Current Market Data
The past few months, we’ve reported on the many thorny issues facing Millennials – that their wages in many industries have plummeted in recent years; that their savings rate is negative; that they have pushed roommate rates up to
Boston continued to follow the pack in the latest Case-Shiller Home Price Index. Home prices in the Boston metro area put up mixed numbers in the latest Case-Shiller Home Price Indices, falling 0.2 percent from November to December but rising 3.8 percent from Dec. 2013. It
In a recent article on new construction, we reported that the multifamily share of total construction had risen from 17.2 percent of the market in Jan. 2002 to 35.1 percent of the market in Jan. 2014. Such a striking
Boston’s housing market did not quite begin 2015 with a bang. Home sales in the Boston area were down 8.5 year-over-year in January, according to the latest analysis from the Greater Boston Association of Realtors. Of course, that was
Agents are working hard to make 2015 a profitable year, but low inventories are keeping sales slow. January marked the start of a new year, but it was hardly the hit the ground running beginning the market was hoping
Whenever you see a report on America’s evaporating middle class, you should think about the implications for housing. Homeownership is a defining symbol of American middle class life; indeed, the quintessential image of a single-family detached house, complete with
Builder confidence is far above the rate of new construction; what gives? Here’s an interesting nuance to the housing recovery: the Housing Market Index, which tracks builder confidence, dropped a couple points from January to February, finishing at 55;
Just how dramatic has housing shifted towards rentals, in the last seven years? Sixty percent of Boston residents now live in rental housing, up from 55 percent in 2006; as if that weren’t enough, the renter population in Boston is up 23 percent in
Why are mortgage rates still so low? Allow us to count the ways. Average rates for the 30-year FRM may have ticked up last week, but they remain at their lowest point since May 2013. What’s behind the low stature
What Boston-area housing markets have seen median prices rise the most? The Boston area contains some of the most competitively priced housing markets in Massachusetts, but what areas have seen median sales prices rise the most since 2005? To
It was the same old story in January, with multifamily construction leading the way. Another year, another setting for multifamily dominance in residential construction. That was the central lesson from the Census Bureau’s latest report, which found multifamily permits, starts
A new study from the Federal Reserve brings more evidence to the table on the damaging economic effects of high student debt burdens We’re written in the past about the effects of student loan debt on the housing market
The last couple weeks, we’ve been analyzing exclusive numbers from the CoreLogic Housing Credit Index, a detailed look at mortgage availability. Our central question has been a simple one: is it any easier, nowadays, to attain a mortgage? And after
CoreLogic report shows widespread drops in cash sales. Cash sales continued to drop in November, according to a new report from CoreLogic, which found an increasingly significant portion of all-cash buyers leaving the market, particularly investors. Ebbing closer to
It’s been a rollercoaster ride following the nation’s mortgage markets, so we decided to take a more long-term view at some of the key stats at play – and how, with only one exception, things have improved by quite
Minority groups have a harder time accessing mortgages in the U.S., including here in Boston. In the Boston metro area, 22.8 percent of African-Americans are denied in their applications for conventional mortgages, according to a new analysis from Zillow; that’s three times