National News

Mortgage applications continue falling in latest weekly survey 

The decrease comes as interest rates continue to climb, according to the Mortgage Bankers Association. 

Two more years until inventory bounces back, experts say

Housing inventory should reach pre-pandemic levels by the end of 2024, according to the results of Zillow’s latest Home Price Expectations Survey. More than 100 market experts and economists weighed in to predict upcoming trends.

Pending-home sales down for fourth month in a row 

“Buyer demand is still intense, but it’s as simple as ‘one cannot buy what is not for sale.” — National Association of REALTORS® chief economist Lawrence Yun  

New-home sales fall again in February 

Affordability and supply-chain issues continued to weigh on the sales of new single-family residences.

NAR Generational Trends Report shows millennials make up 43% of homebuyers

What does the current generation of homebuyers and sellers look like? How old are they and how are they doing business? NAR has answers.

Did your home earn more than you did last year?

Home value appreciation was greater than median annual earnings in most U.S. metro areas in 2021, a new Zillow report found, and Boston was no exception.

Expect more growth in the home renovation industry, Houzz reports

Houzz, the home remodeling and design platform, has released its annual U.S. State of the Industry report which reveals a four-year high in revenue growth.

Existing-home sales swing back to negative territory in February 

The median existing-home price for all housing types in February was $357,300, up 15% from a year before, as median prices rose in each region.    

New-home construction picks up in February  

“More groundbreaking is welcome news for a supply-starved housing market.” — First American deputy chief economist Odeta Kushi 

Builder confidence falls on supply-chain issues, construction costs 

The measurement of six-month sales expectations among homebuilders took an especially negative turn in March, according to the National Association of Home Builders. 

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