Relentless supply constraints and home price growth outpacing wages are testing the patience of homebuyers this year, but existing-home sales are still on track to come in at their highest pace since 2006, according to an economic forecast forum at the 2016 Realtors® Legislative Meetings & Trade Expo.
Among the topics addressed were: the growing burden repaying student loan debt is having on young adults, the housing market and the overall U.S. economy.
The Greater Boston housing market exhibited significant growth this August, with the month’s 1,720 single-family sales representing a 13.5 percent increase from a year ago.
Furthermore, with 1,302 contracts signed in August pending sales were up 30.9 percent. This denotes at least another month of strong sales [...]
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As a result of the recovering economy and the Federal Reserve stimulus program that created an artificial cap, mortgage rates will inevitably rise. As this shift happens, homeowners who would usually consider selling their current homes to buy new homes actually hold onto them in order to keep their historically low mortgage rates, rather [...]
First impressions mean everything, and when prospective buyers or realtors take their first look at your home, they'll immediately study your home's facade and front lawn. While an overhaul such as new siding can cost thousands, there are plenty of budget-friendly ways to improve the look of your home.
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