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Real estate news in Boston

CoreLogic: Barely Any Cash in Boston

CoreLogic released its April cash sales report today, and as has been the trend all year, cash sales declined year-over-year, bringing national levels closer to the pre-crisis baseline of around a 25 percent market share. In April, cash sales

CoreLogic: More Foreclosures for Massachusetts in May

CoreLogic May foreclosure report documents continued improvement in inventory and seriously delinquent mortgage rates Today, CoreLogic released its May 2015 National Foreclosure Report, which highlighted steep declines in completed foreclosures and foreclosure inventory, as well as the falling serious

Boston Posts Largest Foreclosure Increase in Nation

Boston’s foreclosure market has grown considerably in last year, according to RealtyTrac In the first half of 2015, foreclosure activity in the Boston metropolitan area jumped 29 percent from the same time period last year, according to RealtyTrac’s Mid-Year 2015 U.S. Foreclosure

CoreLogic: Affordability Returns to Boston

CoreLogic has released its May Home Price Index, revealing another month of positive gains. Marking 39 months of consecutive year-over-year gains, national home prices, both including and excluding distressed sales, increased 6.3 percent in May compared to the same

Boston Housing Starts Up 138% in 2015

Mayor Walsh has announced that the city of Boston has reached $1.65 billion in housing starts so far in 2015, a 138 percent year to date increase. Production rates have skyrocketed as Boston works to keep up with the steadily

Boston Rated One of Hottest Housing Markets in U.S.

Boston joins 19 other cities on hottest housing market list Boston ranked eighth in realtor.com‘s list of the Top 20 Hottest U.S. Real Estate Markets for June. The list compared listing views on realtor.com to the number of listings

Boston Surges in Labor Rankings

CareerBuilder releases new labor market rankings In late May, CareerBuilder released its second quarter Labor Market 150 Index, which attempts to evaluate and rank the country’s largest metros. Using data from the employment website’s data arm, EMSI, or Economic

Boston Residential Construction Strong in 2015

2015 shaping up to be good year for new construction in Boston Residential construction spending in the Boston area was down 1 percent year-over-year in May, but so far in 2015 is 23 percent ahead of where it was last year. Those were the two

Boston Rents Stay Strong in Second Quarter

How has Boston’s rental market developed in 2015’s second quarter? New data from Reis provides some perspective. Boston’s rental market has been one of the hottest in the nation, and new numbers from Reis on the second show show that trend

Distressed Sales Defy National Trend, Rise in Massachusetts

Over the last year, distressed home sales have become far less prominent in Massachusetts’ housing market Distressed sales throughout Massachusetts comprised 13.1 percent of all home sales in May, an increase from the 12.2 percent market share of a year ago, according to RealtyTrac’s

Boston Home Prices Rise Moderately in Case-Shiller

Home prices positive in latest Case-Shiller, but are there signs of a slow down? Home prices in the Boston area posted lukewarm gains in Standard & Poor’s latest Case-Shiller Home Price Indices, rising 0.3 percent from March to April and 1.8 percent from April

Negative Equity Still a Problem in Boston

Progress has been made on negative equity front, but troubling trends persist In the Boston housing market, 8.5 percent of mortgage holders remain underwater, and a majority will not reach positive equity for some time. That was the sobering finding of latest

305 Microlofts at Commoncove Recently Opened for Previews

This June, the 305 Microlofts at Commoncove opened for previews. Located in Chelsea, these remarkable units were designed by Kevin Saba, who has 30 years of experience creating living spaces. This development is part of a broader, more serious

Boston’s Inventory Blues Worsen

In May, Boston’s housing inventory fell, while affordability worsened and sales declined – sound familiar? Single-family housing inventory in the Greater Boston area fell 16 percent year-over-year in May to a 3.3-months supply, while condo inventory dropped 16.7 percent

Why so Few Renters are Buying Homes

Many wonder why renters are not buying homes at a higher rate, but when one analyzes the numbers, it makes perfect sense. First, there was the notable study from John Burns Real Estate Consulting, which found that only 14.7 percent

Millennials Priced Out of Boston

Boston one of the least affordable cities for Millennials The average Millennial can’t afford to live in Boston, according to the new Bloomberg Millennial Housing Affordability Index. Bloomberg L.P., a financial software and data company, compared the median home

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