Current Market Data
Mortgage interest rates found themselves in freefall last month after climbing gradually throughout the year. For that reason, home sales in Boston and the rest of the U.S. failed to post significant gains in the final month of 2018.
The residential property market continues to look better for prospective buyers as the trend of falling prices extends into the new construction segment. In the fourth quarter of 2018, according to data from Zillow, more than a quarter of
The most recent existing home sales report from the National Association of Realtors found sales volumes decline on both a monthly and annual basis in the final weeks of 2018. December home closings touched their lowest annual rate since
Two reports on the Boston condo market’s end-of-year performance show more units coming onto the market across the city’s hottest neighborhoods. However, this has continued to put a damper on sales prices as well as closed sales as sellers
At a key moment for the U.S. housing market, Redfin found more evidence that homebuyers are entering 2019 in perhaps the strongest position in years. The number of homes for sale in the nation’s largest markets grew 4.8 percent
Meeting Boston’s ambitious goals for new housing development in the next several years presents significant challenges for the city. Part of that difficult task involves understanding exactly what future Boston residents will need in terms of available housing stock.
Pending home sales throughout Massachusetts grew in December, but the sudden volatility seen in U.S. and international stocks near the end of 2018 may have had a negative effect on buyer and seller behaviors, according to a poll from
The Greater Boston home and condo market enjoyed strong sales through November as more buyers enter the fold. Previous months had seen growing inventory amid excessively high prices. However, buyers in November shrugged off concerns over interest rates and
Conditions continue to improve for homebuyers in many of the largest U.S. cities, according to recent data from S&P CoreLogic’s Case-Shiller National Home Price Index and Redfin. The latest reading of the closely watched Case-Shiller index found home price growth
The National Association of Realtors reported Wednesday that existing home sales in November were up 1.9 percent from the previous month. That makes November the second consecutive month of increasing home sales as prices continue to moderate and listings
First-time homebuyers made up the largest share of the U.S. home purchase market since 2005 during the first nine months of 2018, according to a recent report from Genworth Mortgage Insurance. That means despite persistent concerns about housing affordability
It may not be surprising by now to hear that the next generation of young adults wants to follow in their parents’ footsteps and become homeowners soon. That’s also increasingly true for those who are currently renters. A new
A market analysis released last month by Berkshire Hathaway HomeServices Warren Residential found that condo prices in some of Boston’s most expensive markets fell during the third quarter of 2018. Compared to the same period in 2017, condo sale
Assumptions about how millennials will spend their money as they progress through adulthood continue to be proven inaccurate, or at least misunderstood. This is particularly true in real estate, specifically the places where Americans now in their 20s and
Housing inventory is steadily recharging around the U.S., giving potential buyers more options. RE/MAX’s latest national housing report found October was the first month to show a year-over-year increase in inventory in nearly 10 years. Compared to one year
As 2018 winds down, so too have several leading indicators of home sales activity: New and existing home sales, builder sentiment, price growth and more have taken a turn for the worse in the closing months of the year.
