Current Market Data

The Fed Will Not Be Raising Rates Soon…We Think

The Fed’s language on interest rates changed at its last meeting, throwing into question its future policies. It’s the big question on everyone’s mind – when will the Federal Reserve decide to raise interest rates? Indeed, there are few

Negative Equity in Boston Plummets by 56.6%

The negative equity situation in Boston has improved markedly, according to new research by Zillow. Here is some encouraging news for you to end the week with – here in the Boston area, the share of mortgage properties in negative equity

Special Report: ‘Builder Confidence’ Numbers Still Inconsistent With Construction Numbers

Builder confidence remains high while home construction continues to trod along – what gives? Builder confidence this month fell just one point, according to the latest Housing Market Index from the National Association of Home Builders. Finishing up 2014

Bad News For Millennial Homeownership – Young American Wages are Plummeting

We all want to think that an explosion is pending in Millennial homeownership, but the numbers to justify that are hardly cooperating. The last few months, we’ve reported consistently that the big problem facing housing (as well as the

5 Things to Consider About the ‘Disappointing’ New Construction Report

The headlines have been merciless regarding the latest new construction report, but was it truly that bad? We’ve seen the headlines too, and on the surface, they’re not pretty – per the latest numbers from the Census Bureau, housing

Boston Agent Housing Score Card

Report A Year Ago Current Builder Confidence 52 58 Construction Spending $257 M $488 M Existing-Home Sales 986 1,054 Housing Inventory 3,324 3,281 Housing Starts 0.900 M 1.178 M Interest Rates 3.69% 3.71 % Pending Home Sales 108.3 109.1 Unemployment

Boston Rated No. 1 ‘Market to Watch’ in 2015

Real estate in Boston has been on solid ground in 2014, but new projections suggest the best is yet to come. Real estate in Boston is on firm footing. Home sales, especially in the condo markets, are strong. All-cash

Mortgages in Boston Much More Affordable That Rents in 2014

Everyone knows that mortgages and rents have ran in opposing directions, but the numbers are still jaw-dropping. For some time, we’ve been hearing two independent narratives in housing: one, that mortgage rates and payments were at an all-time low;

6 Important Home Seller Trends That You Should Know

What should you know about home sellers, heading into the 2015 housing market? Our last few stories on NAR’s 2014 Profile of Home Buyers and Sellers has focused on the buyer-side of the equation, but now we’re finally taking

Middlesex/Suffolk Counties Less Affordable Than Historic Averages

Yet another round of analysis suggests that housing affordability continues to fall by the wayside in the Boston area. As if we didn’t already have enough indicators on the housing affordability crisis here in Boston, here comes perhaps the most

Cash Sales in Massachusetts Remain Below National Average

New cash sales report says more of the same – we’re staying consistent. In September, cash sales increased slightly despite the autumnal slump, but remain at relatively low levels, according to a new report from CoreLogic. In recent months,

The 5 Most Valuable Remodeling Projects in Boston

Of the many remodeling projects available to homeowners, which ones add the most value to homes in the Boston area? One of the undeniable perks of homeownership is the opportunity to renovate your living space, to remodel and craft a

Will an Extension to the Green Line Worsen Boston’s Affordability Crisis?

A Green Line extension seems like a sure thing, but how will impact the Boston area’s housing market? The Federal Transit Administration announced last week that it will provide nearly $1 billion in funding for an extension of the

Did Mortgage Lending Just Get Easier?

With Fannie and Freddie’s new mortgage rules coming into effect, the industry questions the impact they’ll truly have. Earlier this month, new lending guidelines previously announced by Fannie Mae and Freddie Mac came into effect, and now the industry

Could Slowing Asking Prices in Boston Benefit its Market?

What’s the deal with asking prices in our metro area? Asking prices in the Boston area remained positive in November, though they seem to be showing signs of slowing down, according to the newly released Price Monitor from Trulia. Per Trulia’s

The Jobs Report: 6 Good Things (and 2 Bad Things) For Housing

The latest government jobs report was highly encouraging for the economy – and, as a result, for the housing market. Good news alert! The government’s latest jobs report came out last week, and it was a very encouraging one

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