Current Market Data

Pending sales rise locally after interest rate volatility

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.

Price cuts improve affordability for new construction buyers

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

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December home sales show market headwinds subsiding

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

Year-end reports show growth in condo inventory

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

Home listing growth accelerates to near 4-year high

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

How has Boston’s population changed since 2010?

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.

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Pending home sales grow in December despite Wall Street turbulence

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

Metro Boston home, condo sales grow in record-setting November

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

Case-Shiller price index flat in October, shifting power to buyers

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

Existing home sales grow in November on inventory gains

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 homebuyer activity hit post-recession highs this year

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

Millennial renters aspire to homeownership, but getting there could take decades

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

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With inventory growing, condo prices fall in some Boston markets

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

Why millennials are buying more homes in suburbs than cities

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

For-sale inventory records first annual increase since 2008

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

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Economists differ on 2019 real estate outlook

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.

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