A massive new 1500 room hotel has received early approvals to be built along D Street adjacent to the Boston Convention Center.  The new hotel will increase the capacity of the convention center and enhance the Center’s ability to attract much larger groups to Boston.  The new hotel will create jobs, generate tax revenue and continue to completely transform the Seaport and West Side of South Boston into a vibrant new mixed-use neighborhood that used to be vacant and underutilized industrial waste land.  The new Southie continues to blossom in leaps and bounds says the related Herald story. 

Is Everett the next Las Vegas?  If it becomes the site of the casino for the Boston area, the changes will be dramatic.  Already, real estate prices are reflecting the frenzied speculation, according to the story in today’s Boston Globe.

And if Everett becomes the new Las Vegas, will Revere become the Boston Riviera?

Forget about including a contingency for the sale of your prior home.  Forget about lengthy mortgage financing contingency periods.  In today’s competitive seller’s real estate market, all cash offers with no contingencies frequently carry the day.  With inventory at an all time low and the pent up demand created by almost 5 years of very little new building, today’s home sale market is downright treacherous for buyers.  Read more about the nationwide phenomenon here.

If interest rates on home mortgages begin to rise, will the current frenzied market get even more crazy? Find more information here.