Current Market Data
Boston’s issues with housing affordability are well known, but the following charts are still eye opening. We’ve been reporting on Boston’s housing affordability crisis with fair regularity, and for good reason – the higher Boston’s home prices soar, the
A new CoreLogic study details the fall of cash sale shares across the country. A home is a good investment, but a normalizing market has somewhat thinned out the opportunities to make quick, high yield sales, and as a
Sure, home prices are rising, but is that really a good thing, other economic indicators considering? Home prices have grown faster than wages in 76 percent of U.S. housing markets in the last two years, and Boston – where home
New economic research suggests a very good reason for why the housing recovery has been so tepid. Interest rates remain at historic lows. Rising rents have rendered mortgages as much as 50 percent cheaper in some spots in the country.
Moderate home price gains in February suggest the market may be stabilizing. Home prices continued their strong ascent in February, according to CoreLogic’s newest Home Price Index. Including distressed sales, home prices climbed 5.6 percent from the same time
Did job growth slow in March, or continue on its strong, steady path? The Labor Department announced earlier today that the U.S. economy added 126,000 jobs in March, which not only ends a 12-month streak of 200,000-plus jobs added,
It’s been common knowledge that Boston’s rental market is on fire, but is that narrative slowly changing? For some time now, the rental narrative has been one as commonly told as that of low mortgage rates. Rents, spurred on by surging
What communities in the Boston area are seeing the most condo sales? Last week, we took a detailed look at the top-selling single-family communities in the Boston area, and now we’re back with a similarly nuanced look at the
A new study from Logwood University attempts explains the relationship between an agent’s effort and the property’s location. A new study from Logwood University in Farmville, Va. is emphasizing the importance location plays in the home selling process, but not
Could sky-high rents be the final push Millennials need to buy a house? Record-low home prices and historically low mortgage rates have not been enough to entice Millennials to buy homes, but now analysts have struck on another economic
Home prices in Boston are growing, albeit at a moderate rate. Boston home prices posted moderate numbers in the latest Case-Shiller Home Price Indices, which looked at data from Dec. 2014 to Jan. 2015. From December to January, Boston prices were up 0.4 percent,
A new survey from Redfin shows a shift in how consumers are approaching the agent selection process. It’s a new world in the wake of the financial crisis, a new survey from Redfin shows, one where tethers to quality have
Pending home sales are at their highest mark in nearly two years, and all because of one thing. Pending home sales in February rose to their highest mark since June 2013, according to the latest Pending Home Sales Index
Housing affordability is a major problem, and new research has added an additional wrinkle to the crisis. Housing affordability (especially in the new home market) may be worsening nationwide, but it has nothing on the affordability squeeze facing renters
Blame it on the snow! February was a brutal month for Boston’s housing inventory The great inventory death spiral continued in Boston’s housing market in February, with inventory in both the single-family and condo markets boasting double-digit declines, according
What was the deal with our local new construction marketplace last month? February proved a remarkable month for residential new construction in the Boston area, according to new numbers from Dodge Data & Analytics. For the month, residential construction in Boston totaled