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 [...]
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.
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 [...]
In October, pending home sales have picked up steam, showing a 3.5 percent increase in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI), which posted 109.3 in October, an improvement from 105.6 in September, based on contract [...]
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.
Environmentally friendly homes are becoming less of a niche as the NAHB says they will make up half of the business of builders in five years.
In the 2015 American Consumer Survey by the U.S. Census Bureau, Massachusetts was found to be the second most valuable state to buy a home in. Why’s that? Location, location, location!
European, New Zealand, Chinese, and Canadian housing markets are finally surging after years of being in a slump. The international market is growing faster than the United States where the market has been hot. Investors seem to be sticking to equities that invest in the U.S. residential market at a time [...]
Click Title for Full Article
According to the recent account by S&P CoreLogic Case-Shiller Indices, home prices are experiencing a hot streak. In January they reached a 31-month high, indicating a great increase for month-over-month as well as year-over-year.
Click Title for Full Article
Boston’s socioeconomic polarization is drastic, even despite minor improvements in recent years according to a new report from the Metropolitan Area Planning Council.
Click Title for Full Article