Bassick Advisors

Builder headaches from Tahoe to Boston include lumber prices, labor issues, land, and material shortages. Builderonline.com recently reported that the “latest lumber price hikes add more than $18,600 to new homes.” Last May, feeling the effects of the pandemic, lumber prices spiked to $1,500 per thousand board feet. Prices then leveled off for a bit.…

All across the United States, a severe lack of inventory continues to produce record activity at the residential level. On the Eastern Seaboard, Massachusetts has been operating at levels not seen since 2006, according to the January 2022 Bassick Report covering the Boston, Weston, Wellesley, Cape Cod, Martha’s Vineyard and Nantucket areas. The median sales…

Century-plus old houses in Weston, Massachusetts, are frequently tied to local history, but few are as tethered to notable individuals as the Ridgehurst Estate, once the home of a wealthy cordage manufacturer.

Remember the pandemic housing boom, when plummeting mortgage interest rates — which reached an all-time record low of 2.65 percent for a 30-year fixed in January 2021 — drove buyer demand, causing bidding wars that drove some luxury homes to sell for hundreds of thousands of dollars over the asking price? How has the luxury…

The mass exodus from cities inspired by the pandemic may be over, but suburban markets are still hot. With many people working remotely, the suburbs continue to be a more comfortable and affordable option without sacrificing access to the city, albeit with a bit of a longer drive or train ride. Check out these suburban…

The Salvation Army is looking to sell property it has owned since the 1950s for $58 million, pitching the two adjoining parcels as one of the largest development opportunities in the city.   The 1.9-acre site at the corner of Valencia and Cesar Chavez was purchased in 1955, the nonprofit confirmed, and a 65,000-square-foot, three-story building…