Current Market Data

What Luxury Buyers Want in a Home

The nation’s wealthiest 1.5 percent have a distinct set of features that they look for in a new home, according to a new Coldwell Banker Previews International and Ipsos Connect survey. The following features rated highly among luxury buyers:

The 10 Least Affordable Neighborhoods in Boston

Where is the affordability problem particularly pronounced in the city of Boston? Affordability is a common topic in Boston real estate circles, and for good reason. Whether it be new construction, modern living preferences or escalating demand, housing in Boston

Residential Construction in Boston Posting Big 2015 Gains

As 2015 draws to a close, how has residential construction activity in Greater Boston compared with the previous year? Residential construction spending in Greater Boston totaled $309 million in September, according to new Dodge Data & Analytics numbers. That is 48 percent higher than

Half of Boston Renters Cost Burdened 

For nearly a decade, the nation’s homeownership rate has been in decline. Since 2004, when homeownership peaked at 69 percent, the rate has fallen nearly 6 percentage points down to 63.7 percent in the first quarter of 2015, according

Pending Home Sales Decline for Second Straight Month

Housing continues to slow in 2015 Pending home sales were down 2.3 percent from August to September, according to the latest report from the National Association of Realtors. Closing out the month at 106.8, the Pending Home Sales Index

Why are Builders Constructing So Few Homes?

Single-family home starts are far below the long-term median – why? Builder confidence has posted repeated year-over-year gains in recent months, but the amount of single-family housing starts is not rising to match their confidence, according to a report by The Wall

3 Big Obstacles to the Housing Recovery

Do these economic trends pose problems for housing’s future? America’s housing market is at a crossroads. In addition to the usual real estate entities that impact its progress – Realtor associations, homebuilders, lending institutions – housing is also privy to the wider

Boston’s Condos Appreciating Faster Than Single Family

After years of battling against the popularity of single-family homes, the demand for condos is gaining around many of the nation’s hottest metros, a new report from Zillow showed. Year-over-year, the nation’s condo prices have risen at a rate of

Census Bureau: New Home Sales Disappoint in September

New home sales were down last month, but what about 2015 overall? Autumn has been a lackluster season thus far for new home sales, which rose 2.0 percent month-to-month but fell 11.5 percent year-over-year in September, ending the month at a seasonally adjusted

CoreLogic: Boston Cash Sales Fall Below 20%

Cash sales dropped ever closer to the pre-crisis norm of 25 percent in July, falling from 34.2 percent 12 months earlier to 30.8 percent, according to a new report from CoreLogic. With traditional financing becoming a more realistic option

Case-Shiller: Boston Home Prices Rising Solidly

Home prices in Boston have risen steadily, albeit in line with the national averages Home prices in the Boston metro area rose 0.4 percent monthly and 4.6 percent year-over-year in August, according to the new Case-Shiller Home Price Indices from Standard & Poor’s.

4 Omens for Boston’s Housing Market

New numbers are out for Greater Boston’s housing market – is the news good or bad? “The third quarter of 2015 has ticked its last tock with the hands pointing firmly upon a reliable clock of a market.” So

How Lagging Economic Optimism Impacts Housing

The economy on a whole may be doing better, but most Americans are not directly experiencing those gains The unemployment rate is currently 5.1 percent, down substantially from where it was five years ago. Since bottoming in March 2009, the

Apartment Construction Drives Market in 2015

Without the surging apartment sector, where would new construction be in 2015? Housing starts in September were up 6.5 percent from August and 17.5 percent from Sept. 2014 to a seasonally adjusted annual rate of 1.026 million, which is the

BoA Survey: Millennials Confident, Yet Stressed About Money

According to the new Better Money Habits Millennial Report from Bank of America, while 84 percent of Millennials are self-reliant when it comes to managing their own finances, 41 percent are constantly stressed about money. Moreover, the report found that money stress

Builder Confidence Hits Highest Level in 10 Years

Builders are now more confident than at anytime since the housing boom Builder confidence in the market for newly constructed single-family homes rose three points in October to a level of 64 on the National Association of Home Builders/Wells

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