Our mobile site is optimized for smaller screens.

TRY IT NO THANKS
Advanced Search

      Agent Spotlight

      About Michael

      Executive Vice President of Gibson Sotheby's International Realty, Michael Carucci has been one of the most trusted names in the Boston real estate market for more than 30 years.

      Michael is one of Boston's highest producing agents and is consistently ranked in the top 1% in sales volume for the Greater Boston area. He is a recognized expert in the residential and commercial Boston real estate market and is regularly quoted in articles, appearing in the Boston Globe, Boston Herald, Boston Business Journal, and Banker & Tradesman. He is also a contributing editor for Boston Common Magazine...

      Read More »

      Michael's Testimonials

      Michael represented me on both the sale of my home and the purchase of a new one that better suited my family. Michael’s execution was flawless and I would highly recommend him for any of [...]

      Michael is knowledgable, patient, and professional. If you’re considering a sale or purchase, I recommend Michael Carucci.

      Michael Carucci's knowledge, advice, and guidance of the property market is extraordinary. Coupled with Michael's genuine concern for the welfare of the family in a stressful [...]

      "Michael is a star broker. By that, I mean he brings buyers and sellers together and makes deals happen. Both parties leave the closing table happy. He knows everybody and everybody knows him. [...]

      Working with Michael is always a pleasure. Whether on a residential sale or purchase, or a larger multi-family or retail transaction, you know that your interests are being looked after by one of [...]

      "What sets Michael apart from other brokers is his attitude that the job doesn't stop when the ink dries on the closing papers. He was a tremendous help when my family and [...]

      Michael did a great job closing the deal for us per my specific requests. He is very responsive - he always picks up the phone when I call him. I highly recommend him.

      Michael has an exceptional ability to uncover opportunities in an otherwise very competitive market. His follow through and execution make all the difference.

      Back To Blog

      Homeownership Among 20- and 30-somethings at Low As Educations Costs Soar

      According to Boston.com, Harvard's Joint Center for Housing Studies just came out with its annual report housing market.

      The homeownership rate for those in their 20s and early 30s plunged 8 percent over the past decade. Meanwhile, in a separate section, the Harvard report notes that student debt levels have gone through the roof.In fact, number of young adults stuck paying off $50,000 or more in student loans has tripled over the past decade, the Harvard study finds.

      Here's more from the Harvard report:

      Between 2001 and 2010, the share of households aged 25-34 with student loan debt soared from 26 percent to 39 percent, with the median amount rising from $10,000 to $15,000 in real terms. Within this group, the share with at least $50,000 in student debt more than tripled from 5 percent to 16 percent. For these borrowers, the need to pay off these outsized loans will likely delay any move to homeownership.

      The net cost of college jumped 10.5 percent to nearly $30,000 a year since the Great Recession, the Globe reports. That's the amount most families pay after aid and grants are factored in.

      And of course, home prices and college tuition are soaring even as wages stumble along in neutral.

      With that in mind, if you're a 20- or 30-something looking to purchase your first home in Boston, you'll want to consult a professional at Group Boston Real Estate. We can help you find a neighborhood that suits your needs, a home that fits your criteria, and fit all of that in a budget that won't break the bank.

       

      Add Comment

      Do not fill in this field:

      Comments are moderated. Please be patient if your comment does not appear immediately. Thank you.

      Comments

      1. No comments. Be the first to comment.