Current Market Data

Massachusetts home prices hit new highs in May

The median sales price for single-family homes and condos sold in May broke $400,000, with condo prices hitting a new all-time high, according to the Massachusetts Association of Realtors.  Single-family home sales across the state were up 6.2 percent

High-end home sales decline nationwide

In March, the luxury home market saw the largest drop in sales since 2010 with an 8.3 percent year-over-year decrease in closings, according to data gathered by Realtor.com. There were just 8,343 sales in excess of $1 million across

Mortgage update for the week of June 17

Weekly loan applications decline marginally The number of applications filed for a new home loan fell from the previous week, according to the Mortgage Bankers Association, which was perhaps unsurprising considering the earlier report’s record-high levels. In the week

May home sales improve as market forces stabilize

Existing-home sales finally grew in May after two months of downbeat reports, according to the latest monthly snapshot of U.S. housing activity from the National Association of Realtors. Closed sales of previously-owned homes increased by 2.5 percent over April’s

NAR survey adds to bullish case for home sales

Optimism struck in the second quarter of 2019 with 73 percent of Americans saying they believe now is a good time to sell a home, an increase from 65 percent in the first quarter based on a consumer survey

Housing starts tick down while building permits increase

Numbers released June 18 by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development show that housing starts fell during the month of May, although building permit issues increased. Privately-owned housing starts dropped by 0.9

Lender sentiment turns positive as low rates spur demand

The trend toward lower mortgage rates doesn’t appear to be a short-lived phenomenon, and has already boosted loan application activity to historically high levels. As a result, lending industry executives are responding with their most optimistic outlook on the

Mortgage update: This week’s rates and application activity

Weekly mortgage applications rise most in four years The number of mortgage applications filed during the week ending June 7 grew nearly 27 percent over the prior week, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. That’s

Pending home sales post 12th consecutive month of gains statewide

The number of single-family home listings put under agreement in May grew once again compared to the same time one year earlier, according to a statewide report from the Massachusetts Association of Realtors. That marks 12 consecutive months of

Here’s where homebuilders were most active last year

A new report by home remodeling website Fixr lists the top 20 metropolitan areas in the country for the number of construction permits filed in 2018. The list includes many “usual suspects” like New York, Los Angeles and Chicago

Confidence in the US housing market grows

Two recent measures of Americans’ confidence in the national housing market improved in the last month, showing that more homeowners as well as consumers are generally feeling more optimistic about this key segment of the U.S. economy. One of

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Home flipping is down, but still profitable in some cities

The practice of home flipping in the U.S. declining in strict numbers, even as it grows as a share of all home sales, according to a new report on the subject by ATTOM Data Solutions. The report looked at

How and why your clients undertake remodeling projects

The eighth annual Houzz & Home Study, released June 5, revealed the trends, desires, budgets and challenges of homeowners taking on remodeling projects. These takeaways will help you assist clients who are looking to upgrade their living spaces. Spending

Home sales price behavior moderates as rates keep falling

A surge in demand for homes combined with a widespread shortage of supply caused home prices to surge beyond the reach of many buyers in the last year. Fortunately for prospective buyers and the U.S. housing market at large,

Is Boston’s condo market slowing? Agents weigh in

While sales and prices of Boston-area single family homes both saw gains in April, including double-digit growth in home sales, condos sales fell 4 percent year over year, and condo prices were down 5.8 percent over April 2018, according

3 indicators leading you into the summer market

It’s clear we’re in a transitional real estate market at the moment, but the destination isn’t quite as obvious. While this year has been notoriously difficult to predict in terms of home sales, there are three indicators that can

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