James Ciprich

Join Fort Pitt’s Financial Advisors, Daryl Patten and Skylar Riddle, CFP® as they host guest speaker Ken Ventresca to discuss financial planning for multiple generations. The webinar will cover these topics and more: • Structuring your family’s wealth plan • Preserving assets for the next generation • Minimizing taxes • Financial literacy for the next generation Unable to watch live? We email a recording to everyone who registers. Register here: https://bit.ly/3xeKqtT #financialplanning #FortPittWebinarSeries #financialeducation

📈 Haverhill, MA v. Methuen, MA: April 2024 Real Estate Market Comparison 📉 Year to Date Data Comparison (January through April) 🏠 Single-Family Properties ➡️ Closed Sales (January through April) Methuen: 79 in 2024, up from 68 in 2023 (+16.2 percent) Haverhill: 66 in 2024, down from 73 in 2023 (-9.6 percent) ➡️ Median Sales Price (January through April) Methuen: $575,000 in 2024, up from $497,500 in 2023 (+15.6 percent) Haverhill: $535,000 in 2024, up from $500,000 in 2023 (+7.0 percent) https://hubs.la/Q02yx4pR0 #Haverhill #HaverhillMA #Methuen #MethuenMA #HomeBuying #HomeBuyer #RealEstate #HomeBuyingHelp #Homebuyers #HaverhillMass #MethuenMass

📈 Haverhill, MA v. Methuen, MA: April 2024 Real Estate Market Comparison 📉 Year to Date Data Comparison (January through April) 🏠 Single-Family Properties Closed Sales (January through April) Methuen: 79 in 2024, up from 68 in 2023 (+16.2 percent) Haverhill: 66 in 2024, down from 73 in 2023 (-9.6 percent) Median Sales Price (January through April) Methuen: $575,000 in 2024, up from $497,500 in 2023 (+15.6 percent) Haverhill: $535,000 in 2024, up from $500,000 in 2023 (+7.0 percent) https://hubs.la/Q02yx5bk0 #Haverhill #HaverhillMA #Methuen #MethuenMA #HomeBuying #HomeBuyer #RealEstate #HomeBuyingHelp #Homebuyers #MerrimackValley

🔥In our next episode... Bev Buella's real estate Investing career began In 2007, where she focused her business on acquiring distressed residential properties throughout the Philadelphia area. Since then, She has closed on over 30 off-market deals that She sourced through her own marketing, valued at 30-40% equity after repairs. Click the link to watch the full interview!👇 https://lnkd.in/eKguMxCf . . . #realestatepodcast #realestate #podcast #wealthymindpodcast #wealthymindinvestments

🔥In our next episode... Bev Buella's real estate Investing career began In 2007, where she focused her business on acquiring distressed residential properties throughout the Philadelphia area. Since then, She has closed on over 30 off-market deals that She sourced through her own marketing, valued at 30-40% equity after repairs. Click the link to watch the full interview!👇 https://lnkd.in/eKguMxCf . . . #realestatepodcast #realestate #podcast #wealthymindpodcast #wealthymindinvestments

🔥In our next episode... Bev Buella's real estate Investing career began In 2007, where she focused her business on acquiring distressed residential properties throughout the Philadelphia area. Since then, She has closed on over 30 off-market deals that She sourced through her own marketing, valued at 30-40% equity after repairs. Click the link to watch the full interview!👇 https://lnkd.in/eKguMxCf . . . #realestatepodcast #realestate #podcast #wealthymindpodcast #wealthymindinvestments

🔥In our next episode... Bev Buella's real estate Investing career began In 2007, where she focused her business on acquiring distressed residential properties throughout the Philadelphia area. Since then, She has closed on over 30 off-market deals that She sourced through her own marketing, valued at 30-40% equity after repairs. Click the link to watch the full interview!👇 https://lnkd.in/eKguMxCf . . . #realestatepodcast #realestate #podcast #wealthymindpodcast #wealthymindinvestments

🔥In our next episode... Bev Buella's real estate Investing career began In 2007, where she focused her business on acquiring distressed residential properties throughout the Philadelphia area. Since then, She has closed on over 30 off-market deals that She sourced through her own marketing, valued at 30-40% equity after repairs. Click the link to watch the full interview!👇 https://lnkd.in/eKguMxCf . . . #realestatepodcast #realestate #podcast #wealthymindpodcast #wealthymindinvestments

Check out our recent market report with neighborhood-level information and stats about what is going on in the Boston real estate market!

From CRE Daily: Boston's Downtown Real Estate is Cratering Photo illustration by Benjamen Purvis / Photos via Getty Images Boston's dependence on commercial real estate taxes is pushing it towards an economic crisis. Mayor Michelle Wu’s proposal isn’t helping either. What happened: Boston's tax structure, with over 30% of its revenue coming from commercial property, makes it uniquely vulnerable. This dependency is higher than in most other major cities, creating significant risk as commercial property values decline. Property values: A decline in commercial real estate could trigger an "urban doom loop," leading to cuts in city services, reduced attractiveness for residents and investors, and a deteriorating urban environment. Boston Improvement District's foot traffic remains at half of its pre-pandemic levels. Zoom in: Boston's office market is plummeting, with property sale prices in the central business district dropping by over 30% year-over-year in Q4. Office vacancies in Boston hover around 20%, and last year saw a record increase in new office space availability. The post-pandemic shift to remote work, high interest rates, and costly building requirements are major contributing factors. ➥ THE TAKEAWAY Looking ahead: Boston's economic stability is at risk due to its dependency on commercial real estate taxes. Mayor Michelle Wu's proposed tax hike on commercial properties has increased tensions with developers, likely leading to higher costs for tenants. Converting offices to residential spaces is seen as a potential but expensive solution. To revitalize the economy, there's also a push to invest in the life sciences sector, tourism, and artificial intelligence.