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New-home sales rise 1.1% in February as median-sales price surges 

The supply of new homes for sale ticked lower from February, according to government figures.

NAR: Existing-home sales jump in February, ending a year of declines 

The annual rate of 4.58 million sales was up 14.5% from January but down 22.6% from the February 2022 rate of 5.92 million. Week of March 26 is best time to list in Boston

Nationally, the week of April 16-22 is likely to provide sellers with the most favorable conditions for a successful sale of any week of the year, although the exact timing varies widely by market. 

Massachusetts makes top 10 list of most valuable housing markets

The list ranks the total market value of residential real estate by state.

Housing starts post major gains in February 

A shortage of existing-home inventory is driving more people to the market for newly built homes. 

Redfin: Seller concessions on the rise again

Increased mortgage rates have sidelined many would-be buyers, allowing inventory levels to increase. As a result, buyers can now “shop around” more than during the peak of the pandemic, putting the burden of concessions back on sellers.

Builder confidence rises again in March 

Homebuilders expressed “cautious optimism” that the lack of existing inventory would drive demand for new homes despite high construction costs and interest rates, the National Association of Home Builders reported.    

Massachusetts lost one ‘million-dollar city’ in the past six months

There are 58 less million-dollar cities in the U.S. than there were in July of last year, according to a new report from Zillow.

MBA: Mortgage applications rise 7.4% despite increased rates 

The Mortgage Bankers Association noted the increase in borrowing activity came despite the 30-year fixed mortgage rate climbing to its highest level since November 2022. 

High mortgage rates make million-dollar homes less common

As rising mortgage rates cool the market, the share of U.S. homes worth at least $1 million has fallen from an all-time high last year.

CoreLogic: Home-price growth slides to June 2020 pace 

In January, home prices were up 5.5% annually and down 0.2% monthly, CoreLogic reported, citing its monthly Home Price Insights report. 

Report: Average home changes hands every 12 years

People staying in their homes longer is contributing to the lack of inventory that continues to impact buyers.

Massachusetts community named one of the top coworking suburbs in America

One Massachusetts community has been named one of the top coworking suburbs in America, according to a new report from CoworkingCafe.

Pace of annual home-price gains slows in latest Case-Shiller; Boston sees 5.2% increase 

The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 5.8% year-over-year in December, compared to a 7.6% gain in November.

NAR: Pending-home sales jump in January 

The 8.1% month-over-month increase in the National Association of REALTORS® Pending Home Sales Index was the largest gain since June 2020. 

New-home sales jump 7.2% in January 

The median sales price of a new home declined on both a monthly and yearly basis, however, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.        

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