Current Market Data

Number of Mortgages at a Six-Year High

A few weeks ago, the Federal Reserve released a bevy of mortgage data from 2013, and it came with a screaming good headline – the number of mortgages made to purchase homes in 2013 was 2.68 million, a six-year high

Boston’s Rental Market Continues Strong Performance in 2014

Our city’s rental markets have performed quite well in recent years, and 2014 seems to be no exception. The average rent in Boston in 2014’s third quarter was $1,870, a 1.4 percent increase from the second quarter and a 3.9

Average Down Payment in Boston Tops $50,000

How does the down payment in Boston compare with other metro areas? According to analysis from LendingTree, the average down payment in the Boston area is 16.93 percent of the mortgage, which comes out to $50,146. How does this

Residential Construction in Boston Down Markedly in 2014

Construction is the residential sphere is lagging in Boston in 2014 According to the latest numbers from the Census Bureau, residential construction spending in August was at a seasonally adjusted annual rate of $351.7 billion, down 0.1 percent from

Housing Debt Hurting Older Americans

Older Americans are carrying their housing debt later into life, and as a result, they’re struggling financially. A lot of attention has been given to student loan debt lately, particularly in regards to the impact it’s having on young

Boston Home Prices Nowhere Near Bubble Territory

The term “bubble” gets thrown around often nowadays, but the data does not support such statements. The great housing bubble of 2001 to 2008 was a mammoth economic event, one that pulled the housing market through a verifiable roller

5 Important Details Concerning Millennials and Homeownership

Though things are tough right now for Millennials, agents should definitely keep them on their immediate housing radar. It’s not easy being a Millennial. As we’re reported recently, the Millennial generation is still the home-bound generation, with many a

Boston Home Prices Remain Positive in New Case-Shiller

Home prices remained positive in the latest Case-Shiller, though they exhibited definite signs of easing. Home prices in the Boston area were up 0.2 percent monthly and 5.7 percent year-over-year in Standard & Poor’s latest Case-Shiller Home Price Indices, with data

Pending Home Sales Slow a Tad in August

The decline was not substantial, but pending contracts definitely slowed down in August. Pending home sales fell 1.0 percent in from July to August, and are down 2.2 percent from where they were in 2013. Those were the main

4 Essential Facts About Today’s Mortgage Markets

There has been undeniable progress in the mortgage markets, but the effects of the recession still linger. Earlier this week, the Federal Reserve released a bevy of mortgage data from 2013, and it came with a screaming good headline

Ballooning Prices Help Homeowners Regain Equity

American homeowners are finding that rising home prices are helping them reclaim some of the equity lost during the housing crisis, CoreLogic reports. The value of homes, since the bursting of the housing bubble in 2007, have been struggling

Real Estate’s Uneven Recovery Continues in August

The recovery in housing is still heavily concentrated in higher price points, according to new NAR research. On the surface, it seems like just another report on housing – earlier this week, the National Association of Realtors reported that existing-home

New Home Sales Rocket 33% in August – Why You Should be Skeptical

New home sales rocketed to the moon in August, but such data should be taken with a grain of salt. Here’s some glorious news to brighten up your day – according to new Census Bureau numbers, the sales of

414,000 Home Sales Lost in 2014 to Student Debt

Some analysts have argued that the impact of student loans is overblown, but new research comes to a different conclusion. In the last 11 years, student debt in the U.S. has skyrocketed from $241 billion to $1.1 trillion, making

NAR: Investors Clear the Way for First-Time Buyers

NAR’s August existing-home sales report reveals declines – the good kind. The second quarter of 2014 saw consecutive months of gains, and it looked like that trend was continuing into the third quarter. However, due to a increasing lack

Why Single-Family Home Construction May Still Be Too High

We keep hearing how depressed single-family construction is and that we need more new homes, but is that really the case? In 2013, there were 618,000 single-family housing starts, and we’re currently operating at a rate of roughly 622,000

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