Current Market Data
Confronted with rising prices and bidding wars, long-haul house hunters are increasingly throwing in the towel.
Nationwide, home value increases continued to be driven by low inventory, which hit its lowest level in September, dropping by 40% from September 2008 and by 74% when compared to September 2000.
First-time buyers contributed to 31% of September’s home sales due to record-low mortgage rates, according to the report.
The third quarter was like a game of musical chairs for many who are abandoning large cities for more affordable areas of the country. See what’s happening in Boston.
Areas hit hard by the pandemic could see a wave of zombie properties once the federal ban on foreclosures expires.
Still all four regions see year-over-year increases in contract activity.
Another 16% of U.S. residents would consider leaving the country if their candidate loses, up from 9% in 2016.
A new report from CoreLogic shows that record-low interest rates and a spike in lower-risk refinance originations have driven the trend.
The new S&P CoreLogic Case-Shiller Home Price Index reveals record-breaking August for home sales, up 21% over the 2006 pre-Great Recession high.
A new report from Coldwell Banker Global Luxury captures the changing demographics and preferences of luxury buyers.
“It’s almost as if the housing market and the overall economy are operating in different worlds.” — Todd Teta, chief product officer at ATTOM Data Solutions
Home sales soared 20.9% year over year to 6.5 million in September, according to the National Association of Realtors.
The median price of a single-family home on the market in Massachusetts was up nearly 20% compared to a year ago.
National Association of Realtors Chief Economist Lawrence Yun called September’s rise in housing starts “welcome news.”
“The slight decline in bidding wars (nationally) is largely a reflection of a seasonal cooldown, which typically starts in the late summer but was delayed by a few months this year,” said Redfin chief economist Daryl Fairweather.
A new report from CoreLogic shows U.S. single-family rent price growth is moving toward stabilization.
