News / Features
Home-price growth remained in double digits for the 10th straight month in May as inventory lows pushed the median listing prices up 15.2% from last year.
Housing inventory also saw an increase from year-ago levels last month.
The new corporate sponsorship makes certain training, resources and networking opportunities available to RE/MAX agents.
Special questions added to the National Association of Home Builders’ monthly builder survey found 90% or more of respondents had experienced shortages of plywood, oriented strand board, framing lumber and appliances, with most other materials also hard to come by.
Phase one of the $1.4 billion project is expected to get underway this winter.
The COVID pandemic has caused a shakeup in where, and how, many people work. That has helped propel a thriving housing market.
The proposal calls for the construction of two six-story residential buildings at the Bennington Street property, which was destroyed by a fire in 2019.
Of the 99 million residential properties in the U.S., approximately 1.4 million (or 1.4%) are vacant this quarter, with “zombie” home rates increasing both quarterly (21%) and annually (5.6%).
More than half of home sales on the Cape closed above list price in April, while days on market decreased, according to the Cape Cod & Islands Association of Realtors.
The number of Asian-headed households grew 83% in the past two decades, but economic inequality and inequity between different Asian ethnic regions is still an issue.
“Demand is robust throughout the country, but homebuyers continue to be held back by the lack of homes for sale and rapidly increasing home prices.” — MBA Associate Vice President of Economic and Industry Forecasting Joel Kan
City life is reawakening after a year marred by the pandemic, but that doesn’t mean the resurgent demand for homes in the neighboring suburbs is coming down any time soon.
First-time homebuyers found their long-term plans changed due to COVID.
Median home sales prices in Massachusetts continued to rise in April due to strong buyer demand and record-low inventory.
Mary L. Cataudella has joined Touchstone Closing as a new partner, bringing to the firm her more than 25 years of experience.
The pace of housing-price gains in Boston quickened in March, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which showed a 2.6% increase from February and a 14.9% increase from a year earlier, compared to a gain of 0.9% the previous month.
