Today’s Top News: Former Brockton Fairgrounds to become mixed-use development

Current Market Data

The future is in single-family built-for-rentals, according to a new report

A new report from RCLCO says the single-family rental market is likely be undersupplied over the next 10 years, presenting a strong opportunity for investors, builders and developers to create new rental home communities.
Boston real estate recovery among the best in the nation

New listings back above pre-COVID-19 levels nationwide but still down from the previous year, according to realtor.com.
What recession? Home prices continued to climb in Q2, says NAR

A new report from the National Association of Realtors shows second quarter home prices grew in 96% of metro areas across the country.
Risky business: Does it pay to become a landlord right now?

Several new reports help potential landlords determine just how much risk they’d be taking on.
Bigger is better in coronavirus era, but buyers also want affordable

Homebuyers in Boston want homes over condos and bigger is better.

Boston has most equity-rich homes in the Northeast

ATTOM Data Solutions’ report of increased equity in residences across the country could be good news for the nation’s ability to absorb potential wave of foreclosures.

Confidence in housing falls as COVID-19 cases rise

Economic concerns surrounding the rising number of coronavirus cases across the country — combined with a lack of housing inventory and rising home prices — are eroding confidence about homebuying, according to a new report.
Unemployment drops again, but long road to recovery remains

Nearly two million jobs were restored in July, as the economy struggles to return to pre-pandemic levels.
One-in-five Americans have moved or know someone who has due to COVID-19

While the pandemic has not significantly affected plans to purchase a home, it’s fueling relocations, according to a new report.
On solid footing pre-pandemic, multifamily market absorbs recession’s impact

Freddie Mac’s latest multifamily midyear report reveals the effect of COVID-19 on the market so far, predicting total origination volume will decline by between 20% and 40% by the end of the year.
Home prices accelerated in June as the housing market continues to demonstrate its strength

CoreLogic’s HPI Forecast predicts prices will continue to post annual gains through 2020, a sign of the sector’s continued resiliency.
Boston has lower millennial homeownership rate than national average

Report finds higher cost of living, higher median earnings compared to national average.
Consumer confidence around home buying has increased during COVID-19

A new survey on consumer sentiment about the real estate market shows buyers are surprisingly optimistic right now. More than 42,000 consumers across the nation participated in the survey, conducted by Meyers Research. Respondents were represented all age groups,
Boston ranked 7th most expensive city for housing

RealtyHop asks whether homeownership is affordable for the average family? See how Boston did.
Two months in a row for improved pending home sales

Contract activity up over last year “remarkable,” according to NAR chief economist.
Home prices continued to rise in May, albeit slightly

Amid high unemployment and continued pandemic woes, home price growth remained stable in May.

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