Current Market Data

Builders report historic, broad-based levels of materials shortages
Builders report historic, broad-based levels of materials shortages

Special questions added to the National Association of Home Builders’ monthly builder survey found 90% or more of respondents had experienced shortages of plywood, oriented strand board, framing lumber and appliances, with most other materials also hard to come by.

Zombie foreclosures up 21% across the country
Zombie foreclosures up 21% across the country

Of the 99 million residential properties in the U.S., approximately 1.4 million (or 1.4%) are vacant this quarter, with “zombie” home rates increasing both quarterly (21%) and annually (5.6%).

Cape Cod home sales surge as inventory shows recovery signs
Cape Cod home sales surge as inventory shows recovery signs

More than half of home sales on the Cape closed above list price in April, while days on market decreased, according to the Cape Cod & Islands Association of Realtors.

Mortgage applications drop 4% on higher rates in latest MBA survey 
Mortgage applications drop 4% on higher rates in latest MBA survey 

“Demand is robust throughout the country, but homebuyers continue to be held back by the lack of homes for sale and rapidly increasing home prices.” — MBA Associate Vice President of Economic and Industry Forecasting Joel Kan 

NAR: Pending home sales slide in April on tight inventory
NAR: Pending home sales slide in April on tight inventory

Year over year, however, pending home sales were up 57.1%, the NAR said, citing its monthly Pending Home Sales Index.

Clients priced out of living in Boston? Consider Quincy
Clients priced out of living in Boston? Consider Quincy

City life is reawakening after a year marred by the pandemic, but that doesn’t mean the resurgent demand for homes in the neighboring suburbs is coming down any time soon.

COVID savings fuels millennial down payments
COVID savings fuels millennial down payments

First-time homebuyers found their long-term plans changed due to COVID.

April sales strong as experts predict busy spring market could last into summer
April sales strong as experts predict busy spring market could last into summer

Median home sales prices in Massachusetts continued to rise in April due to strong buyer demand and record-low inventory.

New home sales slide in April as prices continue to rise
New home sales slide in April as prices continue to rise

The median sales price of new homes sold in April was $372,400, up from $334,200 in March and $310,100 a year ago. 

S&P CoreLogic Case-Shiller: Boston home-price gains accelerate yet again
S&P CoreLogic Case-Shiller: Boston home-price gains accelerate yet again

The pace of housing-price gains in Boston quickened in March, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which showed a 2.6% increase from February and a 14.9% increase from a year earlier, compared to a gain of 0.9% the previous month.

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