Home Prices Accelerate for The First Time in a Year.

Boston is an expensive city to buy a house. Anyone who has ever tried to buy in the Boston area knows about the bidding wars and heavy competition to become a homeowner. Fortunately for sellers, the Boston area housing market has been heated and growing steadily more heated over the past few years. However, buyers may soon be catching a break according to new reports show that home prices in the region showed the first signs of cooling off in October—the volume of sales slowed, as the number of properties for sale increased.

According to a new residential sales report released Wednesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, residential home sales rose 3.5 percent in August– a better-than-expected turnout, signifying a healthy economy and a strong market.

 

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 [...]

 

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 August 2017, the Federal Housing Finance Agency (FHFA) reported an increase of home prices by 0.7 percent. In their recently released House Price Index (HPI), it was shown that homes with Fannie Mae- or Freddie Mac-backed mortgages were up 6.6 [...]

New study shows: You see better results when you use real estate agents to sell your home. 

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2017 kick starts after a slow December month in 2016 with a spike of 3.3 percentage points for the National Association of Realtors (NAR) existing-home sales. From 5.51 million to 5.69 million seasonally adjusted annual rate (SAAR), January launches a strong start to the new year.

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The most affordable neighborhoods ranked by their 10 least expensive market-rate homes for sale.

A breakdown of home prices per square footage per neighborhood. A waterfront property in Boston right now is going for the same price as some properties in major hubs such as London and New York.