single-family home in Boston can be cheaper than the cost to rent an apartment or to live in a dorm. The Boston Globe even noted that housing prices continue to fall while “renters feel no relief” – rents remain the same or increase. At public and private universities nationwide, room and board has increased 5% since last year, averaging $7404 per school year for public universities and $8595 for private. With many families struggling to pay rising college fees, a change in housing options can provide huge relief on monthly expenses.

A search through Boston real estate listings pulls up a three-bedroom, one bath condominium on Grant Street in Boston. Close to the UMass Boston campus, this listing would be ideal for a student and a few roommates. A monthly mortgage payment could cost under $2000. To compare the benefit of owning a home to renting an apartment, parents could use Google Maps’ rental search feature to browse apartments listed around UMass Boston. It can cost anywhere between $1500 and $1800 for a 2-bedroom rental, or between $750 and $900 to rent one of the bedrooms. By purchasing a condominium, parents could rent out the two other rooms and cover part of the mortgage each month. The cost to house their son or daughter would be less than the area’s average monthly rent. The parents would be saving money in the short term. Thinking more long-term, a college town has a recession-proof demand for apartment rentals. After graduation, the family could continue renting out the property to college students or to a family.

Buying property in Boston offers relief for families struggling to keep their student in college. The short-term advantages are just as valuable as the long-term benefits.