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.
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.
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.
“More groundbreaking is welcome news for a supply-starved housing market.” — First American deputy chief economist Odeta Kushi
The measurement of six-month sales expectations among homebuilders took an especially negative turn in March, according to the National Association of Home Builders.
“Investors are weighing the impacts of rapidly increasing inflation in the U.S. and many other parts of the world against the potential for a slowdown in economic growth due to a renewed bout of supply-chain constraints.” — MBA associate vice president of economic and industry forecasting Joel Kan
The company has named Paul Hurst its chief innovation officer, a new role that reports directly to CEO Ken DeGiorgio.
Of the homes that went under contract during the four weeks ended March 6, 58% had an accepted offer within the first two weeks of going on the market, and 45% had an accepted offer within just one week, Redfin reported.
Paul Ratha Yem is a Massachusetts real estate broker and former Cambodian refugee who sees parallels between his story and the women and children escaping war-torn Ukraine.
Foreign buyers accounted for less than 2% of U.S. residential real estate transactions last year, and Russian buyers accounted for less than 1% of those, the National Association of REALTORS® reported.