market trends

Pending Home Sales Reach Highest Level in Seven Months

Pending home sales rose to their highest level this February, and remain higher than a year ago according to the National Association of REALTORS?. Led by a sizeable increase in the Midwest, all major regions except for the Northeast saw an increase in contract activity.

Although the Pending Home Sales index, a forward-looing indication based on contract signings, has now increased year-over-year for 18 consecutive months, last month?s gain was the smallest.

Jamaica Plain, Davis Square and Allston/Brighton Ranked Boston's Coolest Neighborhoods

According to a recent report from commercial real estate brokerage Cushman & Wakfield, Jamaica Plain, Davis Square and Allston//Brighton are the coolest Boston area enclaves.

Blooming Home Sales After April Showers

Existing-home sales have bloomed after the April showers, with the median days on the market at a new low and the median sales prices at a new high.

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Inventory Relief is Forecasted for 2018

 

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 [...]

Mortgage Rates Starting to Lower

 

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 [...]

Hot Opportunities in Colder Climates

 

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 [...]