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Blog :: 2018

Castles Unlimited Blog

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Realtor Study Finds First-Time Home Buyers Able to Gain Some Footing in MA as Home Prices Reached Record Highs in 2017!

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.

HOME SALES IN 2018 ARE SOARING

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. 

GOOD NEWS FOR BOSTON/MASSACHUSETTS REAL ESTATE MARKETS!

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.

102-Unit Housing Community in Lawrence Finally Gets Financing

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 [...]

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