analyst

7 Boston Developments You Should Be Watching

Its no secret that the Boston real estate market is booming – particularly in the new construction sector. Here are seven projects to keep an eye on!

 

Housing Starts Hit Nine Year High

The U.S. housing market continues to rebound with single-family homes inching up 7.2 percent, the highest level since November 2007. In February, builders started production on 1,178,000 homes, a 5.2 percent increase over January and a 30.9 percent increase from February 2015. Single-family home completions also increased, rising 6.1 percent to 736,000 annualized rate, the highest since November 2008.

?

The Millennial Homebuyer Affordability Crisis

As millenials flock to major cities for professional opportunities, it seems their chances of being able to buy a home are slimmer than they realize. While nearly 80 percent of millennial homebuyers say they plan on purchasing a home someday, more than 40 percent have not started saving for a down payment.

 

Sales of Existing-Homes Rebound

 

February saw the rallying of existing-home sales, with a bounce back from the initial lull at the start of the year, with the National Association of REALTORS® (NAR) reporting that sales increased to 5.54 million, an increase of 3 [...]