National News

Boston rents increased from last year while nationwide rents level off

  Boston rents increased 4.0 percent in the past year to an average of $2,351, according to the March Zillow Real Estate Market Report. From 2015 to 2016, rent in Boston increased 5.4 percent. Rents rose only 0.7 percent nationwide compared to

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Single-family housing development to outpace multifamily, report says

  More investors and lenders are predicting an increase in single-family housing development that will outpace multifamily buildings, according to the 2017 Akerman U.S. Real Estate Sector Report. Of those surveyed, 43 percent said single-family homebuilding will be the most active

Housing affordability index down nationwide

  Housing affordability is down nationwide as mortgage rates have increased in February, according to The National Association of Realtors’ latest affordability index. Housing affordability declined 8.7 percent from 175.9 in February 2016 to 160.6 in February 2017. The

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5 facts that describe Generation X homebuyers

With all the talk of Millennials and how they fit into the housing market, Generation X doesn’t get a lot of attention as a home-buying population. Gen X-ers, aged 37 to 51 years, make up the second largest share

Millennials don’t want to be tied down by homeownership, study shows

There are a number of possible reasons why Millennials are not buying homes. That they don’t make enough money and are too saddled with debt are common explanations. While those things are true, a new study puts some numbers

New construction: bigger homes, smaller lots

  New homes are getting bigger, which has helped in balancing out price appreciation while the market sees low inventory and high demand, reports CoreLogic Chief Economist Frank Nothaft, based on Census Bureau data on new residential construction.   What’s changed?

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Boston sees second highest drop in homes for sale in March

Homes sold faster this March than any other March in seven years, thanks to rising demand and still-shrinking inventory, according to Redfin’s recent housing market report. Home sales jumped 9 percent in March when compared with March 2016, even as

Vacation home sales plummet

Vacation home sales have dropped significantly, according to a recent study by the National Association of Realtors. Only accounting for 12 percent of all transactions in 2016, vacation home sales fell to an estimated 721,000 transactions—the lowest since 2013 (which saw

Tesla announces new residential solar products set to hit the market by the end of 2017

  Tesla announced their new solar panels on their website last weekend, offering an alternative option from their solar roof tiles released last fall, which Tesla will begin taking orders for this month. The panels are expected to have an install

The real story behind the nationwide housing shortage

A nationwide inventory shortage is hampering the housing market’s growth, but the shortage isn’t uniformly affecting every market. In fact, a market is more likely to have a housing shortage if its housing prices have recovered to pre-crash highs,

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Affording a down payment is biggest hurdle to homeownership, Bostonians say

About 70 percent of renters say securing enough cash for a traditional down payment is the biggest obstacle to buying a home, according to a study by Zillow. With an average mortgage payment costing less on a monthly basis

Consumers recognize seller’s market with rising home prices

  Housing confidence fell 3.8 percentage points in March following a survey high in February, according to Fannie Mae’s Home Purchase Sentiment Index ®. The net share of Americans who say it is a good time to buy fell

5 facts that explain Older Boomers’ homebuying habits

With all the talk of Millennials and how they fit into the housing market, retirement-age Baby Boomers don’t get a lot of attention as a home-buying population. The numbers show, however, that “Older Boomers” aged 62 to 70 years

Average mortgage size reaches record high

The average mortgage size is $318,200, which is the largest it has been in the 27-years of The Mortgage Bankers Association’s weekly purchase loan data survey. There are multiple factors leading to higher mortgages in the United States beyond larger

Federal housing laws protect LGBT citizens, court rules

LGBT people have protection against housing discrimination under the Federal Fair Housing Act, a federal judge ruled for the first time last week. The federal law prevents landlords from refusing to rent or sell housing to anyone based on

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9 stats that show homebuyers want green technology

Sustainability and an environmentally friendly community are amenities that more and more homebuyers are looking for, according to a recent survey by the National Association of Realtors. Here is perhaps the most obvious sign that green technology is a

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