LOW HOUSING INVENTORY THREATENS HOUSING RECOVERY

Dwindling housing inventory is becoming a real issue for a recovering real estate market in area’s like Boston real estate market sales have been booming and setting records in recent months. Both new buyers and renters are running into problems trying to get the dream house they have been wanting and saving for in the last few years. Apartment vacancy rates are running below 3% which is a very tight level. Inventories of single family homes, condos and town homes are dangerously low, with sellers holding out to see what happens in the election in November. Other considerations that are having an effect on the current real estate recovery is the European Debt Crisis, our own debt crisis and the many tax decisions that the new President and Congress must make early in 2013.

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About Maxwell

MAXWELL@BOSTONLUXE.COM • CELL: (617) 543-7754 • OFFICE: (617) 267-4600 Maxwell Burke began his real estate career nearly 20 years ago doing appraisals with his father in Southern California and Northern Texas. He grew up in a family environment so oriented towards investment and real estate that to call his upbringing entrepreneurial would be a disservice. From his grandfather's multiple developments ranging from British Columbia down into Southern Mexico to his uncle's holdings in Portland, Oregon, Maxwell has been given a view not just of Boston real estate, but of American real estate. Maxwell and Drew Abysalh met in 2009 and increasingly consolidated their business models together culminating in their partnership in 2011. With over 300 real estate deals under his belt ranging from a standard rental to a $1.5 million condo conversion, Maxwell is a tremendous resource to help you realize your real estate dreams. Welcome to Boston Luxe - it's a pleasure to meet you. Google

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