Current Market Data

4 Key Trends in New Construction Today

New home sales were up in August, but is that a sign of a strengthening market? In August, new home sales rose 5.7 percent month-to-month and 21.6 percent year-over-year to a seasonally adjusted annual rate of 552,000, according to

Homebuyers Worried About Affordability, Not Interest Rates

An interest rate hike is not a concern to buyers Buyers are more concerned about affordability, competition and inventory than an interest rate hike, according to a Redfin survey of 3,577 buyers done in late July. Only 5 percent of the

Hispanic Women Becoming Powerful Housing Demographic

For decades, white buyers have largely dictated the direction of the housing industry. That may soon change, though, as a recent survey from Better Homes and Gardens Real Estate and the National Association of Hispanic Real Estate Professionals found

Housing Cost Burdens Will Only Worsen Over Next Decade

One in four renters is severely rent burdened Based on current trends of rent gains outpacing incomes, the number of severely burdened renters could increase by up to 25 percent by 2025, according to a study published by the Joint

Boston Home Sales Jolt to Life

Building on a strong July, home sales in the Greater Boston housing market showed considerable activity in August, with the month’s 1,720 single-family sales representing a 13.5 percent increase from a year ago. Pending sales, according to further research

Existing-Home Sales Slow in August

Market slows in an expected drop as summer comes to a close After three straight months of gains, existing-home sales dipped in August, despite slowing price growth and a positive turnaround in the share of sales to first-time buyers,

The Federal Reserve Punts on Raising Interest Rates

Interest rates are staying right where they are…for the time being. And so the speculation continues for another month. After weeks of outside editorial, predictions and warnings, the Federal Reserve announced today that it will leave interest rates at their

What Kinds of Homes can Certain College Grads Afford?

Recent grads may fear buying a home because they are stressed from student loans and starting their lives. Some grads’ professions, though, will make them more prepared to purchase a home than others, and Realtor.com has put together a list

CoreLogic: Negative Equity in Single Digits in Massachusetts

Since last year, more than one million homes have found their way out of negative equity, a report from CoreLogic revealed. Since the second quarter of 2014, when 5.4 million homes, or 10.9 percent of all residential mortgages, were underwater, strong

Next Recession Predicted for 2018

A new survey from Bloomberg Business anticipates that the next recession will occur in 2018. The survey was taken from a median average of 3o economists. They report that there is a 10 percent chance of a  recession headed in

22 Subcontractors Needed to Build the Average Home

According to a new National Association of Home Builders study, 70 percent of builders generally use between 11 and 30 subcontractors to build one single-family home. On average, a typical builder would use 22 subcontractors to build a house. Here is

The Best Day to Buy a House is Fast Approaching

New research from RealtyTrac has found that Oct. 8 is the best day to buy a house in Boston; according to the data, average buyers on that day see a 38 percent discount below estimated market value. Nationwide, Oct. 8 was the best day

Market Share of 5,000+ Square-Foot Homes Increases

In 2014, the share of new homes with 5,000-plus square feet rose to a post-recession peak of 3.75 percent of new homes started, or 24,000 units, according to the Census Bureau’s Survey of Construction. Back in 2006, the new construction boom

CoreLogic: Massachusetts Still Gaining Foreclosures

Foreclosures continued losing market share in July, as inventory declined 27.9 percent from the same time last year, with completed foreclosures dropping 24.4 percent, according to CoreLogic’s latest report. Foreclosure inventory represented 1.2 percent of all mortgaged homes in

Building a Better Boston: 3 Ways the City is Changing

Boston is changing. With shifting demographics, a more conglomerated metropolitan area and the impending effects of climate change on a coastal city, influencers in Massachusetts’ capitol are dictating plans to transform the metro to better reflect its contemporary makeup.

CoreLogic: Foreclosures Mar Boston Home Price Gains

Home prices were up again in July, according to a new report from CoreLogic. Year-over-year, home prices, including distressed sales, jumped 6.9 percent nationwide, while excluding distressed prices increased 6.7 percent. The price increases reflect an overall strengthening of

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