Current Market Data
A new report from Homes.com shows that prospective homebuyers are still waiting to see if they will work from home permanently.
It takes Boston homebuyers 9.74 years to meet the minimum threshold of 20%, or $153,980, to qualify for a mortgage.
There are 5.7 million “missing” households since the Great Recession, a fact likely to boost housing demand for at least the next several years.
Nationally, contract signings are up 20.2% compared to a year ago, but industry insiders say high prices are beginning to affect sales.
“In fact, we may be looking at one of the best buying opportunities in Boston since the last recession.” — GBAR President Jason Gell
Despite continued economic uncertainty from COVID-19, housing markets continue their upward projectory.
The boost from loosening credit, along with rising house-buying power, equity and household formation, was strong enough to overcome the negative impact on housing market potential from the increase in tenure length so far in 2020, says Chief Economist Mark Fleming.
Empty commercial space is a looming crisis. What if all that unused real estate were converted to housing?
The shortage of sellers and abundance of buyers was reflected by a national inventory decrease of 32.5% year over year.
A new report from CoreLogic shows higher-priced rentals returned to 2019 growth rates while the lower-priced tier continues to lag.