Current Market Data

Boston residential construction is booming in 2016

This year is shaping up to be a hugely positive one for residential construction in Greater Boston, according to the latest numbers from Dodge Data & Analytics. In February, residential construction spending in Greater Boston totaled $195 million, a

Why your clients are both confused and confident about the market

The consumer equation is messy – expectations are up, attitudes towards the current market are down, and overall, confidence is on the rise, according to The Conference Board’s March Consumer Confidence Index. Using 1985 as the index’s baseline, where

Construction jobs flourish – will new construction follow?

Construction employment was up across the nation in the early months of 2016, according to the Associated General Contractors of America – a good sign for the industry , which currently suffers from labor and inventory shortages.So, if you

How to sell bikeability: the unexpected benefit for buyers

Urban buyers today would have hated the 1950s. In the Urban Land Institute’s “America in 2015” report, a survey of U.S. residents found that approximately half considered “walkability” a top or high priority when determining where to live. But

Record-setting Boston home values: good for sellers, bad for buyers

Home values in the Greater Boston area have reached an all-time high, according to a new analysis from Zillow. Through February, home prices in Boston were $387,400, according to the Zillow Real Estate Market Reports. That is up 5.9 percent

First-time homebuyers battle low inventory

It’s getting harder for first-time homebuyers to find suitable starter homes The Greater Boston housing market has become an increasingly precarious place for first-time homebuyers, according to a detailed new report from Trulia. In a deep analysis of the nation’s

Cash sales best since 2008

In 2015, cash sales made up 33.9 percent of all residential real estate transactions, according to a new report from CoreLogic. That’s the lowest level since 2008. About midway through 2007, when the crash was becoming too apparent to

New NAREB initiative to boost African American homeownership

NAREB seeks to address barriers on both the borrowing and lending side of homeownership The National Association of Real Estate Brokers (NAREB) plans to launch a nationwide wealth building and  homeownership initiative focused on African Americans. The initiative has a goal

Why Millennials may leave the city after all

Cities may see less Millennials moving in going forward, thanks to shifting demographic trends as the generation grows older, according to a new CityLab report. The report, which covered a talk by USC urban planning professor Dowell Myers, argued

The 5 things you need to know about Boston’s crazy market

How is the 2016 housing market taking shape in Boston? The Greater Boston housing market is a place of very positive highs and very negative lows, a varied arena that simultaneously accommodates every point on the housing spectrum. That

Why more Baby Boomers are choosing renting over buying

In mid January, a small cadre of consultants from research group John Burns Real Estate Consulting attended the National Multifamily Housing Conference, looking for evidence of future trends in housing. They found one, and it involves the possible decline of

Why Boston is the Nation’s Hottest Millennial Market

Greater Boston has the best Millennial housing market in the country, according to a new analysis from LendingTree. Per LendingTree’s numbers, 52.46 percent of purchase requests in Greater Boston come from Millennials, with the average age of the buyers being 28 years; that market

Hispanics will Drive Housing’s Future. Here’s Why

New research reaffirms how important Hispanic consumers are for the future of housing in America The numbers speak for themselves: in 2015, the number of Hispanic-owner households saw a net increase of 245,000, accounting for 69 percent of the total

3 Shocking Facts on Inequality in Boston – and How it Harms Housing

Just how unaffordable is Boston for average city residents? Boston’s affordability issues have been well documented, but a new analysis by the Boston Redevelopment Authority has raised awareness on just how unaffordable Boston truly is. We’ve taken a look at the

Are Boston “Bargains” Really Bargains?

Homebuyers are shoppers like any other, which means that certain words appeal to them more than others: “deal,” “affordable” …and “bargain.” But not every sale is a deal; not every home is affordable; and according to a report from

Why Foreign Buyers are Losing Their Love for American Real Estate

A strong dollar and rising home prices leave foreign investors cold on buying in the U.S. The post-boom U.S. housing market has benefitted immensely from foreign consumer demand. According to the National Association of Realtors, foreign homebuyers accounted for 209,000

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