Current Market Data
Boston’s affordability continues to pose a problem Boston has the highest rate of economic inequality in the nation, according to a new Brookings Institution study. Boston households that earned more than 95 percent of other households made $266,224 in income in
In December, existing-home sales re-found their footing, making up for the misstep in November. What did we learn? TRID was the cause of November’s slip, but it’s not a problem anymore. “Closing time metrics are showing minor effects of TRID,”
Compared to a few years ago, the lending market is doing quite well. In fact, some institutions believe the progress of recovery is such that the market will be fully recovered by the end of this year. Now if
After years of heavy reliance on FICO scores, some lenders are now saying FICO’s view is too narrow, focusing too much on past behavior and not enough on consumers’ present circumstances. Alternative scoring systems have become a viable option,
How did the 2015 housing market take shape in Boston? The Greater Boston Association of Realtors (GBAR) released its final stats on the 2015 housing market, and unsurprisingly, the association’s numbers hold many insights on where the market is
New research finds that millionaire ranks grew strongly in 2015 There were more than 133,000 millionaire households in the Greater Boston area through the middle of 2015, up 3.1 percent from the same period in 2014. Millionaire households now account for 7.2 percent of
What will the new construction marketplace look like in 2016? The Census Bureau released its latest report on new construction this morning, and as usual, the agency’s analysis had far-reaching implications on where the new construction markets are heading in
Builder’s are confident, and that bodes well for housing in the New Year Builders are starting out 2016 on confident footing, and that spells promising things for the year’s housing market. That was the central finding in the National Association
Higher interest rates may not be that big of a threat to housing’s future, after all With interest rates seeing their first increase since 2008, there is concern that the hike will harm the housing market either through harming
More underemployed college graduates work in the office sector than service One of the common beliefs about the current job market is the underemployed college graduate being forced to work as a barista, or another form of unskilled labor for
Why has homebuying among single female consumers declined in recent years? During the mid and late stages of the housing boom, one of the more commonly reported success stories was that of the single female homebuyer. As tracked by
The 2015 job market finished out the year on a high note The economy added 292,000 jobs in December, while the unemployment rate held steady at 5.0 percent, according to the latest report from the Bureau of Labor Statistics.
Some Americans think 2016 will offer more of the same for housing Earlier this week, we reported on a new realtor.com study, which featured a largely positive list of trends that will change heading into 2016. Trulia published their own survey of
How did the local rent markets close out the year? The Boston rental market finished 2015 on active terrain, according to new analysis from Reis. For the 12-month period ending in December, Boston rents rose 5.5 percent, more than the 4.6 percent national
“Green” and energy-efficient features remain important to homebuyers, though some options are more sought-after than others. That finding came courtesy of NAR’s 2015 Profile of Home Buyers and Sellers, and to parse through the results, we put together the
Since 2014, home prices have been in what CoreLogic Chief Economist Frank Nothaft recently described as a “sweet spot,” consecutively rising between 5 and 6 percent for 15 months. According to the research group’s newest report, home prices rose
