Current Market Data
Due to lingering effects of the 2008 housing crisis, renting has become a widely popular option for those hoping to combine an independent lifestyle with affordability. In fact, more Americans are actually renting a home than at any point
Potential buyers often judge a home’s affordability by looking at list price or mortgage rate alone. However, it’s crucial to take additional, more overlooked costs into consideration before purchasing a property. According to a recent Zillow report, Boston has some
According to the CoreLogic June Home Price Index, home prices in Boston have increased on both a year-over-year and month-over-month basis. From June 2016 to June 2017, home prices saw a 6.6 percent increase in the MSA and a 0.5
Over the last decade, homeownership rates in the U.S. have fallen drastically, with an average of 63.4 percent in 2016 compared to 69 percent in 2004. The 2008 financial crisis has been largely blamed for the swift decline, but
As inventory tightens and Baby Boomers begin to age, more Americans are turning to multigenerational homebuying. According to the reNEWable Living Home survey conducted by BUILDER, multigenerational homes have proven to be easier on the wallet while also allowing buyers to
Millennials are known for their desire to live in cities with busy nightlife and easy access to outdoor activities. But this need doesn’t only apply to Generation Y — it turns out baby boomers want walkability in their neighborhoods as
Boston’s construction starts rose last month overall, according to recent data from Dodge Data & Analytics. Despite this increase, however, Boston still lacks inventory when it comes to residential construction. The report considered all June 2017 construction starts in the
Boston home sales remained relatively steady in June despite growing sales competition and lack of inventory. In fact, both single-family homes and condos actually saw a slight dip in sales year-over-year following a similar pattern in May, according to
Home sales decreased in June thanks to low housing supply, according to the National Association of Realtors. The Midwest was the only area nationally with increased sales last month. Total existing-home sales (completed transactions that include single-family homes, townhomes, condos
The typical U.S. home is now worth more than $200,000 for the first time in history, according to the June Zillow market report. The national median home value now sits at $200,400. This number is a notable 7.4-percent increase from
The process of buying a home can be extremely daunting, especially if it’s your first time doing it. Recently, Chase Home Lending and Google paired up to figure out how and what people are searching online about homeownership. The companies discovered people
Those hoping to purchase homes in Boston’s surrounding suburbs face increasingly steep prices and fierce competition — a factor that has led to a cooling off of the metro’s market. Some neighborhoods, however, have defied this trend and showed impressive
The U.S. affordability index dropped to 100 in the second quarter of 2017, which is the least affordable level since the third quarter of 2008, according to a new report from ATTOM Data Solutions. The affordability index measures the
For homebuyers entering today’s market, speed is the name of the game. With home inventory at its lowest levels on record, available homes are being bought in record time. In a number of cities, including Boston, the majority of
Low housing inventory has troubled buyers since the end of the recession, and it doesn’t seem to be getting any easier to beat out the competition for a purchase. In fact, the number of homes for sale has now dropped more quickly
Much to the surprise of potential buyers, many of America’s largest cities boast a variety of ways for residents to stay active and explore — especially cities like Boston. In fact, Men’s Health named Boston the eighth most adventurous
