Single-family home prices rose 5% from last year to $630,000.

At a time of year when the real estate market typically experiences seasonal declines, this fall is bringing just the opposite.

While the average monthly housing payment in the U.S. fell to its lowest level since the start of the year, it isn’t improving sales, as potential buyers are holding out for lower mortgage rates.

Specifically, prices rose 4.3% annually after growing by 4.7% in June. 

A new study ranks major U.S. cities by their rent prices and the income needed to afford them, with Boston near the top of the list.

July’s seasonally adjusted annual rate of 739,000 represented a 10.6% jump from June’s upwardly revised rate of 668,000. 

The pace of home sales increased 1.3% from June after months of decreases, the National Association of REALTORS® said.      

Communities in the Northeast and Midwest dominated this year’s rankings, with Massachusetts standing out by placing three towns in the top 10.

Competition in the housing market is expected to reignite as falling mortgage rates breathe new life into buyers, according to Zillow’s latest report. 

The combination of rising inventory and price reductions in Boston and nationwide is creating a more buyer-friendly market.

Two Massachusetts cities are among the top 20 hottest summer housing markets, according to a new report.

The National Association of REALTORS® said its Pending Home Sales Index rose 4.8% month over month. 

For the third year in a row, Massachusetts has the best school systems in the nation, according to WalletHub’s 2024 States with the Best & Worst School Systems report.

There are plenty of ways to upgrade a home without knocking down walls or hiring a whole construction crew.

The median sale prices for both single-family homes and condos reached new all-time highs last month, as low inventory continues to drive up prices.

Despite record high prices, two factors are creating opportunities for homebuyers this summer: falling mortgage rates and rising supply.