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.