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“Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity.” — NAR chief economist Lawrence Yun
The iconic home from “A Nightmare on Elm Street” is prime Hollywood real estate. And it’s currently for sale.
Home-price gains were once again broadly distributed, as all 20 cities in the S&P CoreLogic Case-Shiller Home Price Index rose, although in most cases at a slower rate than a month ago.
It’s been a more than a year and a half of technological innovation in real estate in response to the COVID-19 pandemic, and the Federal Housing Finance Agency has decided to make one tool — desktop appraisals — permanent.
At the same time, the increase in interest rates drove fewer borrowers to refinance their loans, according to the Mortgage Bankers Association.
The Boston Planning & Development Agency approved the Jamaica Plain development project at its October meeting.
Pet ownership increased dramatically during the pandemic. 73% of homeowners report at least one pet in the home.
“There simply aren’t enough homes for sale relative to the demand fueled by millennials armed with low mortgage rate-driven house-buying power.” — First American Deputy Chief Economist Odeta Kushi
The month also saw a slight shift in inventory, even though shortages continued.
Boston wasn’t the only Massachusetts town on the 2021 list. Both Worcester and Springfield also made the rankings.
The median existing-home price for all housing types in September was $352,800, up 13.3% on an annual basis, as every region in the country registered price increases.
September was another month for the record books in Massachusetts real estate as the median sales price for single-family homes and condos grew from last year and inventory levels continued to shrink.
Homebuyer demand remained consistent in September and despite another decrease in listings, there are indications the marketing is softening and sales prices may start to moderate.
The two family-owned franchises will bring 80 years of combined real estate experience to Boston’s Back Bay.
Freddie Mac plans to offer at least $3 billion in single-family affordable housing bonds to support affordable homeownership and serve historically underserved markets.
The decrease was driven by a 5.1% month-over-month slide in the rate of multifamily starts, while single-family construction was flat.
