New-home sales in March took off, with an increase of 4 percent to 694,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-homes sales price was $369,900, with the inventory at 301,000—a 5.2-months [...]
For the second time this year, existing-home sales have strengthened, building on the gains in February, as reported by the National Association of REALTORS® (NAR). March saw an increase of 1.1 percent to 5.6 million, and inventory has seen increased of 5.7 percent up to 1.67 [...]
As temperatures get hotter, so does the housing market, with price increases totaling 8 percent year-over-year, according to a realtor.com® report. This March climb has sent the median list price from $275,000 in July 2017 to [...]
With the coming of spring, so comes the busy buying and selling season in the housing market. The market is seeing developments across the country of low inventory and rising [...]
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.
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 [...]
The housing market has an impressive 2017 year, as another $2 trillion was added, bringing the collective total to $31.8 trillion, according to a recent report by a major real estate company. Home values last year increased 6.5 percent and at the fastest pace since [...]
According to a jobs report by the US Economy, 148,000 jobs were added in the month of December, with a stagnant unemployment rate of 4.1 percent. Average hourly wages inched to a nine cent increase, to [...]
Looking for an investment rental? New findings of HouseCanary—a provider of predictive real estate analytics and insights—suggests that the best deals are to be found in the cooler markets. At this time of year when activity is declining, investors are revealed to likely have better opportunities in markets with lower temperatures. In [...]
This week has seen a decrease in mortgage rates with the 30-year, fixed rate averaging 3.0%, down .02% from last week, according to the Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac. The 15-year, fixed rate is down from 3.32% to 3.30% as [...]
It’s no secret to brokers that the housing market has seen some short supply. The National Association of REALTORS® (NAR) recently reported a down of 10.4% from last year in the national inventory for pre-owned properties, but according to realtor.com® 2018 National Housing Forecast, groundbreaking is projected to increase to up to 3 [...]
Real estate market sees increased home buying during the holiday months.
Luxury home prices across the globe continue to rise.
In the latest S&P CoreLogic/Case-Shiller Indices, home prices are reporting growth of up to 6.1% year-over-year in August, up from 5.9% in July. With the economy growing at a lesser pace, this was unforeseen.