New housing construction blew expectations away this January, with—according to the US Census Bureau and the Department of Housing and Urban Development—home-building up 9.7 percent, with 1,326,000 homes starting construction at the beginning of the [...]
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Realtor Study Finds First-Time Home Buyers Able to Gain Some Footing in Massachusetts as Home Prices Reached Record Highs in 2017
The number of first-time homebuyers in Massachusetts last year rose to 42% in 2017 despite record high home prices and dwindling inventory, according to the 2017 Massachusetts Profile of Home Buyers and Sellers. This increase is up from a record low of 35% in 2016. First-time buyers made up 34% of all home buyers nationally, setting Massachusetts above the national level despite ongoing market conditions in the Commonwealth that usually make the home buying process difficult for first-time homebuyers.
The 2018 housing market is soaring.
Confidence in housing is breaking new records, soaring in January in the Fannie Mae Home Purchase Sentiment Index® (HPSI). The HPSI overall posted 89.5 in January, 3.7 percentage points higher than the month prior and 6.8 percentage points higher than the year prior.
Boston Real Estate Market in 2018
The housing market in Metro Boston is back on track and looking healthy for 2018. A number of factors are driving this recent growth. The prediction is that prices will rise in 2018 as they will in most of the U.S. housing market.
The reason for the unusual late season surge is due to a big pent up demand from homebuyers and plenty of foreign real estate investors. Low mortgage rates, a strong economy, and the inventory of homes for sale is bolstering sales.
Massachusetts edged out Minnesota as the best state to raise a family, according to a study conducted by WalletHub.
The personal finance website looked at five key categories — family fun, health and safety, education and child care, affordability, and socio-economics — using 42 metrics.
Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending January 26, 2018.
The MBA reported mortgage interest rates for 30-year fixed-rate mortgages with conforming loan balances ($424,100 or less) increased from last week’s 4.36% to 4.41%, the highest level since March 2017.
Stay up to date with our Castles Unlimited blog on the 5 Real Estate upcoming technologies for 2018
This week, MassHousing closed on $17.1 million in financing for the construction of a new, 102-unit, affordable housing community in Lawrence.
Trinity Financial, Inc., the company whose affiliate was financed by MassHousing, will turn the former Van Brodie Mill into the new mixed-income community near the border of Methuen. The reuse [...]
Centrally located in Downtown Framingham! Great commercial opportunity near train station!
Beautiful updated one bedroom in the sought after community of Sargent Estates located in Brookline Village!
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