Current Market Data

Does your client know owning is cheaper than renting in most markets?
Does your client know owning is cheaper than renting in most markets?

Here’s a little tidbit that might help clients decide whether or not it’s time to buy their first home — it could save them some money.

Construction a bright spot in December jobs report
Construction a bright spot in December jobs report

December marked the end of seven straight months of job growth.

Introducing Boston Agent’s Housing Scorecard
Introducing Boston Agent’s Housing Scorecard

Want to know what’s happening in the Boston market? Click here for the full housing scorecard to see your local numbers!

New listings below 50% in Boston — homes selling faster
New listings below 50% in Boston — homes selling faster

The number of homes for sale nationwide dropped below 700,000 in December, hitting an all-time low, while home prices were up double-digits over the year prior, according to realtor.com’s Monthly Housing Trends Report.

Pandemic-era sellers to iBuyers: ‘No thanks’
Pandemic-era sellers to iBuyers: ‘No thanks’

As the housing market heated up this summer, selling to an iBuyer became a less attractive option for many profit-minded homeowners.

Super sellers’ market may hinder affordability outlook for 2021
Super sellers’ market may hinder affordability outlook for 2021

“Comparing the RHPI levels in October relative to the resurgence of home buyer interest in June, affordability declined in 24 of the top 50 markets we track.”

Existing-home sales slide slightly in November
Existing-home sales slide slightly in November

Sales in November are still 25.8% higher year over year.

RE/MAX sets new home sales record
RE/MAX sets new home sales record

Inventory also reached its lowest point in the report’s history, down 31.8% from the same time last year and down 13.3% from October.

Strong housing market fundamentals to remain a constant in 2021, says new report
Strong housing market fundamentals to remain a constant in 2021, says new report

Strong underlying fundamentals shaped the housing market’s remarkable 2020 comeback story and, with a vaccine rollout underway, the stage is set for another strong year in 2021, says First American Chief Economist Mark Fleming.

New home construction momentum may set stage for ‘year of the home builder’
New home construction momentum may set stage for ‘year of the home builder’

“Nothing sells like a shortage. We have underbuilt new housing relative to demand for a decade. Building will have to exceed household formation for a number of years to reduce the housing stock ‘debt’ we have accumulated.” — First American Deputy Chief Economist Odeta Kushi

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