Real Estate

Interest Rates Cuts Expected to Spur Market Growth

On October 30th, the Federal Reserve approved a quarter point interest rate cut from 2% to 1.75% in order “sustain market expansion”, as promised by the Federal Open Market Committee in June. Despite the fallout from the U.S. – China trade war and the impending implications from Brexit, the U.S. economy and housing market continues to maintain steady growth, and this rate cut should help this growth continue through Q4 of 2019. Now is a better time than ever to purchase a new home or refinance at a lower rate.

Effective Federal Funds Rate, 2019

graph for Blog Post

Source: https://www.macrotrends.net/

The Fed has had internal disagreements as to whether or not these cuts should continue, as this was the third rate cut this year. While President Trump has publicly stated that the Fed should keep cutting rates in an effort to stimulate economic expansion, multiple regional presidents of the Fed have maintained that the rate shouldn’t move down any further, and that it even should have been held constant at the prior level. It will be interesting to see how these rate cuts impact the economy in the long run: will this growth instrument prevent another recession or might it lead to inflation?

 

 

The Davis Companies Selects Advisors Living As Exclusive Sales & Marketing Team For 100 Shawmut

138 New Luxury Condominium Residences with Unparalleled Views and Market Leading Amenities in Boston’s South End

Oct. 2, 2019

By: PRNewswire

The Davis Companies (TDC) announced the selection of Advisors Living as the exclusive sales and marketing team for 100 Shawmut – the newest luxury development in Boston’s South End.

 

100 Shawmut will include 138 new luxury condominium residences, complimented by breathtaking views, private outdoor spaces, a two level rooftop sky lounge with gas grills and fire tables, a full service 24-hour concierge, an exclusive fitness center, a club room with a caterer’s kitchen, a resident lounge, billiards room, library, children playroom, dog-wash station, bicycle storage, and 3-levels of enclosed, secure parking.

“The Davis Companies has a long track record of doing what’s right for Boston,” said Jonathan Davis, Founder and CEO of The Davis Companies.  He continued, “We are combining the best of the South End’s historic charm with the brilliance of contemporary architecture, ultimately delivering a diverse mix of living options for a wide range of Bostonians.”

Advisors Living, a division of Boston Realty Advisors, is a recognized market leader in the planning, design, marketing and sales of new luxury residential development throughout Boston.  In addition to Advisors Living, The Davis Companies assembled a star-studded cast to design and construct the full-service luxury building.

The Architectural Team – Design Architect

EMBARC Studio – Interior Design

Copley Wolff Design Group – Landscape Architect

Suffolk Construction – General Contractor

Jason S. Weissman, Founder and CEO of Boston Realty Advisors said, “Advisors Living has become a household name for luxury living throughout Boston.  I’m confident in their ability to market this unique opportunity in the South End and deliver top sales results at 100 Shawmut.”

The adaptive reuse and new construction redevelopment will transform an existing, early 20th century six-story industrial building and the site that surrounds it into a 138 unit, 13-story architectural marvel.  The project design will merge classic features from the existing prewar building together with sleek, modern accents, preserving the character of the 1920’s façade on the lower floors, while adding seven stories of unitized glass curtainwall.

As the eye-catching exterior powerfully lures people in, the interior will welcome its residents with high ceilings and a modern feel – utilizing a mixture of white oak and textural stone that conveys a warm and gracious experience.  The thoughtfully designed luxury condominium residences are sized to offer the ideal home for any family, offering studios, one, two, three and four-bedroom homes.

The overall development sits on 1.9 acres and will ultimately form a beautiful landscaped internal courtyard and an East/West public pathway for residents of the South End to access the Washington Street Corridor.

The South End is an incredibly versatile neighborhood that boasts a thriving restaurant and gastropub scene and a broad array of specialty shops and is recognized as a world-renowned art and design district.  100 Shawmut is ideally situated to leverage the best of the South End and is conveniently located minutes from the Back Bay, Seaport, Downtown, SoWa and South Boston.

Janice Dumont, CEO of Advisors Living said, “The definition of modern luxury has been elevated.  100 Shawmut will stand apart in the South End community, offering luxurious high rise living with a comprehensive amenity program.  We are privileged to be the exclusive brokerage firm for this exceptional property.”

Climbing 150 feet, in one of the most sought after Boston neighborhoods, 100 Shawmut is being marketed as, “One Address. Infinite Possibilities.”  The Davis Companies broke ground on 100 Shawmut in February 2019 and is scheduled to deliver year end 2020.  The exclusive Advisors Living team consists of Janice DumontColleen Daniels, Creign Carr and Matt Gilmartin.  For more information and to schedule an appointment, please visit 100shawmut.com.

 

Advisors Living Tapped to Market 138-Unit South End Condominium Project

By: Connect.Media

Davis Companies has tapped Advisors Living for the sales and marketing assignment of 100 Shawmut, a 138-unit luxury condominium project in Boston’s South End.

The project will feature views of the Boston skyline, private outdoor spaces, a two-level rooftop sky lounge with gas grills, a full service 24-hour concierge, fitness center, club room, resident lounge, billiards room, library, children playroom, dog-wash station, bicycle storage and three-levels of secure parking.

The adaptive reuse and new construction redevelopment will see an early 20th century six-story industrial building redeveloped into a 138 unit, 13-story property. The design will merge features from the existing prewar building together with sleek, modern accents.

“100 Shawmut will stand apart in the South End community, offering luxurious high rise living with a comprehensive amenity program,” said Janice Dumont, CEO of Advisors Living.

Consumer Confidence Remains High Entering Fall Market

U.S. consumer confidence only slightly decreased from July to August despite trade tensions with China. Experts estimated that the market could see a large dip in August, but instead, this dip has been significantly smaller than predicted, signaling an optimistic general economic outlook. While other part of the economy have shown some weakness, the housing and labor market have remained strong, and now, bullish investors are hoping for resolution with China and a potential fall rally.

Expectations are still that the Fed will lower interest rates again in September due to trade tensions and slowing global growth, according to Reuters.com. As long as the tariff tension with China continues, the Fed will need to use monetary policy tools, such as rate cuts, to keep the economy strong. If the tension escalates and China retaliates to the U.S. tariffs on Chinese imports by taxing incoming U.S. goods, the high level of consumer confidence that we are seeing now will start to fall at a faster pace. But, on Monday, President Trump and Xi Jinping “called for calm” and Trump predicted that a deal would soon be in place.

These continuous rate cuts bode well for the future of the housing market. Nationally, home prices increased by 1.0% in the second quarter, and the increase in housing demand can directly be attributed to the favorable mortgage conditions brought about by the recent rate cuts. As long as these rate cuts increase the demand for real estate purchases, prices should hold strong entering the fall.

 

 

 

Fall Housing Market Forecast Looking Strong

In July 2019, U.S. homes sales grew by 2.5% year over year due in large part to a decrease in interest rates. Analysts believe that this rate was lowered to bolster the economy after markets shifted when tariffs on Chinese goods was announced by President Trump. This bodes well for the outlook of the U.S. housing market, as this decrease from 3.95% to 3.90% interest will give buyers more money to spend on homes going into the fall season.