Current Market Data
Homebuyers want to live in a nice neighborhood, and when homebuyers have a child, “nice neighborhood” translates to “wherever the good schools are.” Thanks to Niche, providing that information to clients is now easier than ever for agents. In
December was a modest month for contract signings, according to NAR Pending home sales were mostly unchanged in December, but inched forward slightly, fueled by a large increase in the Northeast that outpaced declines in the other three major
First-time homebuyers have been MIA for some time – are they poised for a comeback? The National Association of Realtors reported late last week that first-time homebuyers accounted for 32 percent of existing-home sales in December, which was up
National distressed sales – including real-estate owned (REO) and short sales – fell 1.9 percentage points in November 2015, pushing the distressed share of total sales to its lowest November point since 2007, according to a new report from
The latest Case-Shiller Indices offered numerable insights into the nation’s housing market Home price growth continues to moderate in the Boston housing market, according to the latest Case-Shiller Home Price Indices from Standard & Poor’s. The latest numbers, which track
Home prices have been on a tear for the past couple years, and new homebuyers trying to enter the market have noticed it becoming pricier to not just buy a house, but even put a down payment on a
Boston’s affordability continues to pose a problem Boston has the highest rate of economic inequality in the nation, according to a new Brookings Institution study. Boston households that earned more than 95 percent of other households made $266,224 in income in
In December, existing-home sales re-found their footing, making up for the misstep in November. What did we learn? TRID was the cause of November’s slip, but it’s not a problem anymore. “Closing time metrics are showing minor effects of TRID,”
Compared to a few years ago, the lending market is doing quite well. In fact, some institutions believe the progress of recovery is such that the market will be fully recovered by the end of this year. Now if
After years of heavy reliance on FICO scores, some lenders are now saying FICO’s view is too narrow, focusing too much on past behavior and not enough on consumers’ present circumstances. Alternative scoring systems have become a viable option,
How did the 2015 housing market take shape in Boston? The Greater Boston Association of Realtors (GBAR) released its final stats on the 2015 housing market, and unsurprisingly, the association’s numbers hold many insights on where the market is
New research finds that millionaire ranks grew strongly in 2015 There were more than 133,000 millionaire households in the Greater Boston area through the middle of 2015, up 3.1 percent from the same period in 2014. Millionaire households now account for 7.2 percent of
What will the new construction marketplace look like in 2016? The Census Bureau released its latest report on new construction this morning, and as usual, the agency’s analysis had far-reaching implications on where the new construction markets are heading in
Builder’s are confident, and that bodes well for housing in the New Year Builders are starting out 2016 on confident footing, and that spells promising things for the year’s housing market. That was the central finding in the National Association
Higher interest rates may not be that big of a threat to housing’s future, after all With interest rates seeing their first increase since 2008, there is concern that the hike will harm the housing market either through harming
More underemployed college graduates work in the office sector than service One of the common beliefs about the current job market is the underemployed college graduate being forced to work as a barista, or another form of unskilled labor for