Current Market Data
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
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,
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
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
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
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
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
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
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
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
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.
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
Residential construction spending in the Boston area was up 117.7 percent year-over-year in July, and so far in 2015 is 42 percent ahead of where it was last year. Those stats came courtesy of the latest Dodge Data & Analytics report, a monthly
Average fixed mortgage rates in the U.S. have fallen to their lowest levels since May of this year amid substantial and ongoing global volatility out of China, according to Freddie Mac’s Primary Mortgage Market Survey. The average 30-year fixed rate mortgage dropped
The latest new home sales stats from the U.S. Census Bureau show many things are at work in the new construction marketplace According to the latest new construction report from the U.S. Census Bureau, new home sales in July
Home prices continue to rise nationally, but what about the local housing market? Home prices in the Boston metro area rose 1.5 percent from May to June and 3.3 percent from June 2014, according to the new Case-Shiller Home Price Indices from Standard