Homebuyer demand is rising as mortgage rates continue to decline, according to a new Redfin report.

Massachusetts officials have launched a new program to help first-time homebuyers in communities significantly impacted by COVID-19.

The projected year-over-year change in home sale transactions in the Boston-Cambridge-Newton region is -0.6%.

October’s 4.6% monthly drop follows a 10.2% decline in September, the National Association of REALTORS® reported. 

One hundred and fifty parcels of city land will be made available to developers to build these homeownership opportunities.

Housing prices were down in all 20 cities tracked by the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.

New-home sales rose 7.5% month over month, while the median price of a new house surged to $493,000 from $455,700 in September and $427,300 a year ago, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.   

The pace of new single-family home sales, meanwhile, fell 6.1% from September to 598,000. 

Boston came in at No. 36 in this year’s 2023 World’s Best Cities Report, a comprehensive annual study by Resonance Consultancy.

In the wake of this new rule, FHA borrowers will have a choice between federal flood insurance and private flood insurance.