Latest news with #WilliamRaveis
Boston Globe
3 days ago
- General
- Boston Globe
Explore homes for sale in Winthrop
LOT SIZE 0.1 acre BEDROOMS 4 BATHS 3 full, 1 half LAST SOLD FOR $610,000 in 2020 PROS This gut-renovated 1900 Colonial sits near restaurants and the skating rink downtown. Enter through a tiled mudroom into an open first floor with hardwood floors, recessed lighting, and deep blue walls. The living area has a shiplap electric fireplace, while the dining room has bay windows, a dry bar with wine fridge, and French doors to the back deck, stone patio, and fenced yard. The kitchen has quartzite counters and breakfast bar, black stainless appliances, and a shiplap backsplash. There's a half bath with laundry nearby. Upstairs, two bedrooms share a newer bath, while the primary suite has its own dressing room and a private bath with double vanity and step-in shower. The basement holds a guest suite with kitchenette and new bath. CONS No off-street parking. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up The living area of 136 Pauline Street in Winthrop. Handout Advertisement Anthony Carestia, William Raveis, 781-715-5076, $950,000 31 LINCOLN STREET / WINTHROP 31 Lincoln Street in Winthrop. Handout SQUARE FEET 2,341 LOT SIZE 0.22 acre BEDROOMS 3 BATHS 2 full, 1 half LAST SOLD FOR $475,000 in 2007 PROS This 1920 Craftsman with central air is just steps to the ocean and Ingleside Park. From the grand front porch, step into an entry hall with refinished hardwood floors and a powder room near the stairs. The living room at right has a pellet stove, while the dining room at left boasts bay windows. The tiled kitchen has stainless appliances, granite counters, and a built-in workspace. Step down to a mudroom, which opens out to a spacious, fenced yard with a patio and electrified garage or studio space (which could potentially be converted to an accessory dwelling unit). Upstairs, three bedrooms, all with deep closets, share a roomy bath. The finished basement holds a family room, laundry room, and new bath. CONS Two baths are a bit dated. Advertisement The living area of 31 Lincoln Street in Winthrop. Handout Seth Williams, Reference Real Estate, 617-680-9322, Seth@ Jon Gorey is a regular contributor to the Globe Magazine. Send comments to
Yahoo
05-08-2025
- Business
- Yahoo
WILLIAM RAVEIS NAMED TOP LUXURY BROKERAGE AT INMAN GOLDEN I CLUB AWARDS
William Raveis wins prestigious 'Top Luxury Brokerage' award at Inman Luxury Connect in San Diego SHELTON, Conn., Aug. 5, 2025 /PRNewswire/ -- William Raveis, the number one family-owned independent real estate company in the Northeast, Florida, and South Carolina, is named Top Luxury Brokerage by Inman Golden I Club 2025. This year's awards presentation recognized all national Finalists before selecting William Raveis as its winning brokerage. The prestigious award underscores William Raveis' commitment to delivering extraordinary luxury service for over fifty years. The Inman Golden I Club is the "highest honor in luxury real estate" according to Inman news source. William Raveis is renowned for pushing the boundaries of what's possible in the real estate industry. William (Bill) Raveis, Founder and CEO, explains their unique business model, "As a privately held company, we are not beholden to shareholders. We are not afraid to innovate and invest in building an exceptional Luxury Properties Division with the best marketing, most advanced technology tools, and finest agents in the world." Fifty years of luxury leadership. Winning global and national awards like Top 100 Luxury Real Estate Brokers of the World (2022-2024), HGTV's Ultimate House Hunt Overall Winner (2022), and Inman Innovators Top Brokerage 2023 is one facet. William Raveis has increasingly tapped into a unique 'luxury seam' along the East Coast, with over 4,500 sales associates to help clients buy, sell, and rent vacation homes. Bill Raveis adds, "Early on, we decided the franchises are not like us. We've honed a world-class Luxury Properties Division, providing individually tailored marketing programs for Fortune 500 CEOs, politicians, authors, and notable figures from the worlds of sports, entertainment, and television." Raveis adds, "We've built a global brand together with our extraordinary team of entrepreneurial agents." Jamie Zdru, Executive Director of the William Raveis Luxury Properties Division, offers personalized concierge service to agents and their clients, from Maine to South Carolina and Florida. With $1B under portfolio, their team collaborates with Luxury Portfolio International® to represent the most notable estates in top destinations like Nantucket, Boston, Greenwich, Westchester County, The Hamptons, Hilton Head, Naples, Port Royal, Palm Beach and elsewhere. Additionally, William Raveis' Elite Concierge Services – with everything all under one roof for home, mortgage, insurance, utilities, and moving earns Finalist distinction for "Most Innovative Marketing or Branding Campaign" by Inman Innovators in 2025. About William RaveisWilliam Raveis is the number one independent family-owned real estate company in the Northeast, Florida, and South Carolina. A multi-award-winner, William Raveis consistently earns global and national recognition for luxury service excellence, including Inman Innovators' Top Brokerage 2023, Luxury Lifestyle's Top 100 of the World 2024-2022, and many more. William Raveis Mortgage is a Top 100 national lender and William Raveis Insurance ranks Top 10 for most homeowners' policies sold among U.S. real estate firms. To learn more about William Raveis, please visit About Inman AwardsIn its sixth year, the Inman Golden I Club awards takes place at Inman Luxury Connect in San Diego, a premier gathering of the industry's top professionals in luxury real estate. Along with celebrating the prestigious Top Luxury Brokerage award, William Raveis' garnered two Finalist spots for "Top Luxury Team" and "Best Sales & Marketing for a Luxury Home or Property". View original content to download multimedia: SOURCE William Raveis Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-07-2025
- Business
- Yahoo
Fed's influence on mortgage rates: What homebuyers should know
Mortgage rates remain high, leaving homebuyers weighing whether to act now or wait for potential relief. Melissa Cohn, regional vice president at William Raveis Mortgage, explains how Federal Reserve signals, inflation, and bond yields (^TYX, ^TNX, ^FVX) are shaping the path forward for interest rates this year. To watch more expert insights and analysis on the latest market action, check out more Mind Your Money here. While mortgage rates aren't directly set by the Federal Reserve, they are influenced by its policy stance, and you can see that connection in this chart here, which tracks the average 30-year mortgage rate alongside Fed actions. So what should home buyers keep in mind about current rates, and what's the outlook for the rest of the year? Joining us now with more insight is Melissa Cohn, regional vice president at William Raveis. So Melissa, we often hear that the Fed doesn't directly set mortgage rates, but it does influence them. So can you walk us through that relationship and how Fed policy decisions trickle down to home buyers? So mortgage rates are really tied to the 10-year treasury yield, uh, which is impacted by the same data that the Fed looks at. So when there's weak economic data, bond yields go down, mortgage rates go down. At the same time, if the Fed sees that the economy is weakening, then they would be more likely to cut rates based upon that same data. So mortgage rates, bond yields, fed funds rates, all sort of travel in the same direction, generally based on economic data and the rate of inflation. Right, economic data, expectations, and given where we're at in the current environment, what do you think lenders are watching most closely? Is it inflation? Is it Fed signals? Is it the 10-year yields, or all of the above? I mean, it's obviously all of the above because the bond market is going to react to what the Fed does, what the Fed says. You know, if the Fed at the end of this month says that they intend to remain hawkish on inflation and that they're worried, they continue to worry about the inflationary impact of tariffs on the economy, you know, the bond market will probably react negatively, and that will cause mortgage rates to go up because the fear is that rates will stay higher for longer. If the Fed has the opposite statement, and they take a more dovish look and say that if the rate of inflation remains where it is based upon tariffs and the economy continues to sort of muddle along the way it is right now, the Fed could say that they'd be open to a rate cut, and then the bond market would rally, and mortgage rates would come down. So with the Fed widely expected to hold rate steady at its July meeting, maybe a cut in September, what's your call at least directionally on where mortgage rates could be heading in the second half of the year? I mean, we continue to see that, you know, the employment sector is stronger than the market was expecting but not as strong as it has been. So, weakening employment sector, we've seen other weakening areas in the economy and that the rate of inflation, while it's gone up a little bit on the retail level, uh, this past month, is still pretty much in line where, you know, the rate of inflation has been. So my hope is that the Fed will cut in September and will indicate that further cuts are potentially will happen at the end of the year and that mortgage rates will settle down. I think it's all going to be based on what the Fed says at the end of the month and what they do in September, but my expectation is that we will see lower rates by the end of the year. And if the Fed does end up staying on hold longer for than we expect, which has become a more likely scenario in recent weeks, could we see mortgage rates stick near that 7% level, or are there other factors that could maybe bring some relief for buyers even if we have this higher for longer interest rate environment? Well, you know, the bond market is very reactionary, and bond yields move up and down every day based upon current economic data, based upon geopolitical events, and a lot of other things. So the bond yields can drop, and mortgage rates can drop even if the Fed doesn't cut rates. And for people on the fence right now, do you recommend buying and refinancing later, or waiting it out? What's the smartest move in this market that can be a little bit confusing? You know, if you're looking to buy, it's really about finding the right house, not about finding the right mortgage rate. So I would tell you to buy when you find that right home. And then if you can buy and you can afford the home at today's interest rates, when, hopefully, rates come down, you can always refinance. And then, you know, it's a win-win situation. Related Videos There's a little 'irrational exuberance' in markets: Strategist Trump expected to push for 401(k) private assets: Pros & cons Trump signs GENIUS Act into law, a 'key moment' for crypto How to save and pay for a last-minute summer vacation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-06-2025
- Business
- Yahoo
Bravo's Luann de Lesseps Is Renting Out Her Hamptons Home Seen on 'RHONY' for $150,000 This August
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Calling all "The Real Housewives of New York City" fans! OG Bravo Housewife Luann de Lesseps has big summer plans, which means she won't be using her Hamptons home for part of the season. So, she's renting it out in August for $150,000. Michael Riemerschmid of William Raveis Real Estate holds the listing. de Lesseps, who recently starred on Bravo's "Love Hotel," will finish her run of "Countess Cabaret" shows and then return to the Sag Harbor property. However, while someone (hopefully) rents the home in August, she'll be all over Europe, including Scotland, Monaco, France and Ibiza, as detailed by the New York Post. Don't Miss: GoSun's breakthrough rooftop EV charger already has 2,000+ units reserved — become an investor in this $41.3M clean energy brand today. Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential. "Step into a piece of history with this stunning 1835 home, beautifully renovated to offer modern comforts while maintaining its charming period details. Perched just minutes from the village, this exquisite property boasts breathtaking water views, spectacular sunsets, and a private dock accommodating a 30ft boat," says the listing. The property has five bedrooms and five full bathrooms, as well as a separate one-bedroom, one-bathroom cottage. The 3,500 square feet of living space also includes an open layout with a chef's kitchen, private balconies and three fireplaces. The exterior has a heated gunite saltwater pool with a jacuzzi and a private dock. Trending: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100. de Lesseps purchased the Sag Harbor home for $3.1 million in 2013, according to Zillow. This isn't the first time she's rented out the property, either. In 2021 and 2022 she made it available for rent in July and August. It hasn't been available since, though. What makes the home particularly enticing for a Bravo fan is that it was featured on "RHONY." The kitchen is where Carole Radziwill met Adam Kenworthy, who was de Lesseps' chef and her niece's boyfriend at the time, in season seven. The dining table is where Sonja Morgan and Dorinda Medley got in a screaming match over their marriages in season 10. This home has hosted its fair share of iconic scenes. See Next: $100k in assets? Maximize your retirement and cut down on taxes: Book your free call with a financial advisor to start your financial journey – no cost, no obligation. Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100. This article Bravo's Luann de Lesseps Is Renting Out Her Hamptons Home Seen on 'RHONY' for $150,000 This August originally appeared on Sign in to access your portfolio
CBS News
10-06-2025
- Business
- CBS News
When should retirees choose a HELOC over a reverse mortgage? Experts weigh in
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Retirees should closely compare their HELOC and reverse mortgage options before borrowing any equity from their home. Shkljoc/Getty Images Retirees are increasingly exploring home equity as a tool to manage their rising costs. While inflation affects all of us, retirees are particularly vulnerable to its effects because of their fixed incomes. However, because many seniors are homeowners, using home equity products could help them tap into their biggest asset. "Many retirees purchased their homes for significantly less than the current value and can enjoy the fruits of this value appreciation to be more comfortable in their later years," says Sarah DeFlorio, Vice President of Mortgage Banking at William Raveis Mortgage. Home equity lines of credit (HELOCs) and reverse mortgages are two popular home equity products, but they work very differently and are properly suited to different situations. If you're a current retiree or plan to retire soon and you own your own home, the below guide could help you choose the best lending tool for you. See how much equity you could borrow with a HELOC here. When should retirees choose a HELOC over a reverse mortgage? While every retiree has different financial circumstances, there are some broad guidelines for when each of these products may be more advantageous. Here's what to consider: When to consider a HELOC A HELOC functions as a revolving line of credit taken from your home equity. Similar to a credit card, you can use your HELOC as often and as many times as you want, as long as you're within your credit limit. The easy access to cash and the ability to draw again and again makes a HELOC a good option for both one-time and ongoing expenses, as long as you're able to repay the balance. And because you'll have to repay the HELOC by the end of the repayment period (often a 10- to 20-year period that follows a 10-year draw period), it's a good option for retirees who are only looking for a temporary cash solution. "It's ideal if you need to fund a one-time project like a home upgrade, want to consolidate high-interest debt and pay it off on a timeline, plan to sell or downsize in the next few years, or want to preserve home value for heirs," says Michael Brennan, President at Nationwide Mortgage Bankers. "It also works well when you have other assets and just need a liquidity bridge." Explore your current HELOC rates and offers here to learn more. When to consider a reverse mortgage Unlike a HELOC, a reverse mortgage serves as a longer-term solution. You can pull money from your home, often in a single lump sum or a series of payments. Then, you won't have to repay the loan until the primary borrower either dies or sells the home. The nature of reverse mortgages makes them an option for retirees who need to borrow money they won't have to repay, at least not while they're still in the home. For example, if a retiree doesn't have sufficient savings and needs an influx of cash each month to help cover their bills, a reverse mortgage could be the answer. For example, let's say you've retired with less money than you hoped and don't have the option of bringing in additional income. You could get monthly payments from your reverse mortgage to help cover your budget shortfall. As you receive payments, your loan balance rises — it's the exact opposite of a traditional mortgage. And in most cases, you (or your heirs, after your death) would use the proceeds of your home sale to repay the loan. "It can offer predictable monthly payments or lump-sum cash to handle those rising costs without draining your 401(k) or IRA," says Brennan. It's worth noting, however, that reverse mortgages are are limited to homeowners 62 years or older. If you're a younger retiree and need to tap into your home equity, you'll have to explore other alternatives. Learn more about your reverse mortgage options here. HELOC vs. reverse mortgage: Which is right for you? When choosing between a HELOC and a reverse mortgage, it's important to consider what you need the money for and how long you need it. If you need the money for a one-off expense, a HELOC is often a good option. But if you're looking for an option to help cover your monthly expenses, a reverse mortgage may be a better fit. Similarly, the timeline is key. You'll have to pay back a HELOC by the end of the repayment period, which could be between 20 and 30 years after you open it. Meanwhile, you won't have to repay a reverse mortgage until you leave the home (or your heirs repay it on your behalf after you die). Therefore, if you can't swing the monthly payments on a HELOC, a reverse mortgage may be your only option. It's important to consider whether you hope to leave your home to your loved ones. When you borrow from a HELOC, you'll eventually repay the balance, meaning you'll restore your equity in the home. But with a reverse mortgage, you typically don't pay it back while you're living in the home. Therefore, in the event of your death, your heirs may be forced to sell your home to repay the balance. And because the loan accrues interest the entire time, the balance continuously rises. By the time the house is sold, there may not be any money left for your loved ones to inherit after the loan has been repaid. Finally, as with any other lending product, make sure you understand the cost and terms. Both HELOCs and reverse mortgages are a bit more complex than your standard installment loan, and both will have applicable fees and interest. "While reverse mortgages can provide needed cash flow for some retirees, particularly those on a fixed income, they've also developed a reputation for high fees, complex terms, and aggressive marketing, raising concerns about whether borrowers fully understand what they're signing up for," says Sean Briscoe, the Director of Products and Payments at Alliant Credit Union. "In contrast, HELOCs are more transparent, with straightforward repayment terms and fewer surprises." In either case, don't commit until you have a clear understanding of what you're borrowing and why, as well as your responsibilities as the borrower. The bottom line Tapping into your home equity can be a great way to get an influx of cash as a retiree, and HELOCs and reverse mortgages are two solutions to help you do that. However, neither of these solutions is right for every retiree, and it's important to analyze your unique situation to determine the optimal fit. If you aren't sure which direction to go, a financial planner or another knowledgeable professional can take a holistic look at your personal finances to advise you on the best option.
