Current Market Data

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

Boston New Construction Posting Triple Digit Gains in 2015

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

Fall of Chinese Stock Market Leads to Lower Mortgage Rates

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

3 Important Trends in New Construction in 2015

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

Boston Home Prices Strengthen in Case-Shiller Indices

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

Housing Inventory Never Rises in Greater Boston

Falling inventory, rising prices, shrinking affordability – the same old in Boston’s housing market Just as it never seems to rain in California, housing inventory never seems to increase in the Greater Boston market. According to the latest numbers

Boston 7th Most-Segregated Metro Area in U.S.

A new study has found Beantown ranks high in housing segregation Greater Boston is the seventh most segregated metropolitan area in the United States, according to a new study by 24/7 Wall St. Just over 40 percent of Greater Boston’s population

Melrose’s 02176 ZIP Code the Hottest in the Nation

A new realtor.com study finds that the 90210 ZIP code is actually not No. 1 The north suburban Boston 02176 ZIP code of Melrose is the hottest in the nation, according to a new analysis by realtor.com. The “Combined

Residential Real Estate Brokerages Expecting More Money

During the economic downturn, the real estate industry floundered and thousands lost their jobs. But improvements have been made, and the industry is healing, which means the money is returning. By 2016, more than two-thirds of residential real estate

Boston Home to Nation’s No. 2 Construction Market in 2015

Only one housing market has seen greater new construction growth in 2015 than Boston Boston has 2015’s No. 2 new construction marketplace, according to new research from Trulia. Trulia’s analysis, which compared permit activity in the nation’s metro areas to their

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