Trends

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Houzz: The top outdoor home trends for 2024

Summer is underway, and many homeowners are looking for ways to upgrade their outdoor spaces so they can enjoy the heat in style.

Boston ranks among top U.S. cities for luxury home rentals

Boston has one of the highest shares of luxury and ultra-luxury homes for rent among the 100 largest cities in the U.S.

RE/MAX: Greater Boston homes among top in nation for closing above list price

Boston ranked among the top cities in the U.S. for homes closing above list price in May, according to the RE/MAX National Housing Report.

A down payment of just 20% may be a thing of the past, Zillow says

Buying a home in Boston? Here’s the down payment you need to afford it.

Median existing-home sales price hits all-time high in May 

The record-breaking sales price comes as the pace of transactions slid from April, the National Association of REALTORS® said. 

Boston’s median price per square foot up 73% since 2019

Boston’s median price per square foot has surged since 2019, marking one of the highest increases in the nation, according to Realtor.com’s May Housing Report. 

The top home trends for summer 2024

With warm weather heating up much of the United States, many homeowners are craving new summer styles for their living spaces.

Case-Shiller: Home-price index hits all-time high in March; Boston sees 8.7% gain 

The S&P CoreLogic Case-Shiller U.S. National Home Price Index has hit a new record for six of the last 12 months, as demand remains strong in the face of tight inventory.

New-home sales decline in April 

At the same time, the median price of a new home sold in April declined as well. 

April home sales soar, marking largest annual increase since 2021

Meanwhile, the median single-family home price reached $610,000, the first time it exceeded $600,000 this year.

Housing starts rebound in April after March slump 

New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Hotels overtake offices in residential conversions

According to a new report from RentCafe, hotels have overtaken offices as the most likely spaces to be converted into new apartments.

Renovation spending has jumped 60% since 2020

In 2020, median renovation spending was $15,000. That amount increased by 60% in three years, with the median home renovation costing $24,000 in 2023.

The best week to sell this year: April 14 – 20

Prospective sellers should prepare to jump on the market — the week of April 14 through 20 will be the best time to sell this year.

NAR: Existing-home sales post biggest gain in a year 

Sales rose 9.5% from January to a seasonally adjusted annual rate of 4.38 million.

Don’t paint your house these colors if you’re trying to sell

There’s a reason many homeowners opt for neutral shades when trying to sell their house — certain flashy colors may be off-putting to buyers.

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