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Real estate news in Boston

Boston New Construction Begins 2015 in Strong Way

The new year is always a precarious time for the new construction marketplace. Residential construction spending in the Boston area was just above $300 million in January, a whopping 48 percent increase from Jan. 2014, according to new numbers from Dodge Data

Massachusetts Home Prices Post Moderate Increases in CoreLogic Price Index

The latest price index from CoreLogic covered home prices through January. Home prices in the state of Massachusetts rose 5.8 percent year-over-year in January, according to the latest Home Price Index from CoreLogic; when distressed sales were excluded, that increase jumped to

These are Boston’s 10 Hottest Residential Real Estate Markets

Amidst Boston’s multifaceted housing market, what markets are showing the most strength? We recently reported that Boston’s real estate market remains a heavily nuanced terrain, with inventory, sales and prices all heading in conflicting directions. Regional trends, though, tend

What Qualifying Income Does Your Clients Need to Buy in Boston?

In the end, buying a home all comes down to dollars and cents, and Boston’s qualifying incomes differ in interesting ways with the rest of the U.S. To qualify for a mortgage on a 5 percent down payment, Boston homebuyers can

Boston Posts Solid Price Growth in New Case-Shiller

Boston continued to follow the pack in the latest Case-Shiller Home Price Index. Home prices in the Boston metro area put up mixed numbers in the latest Case-Shiller Home Price Indices, falling 0.2 percent from November to December but rising 3.8 percent from Dec. 2013. It

Boston Market Kicks Off 2015 on Awkward, Low-Supply Footing

Boston’s housing market did not quite begin 2015 with a bang. Home sales in the Boston area were down 8.5 year-over-year in January, according to the latest analysis from the Greater Boston Association of Realtors. Of course, that was

Majority of Bostonians Now Live in Rental Housing

Just how dramatic has housing shifted towards rentals, in the last seven years? Sixty percent of Boston residents now live in rental housing, up from 55 percent in 2006; as if that weren’t enough, the renter population in Boston is up 23 percent in

What 10 Boston Neighborhoods Have Seen the Greatest Price Gains?

What Boston-area housing markets have seen median prices rise the most? The Boston area contains some of the most competitively priced housing markets in Massachusetts, but what areas have seen median sales prices rise the most since 2005? To

Coldwell Banker Appoints New VP at Wayland and Sudbury Offices

Susan Tsantes has been appointed vice president and sales manager of the Sudbury and Wayland offices for Coldwell Banker Residential Brokerage in New England. Tsantes will be responsible for the day-to-day operations and oversight of approximately 75 real estate

Cash Sales Fall Below Pre-Crisis Levels

CoreLogic report shows widespread drops in cash sales. Cash sales continued to drop in November, according to a new report from CoreLogic, which found an increasingly significant portion of all-cash buyers leaving the market, particularly investors. Ebbing closer to

In Boston, Black Mortgage Applicants Denied Three Times the Rate of White Applicants

Minority groups have a harder time accessing mortgages in the U.S., including here in Boston. In the Boston metro area, 22.8 percent of African-Americans are denied in their applications for conventional mortgages, according to a new analysis from Zillow; that’s three times

Massachusetts Foreclosures Continue Beating Nation

Foreclosure activity in 2014 ended well, but pockets remain in dire straights. To cap off 2014, the national foreclosure inventory continued deflating, falling a staggering 34 percent year-over-year, according to CoreLogic’s newest foreclosure report. As of December, the nation’s

Boston Begins 2015 with Modest, Realistic Price Gains

Boston did not set the world on fire with its rise in asking prices, but that’s perfectly fine Asking prices in Boston began 2015 on a sobering note, according to the Trulia Price Monitor. Prices were up 4.2 percent year-over-year in January,

Do the Seasons Really Make a Difference in Boston Real Estate? Not Really

One may think that warmer months are better for selling homes, but the data tells another story. What if we were to tell you that it really makes no difference when you list your client’s home, in terms of

Multifamily Construction Comprises Huge Share of Boston New Construction

We’ve covered multifamily ascendence before, but this is the most telling statistic of all. Earlier this week, we reported on two facets of new construction: first, that overall construction spending in Boston dropped in 2014; and second, that the nationwide growth

Guaranteed Rate Releases Q4 National Mortgage Market Summary

Guaranteed Rate released its quarterly summary of the mortgage market, which found an increase in purchased loans and a return of the ARM. Analyzing data housed in its massive database of home loans, Guaranteed Rate, one of the nation’s

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