Current Market Data

MBA: Mortgage applications fall as 30-year fixed hits 21-year high

At the same time, mortgage applications declined 1.7% on a seasonally adjusted basis on a week-over-week basis, according to the Mortgage Bankers Association. 

Still deep in positive territory, home-price gains post steep declines in latest Case-Shiller 

In Boston, home prices posted an 11.4% year-over-year gain in August, compared to a 1.3% gain in July. Month over month, prices fell 1.2%.

Home values rise 25% above what’s affordable

Boston home values have also rose well above affordability norms.

Good news for prospective home buyers, according to RE/MAX

“After a sustained period of quick sales that kept the housing cupboard relatively bare, a supply of two months presents a lot more options for homebuyers,” said RE/MAX President and CEO Nick Bailey.

Home sales, listings take second-biggest hit on record

The only other time the market saw such change was at the beginning of the pandemic. 

NAR: Existing-home sales fall for eighth month in a row in September 

Month over month in September, existing-home sales slid 1.5% to 4.71 million, which is 23.8% lower than the year before. 

September home sales decline, price increases slow

Last month had the fewest number of single-family sales in the month of September since 2014.

Housing starts miss expectations in September 

New home construction missed analyst estimates in September, falling 8.1% month over month to an annual rate 1,439,000 homes, according to government statistics. 

Median sale price falls as new home, condo listings rise

Economic uncertainties continue to impact the Bay State housing market, as affordability challenges once again priced out buyers in September. 

The market is stabilizing, says RE/MAX president and CEO Nick Bailey

The report shows decreases in sales prices, as well as an overall increase in days on the market. While this could be due partially to high interest rates, Bailey says the shift in the market could open up opportunities for buyers who’ve had to put their plans on hold.

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