Current Market Data
A new Redfin report shows condos are selling for a record 17% discount to single-family homes as the coronavirus fuels demand for space.
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.
“COVID-19 cases are on the rise and there is increasing likelihood of a further impact on economic activity, which may trigger a corresponding increase in unemployment in impacted industries,” says First American Chief Economist Mark Fleming.
A new report from NAR points to changes in homebuyer and home seller behavior brought about by the pandemic.
The biggest changes were found in mortgages that are in serious delinquency, meaning those that are at least 90 days delinquent.
The decision to rent or to buy was once a question of finances and lifestyle preferences, but the coronavirus pandemic has added yet another complex layer to the equation for many Americans.
Metro areas with the highest share of vacation homes are seeing more interest on Zillow and higher pending sales growth than the nation at large.
