Today’s Top News: Massachusetts has the strongest economy in the nation

Current Market Data

Homebuying was getting easier in early 2020, but all bets are off with COVID-19

ATTOM Data Solutions report has encouraging news on the affordability gap, but the coronavirus outbreak poses a potential setback.
Massachusetts showings down, but activity is outperforming U.S. average

A new dataset from ShowingTime offers a state-by-state comparison of how activity is changing in response to the new coronavirus.

Latest sales data shows gains that won’t last

Soak up the good news while you can. The picture painted by the National Association of Realtors’ latest existing-home sales data is one of a healthy housing market not yet impacted by COVID-19 fears.
Builder confidence up in Northeast, down everywhere else

The results from the NAHB/Wells Fargo Housing Market Index show a slight increase in builder confidence in the Northeast that might not last in the wake of the novel coronavirus outbreak.
Low interest rates invigorate Massachusetts single-family home and condominium buyers

MAR February Pending Sales Report shows continued growth year over year in the single-family home and condominium housing markets.
The HGTV effect: From television trend to real estate spend

A new report from Zillow outlines what to highlight in a listing and what to hide.
Avocado toast and white picket fences: What millennial homebuyers have in common with their parents

A new survey conducted by Coldwell Banker highlights the similarities in homebuying behaviors between Gen Y and older groups.
Navigating generational homebuying and selling trends in 2020

NAR’s 2020 Generational Trends Report shows that young millennials and the silent generation value similar things when buying homes.
Boston retains title of third highest rents in the nation

Two recent reports on the Boston rental market offer insights into both average rental costs and how long units are staying on the market.
Oddly enough, millennials are more optimistic about buying than older generations

CoreLogic released its monthly analysis of home prices, which revealed that millennials are still feeling pretty positive about purchasing property, despite growing home prices.

Northeast boasts ninth consecutive month of growth in showing activity

ShowingTime’s index points to consistently growing demand for listings in the Northeast, signaling a competitive spring housing market is in the works.
December capped 8 consecutive years of price growth

Does this mark the end of a deceleration trend, or is it a temporary blip?
Boston high-end homebuyers shift to single-family homes

Coldwell Banker’s annual Global Luxury Report notes that while Boston’s luxury single-family home market continues to rapidly grow, luxury condominiums are lagging behind.
Single-family housing starts plunge in the Northeast but continue long-term upward trend

Economist are optimistic about housing construction, despite a month-over-month dip of 5.9 percent nationwide.

NAACP and NAREB announce partnership to increase black homeownership

The two organizations joined together to provide members the resources and tools that will help more African Americans purchase homes.
Black homeownership rate up for second consecutive quarter

The U.S. Census Bureau report appears to show a trend in the rate of black homeownership.

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