Today’s Top News: The last week of October is the best time to buy in Boston

Current Market Data

Is the real estate market starting to shift?

Surging mortgage prices deterring more buyers

How much space does $1,500 get you in Boston?

Our expectations and desires have shifted, with renters searching for more space — often at a higher price tag. And, according to a new study from RentCafe, that’s especially tough in Boston.
Boston-area home prices climb 10.9% in 12 months

CoreLogic predicts price increases to slow by next spring in most areas. It projects Boston-area home prices to rise 3.9% by February 2023.
Housing prices top last summer’s highs, hit new record

With fewer people putting their homes on the market, prices continue to skyrocket.
Could the spring market bring good news for Massachusetts first-time homebuyers?

With fewer people putting their homes on the market, prices continue to skyrocket.
Mortgage applications continue falling in latest weekly survey

The decrease comes as interest rates continue to climb, according to the Mortgage Bankers Association. 
Two more years until inventory bounces back, experts say

Housing inventory should reach pre-pandemic levels by the end of 2024, according to the results of Zillow’s latest Home Price Expectations Survey. More than 100 market experts and economists weighed in to predict upcoming trends.
Pending-home sales down for fourth month in a row

“Buyer demand is still intense, but it’s as simple as ‘one cannot buy what is not for sale.” — National Association of REALTORS® chief economist Lawrence Yun  
How do Massachusetts counties stack up to generational affordability?

Home prices continue to rise making homeownership harder to achieve as each generation readies to enter the real estate market.
New-home sales fall again in February

Affordability and supply-chain issues continued to weigh on the sales of new single-family residences.
NAR Generational Trends Report shows millennials make up 43% of homebuyers

What does the current generation of homebuyers and sellers look like? How old are they and how are they doing business? NAR has answers.
Boston home sales fell in February as housing prices set new records

The median price of a single-family home grew 5.4% from last year.

Did your home earn more than you did last year?

Home value appreciation was greater than median annual earnings in most U.S. metro areas in 2021, a new Zillow report found, and Boston was no exception.
Existing-home sales swing back to negative territory in February

The median existing-home price for all housing types in February was $357,300, up 15% from a year before, as median prices rose in each region.    
New-home construction picks up in February

“More groundbreaking is welcome news for a supply-starved housing market.” — First American deputy chief economist Odeta Kushi 
Builder confidence falls on supply-chain issues, construction costs

The measurement of six-month sales expectations among homebuilders took an especially negative turn in March, according to the National Association of Home Builders.