Current Market Data

Lion Share of New Construction in Boston Affordable Only For Affluent Consumers

The single-family home market for new construction has trended towards affluence, and so has the rental market. The last couple months, we’ve been reporting with regularity on how our nation’s issues with inequality have manifested themselves in new construction,

Negative Equity Remains Problem in Boston’s Lower Price Points

Sure, negative equity has improved overall, but what of properties on the lower-end of price spectrum? Though 9.8 percent of mortgage properties in the Boston area remain in negative equity, that pales in comparison to the 16.7 percent of properties in the metro

The Big Problem Facing Boston’s Housing Market

The key word in addressing Boston’s housing ills is “imbalance.” Call it a problem of “too much of a good thing.” It’s no mystery that Boston is in the throes of an all-out affordability crisis, one that has the

CoreLogic: Equity Returns to Boston, Beats Nation

Homeowners are benefiting from rising home prices that improve equity, but that doesn’t mean negative equity still isn’t a problem. Equity continued building in the fourth quarter of 2014, CoreLogic’s newest report concluded, showing that by year’s end, 1.2

Builder Confidence Hits Eight-Month Low in March

Homebuilders are feeling a little less confident this month. A key measure of builder confidence declined this month, with the Housing Market Index (HMI) dropping two points to a level of 53. Released monthly by the NAHB, the HMI tracks

New Construction in February Plunges on Weak Multifamily Activity

The latest construction report looks bad, but as usual, there’s more than meets the eye. The numbers do not warm the heart – last month, housing starts were down 17 percent from January and 3.3 percent from Feb. 2014,

The Millennial Mind: Frugal, Inquisitive and Ready to Buy

Ninety-two million Millennials represent the largest living generation and the future of homebuying. Millennials, while not the most active buyers and sellers, are real estate’s most important demographic, and for one reason in particular: there are so many of them.

Consumers Demand More From Lenders

TD Bank survey shows what clients want: more information. In the wake of the rebuilding year of 2014, the market, while still in recovery, has been cast in a distinctly more appealing light, as consumers are once again eager

Homeownership Rate Fell to 20-Year Low in 2014, Worse For Younger Americans

Everyone has seen the various reports that the U.S. homeownership rate has fallen in recent years, but how much as it really declined? To find out, we took a deep dive into the Census Bureau’s data on the matter,

Why Housing Affordability is More Complicated Than You Think

You may think you understand housing affordability, but chances are you’re relying on limited measurements. How affordable is Boston’s housing market? The answer to that question is more complicated than meets the eye, and it suggests some very interesting things

Massachusetts Cash Sales Near Pre-Crisis Levels 

A new report from CoreLogic highlights improvements to the nation’s share of all cash sales. Unfortunately, it’s still high. It’s a new housing market in 2015. Policies are shifting, new legislation is being written, and in an eddying whirl

4 Reasons You Should Doubt the ‘Official’ Unemployment Rate

Sure, unemployment has been falling, but the way we measure unemployment is riddled with problems Last week, we reported that the U.S. unemployment rate fell to 5.5 percent in February, the lowest it’s been in nearly seven years. News

CoreLogic: Massachusetts Foreclosures Remain Flat

The nation is healing, and as a result foreclosure inventories are thinning out across the nation. How did our city do? Foreclosure numbers responded positively to a healing economy in January, dropping significantly, CoreLogic’s National Foreclosure Report revealed. Total

Come to Boston for Jobs, Not Affordability

Zillow compares employment and income growth to determine the best markets to be in right now. How did our city do? The nuances discerning a good economy from a bad one are plenty and complicated, but for a brief

5 Must-Know Details About the Latest Jobs Report

There were several aspects of the new jobs report that real estate agents should be aware of. The government released its latest jobs report earlier today, and as with past reports, there was a subtle mixture of highly positive and slightly

When it Comes to Homes, Bigger is Definitely Better in America

Americans love big houses, and that’s true across generational and economic lines. Only 40 percent of Americans are living in their ideal home size, and 43 percent wish they were living in a home that is somewhat or significantly larger.

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