News / Features
“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.
The pace of home sales has quickened this spring and it’s not just the highly sought-after entry-level home enjoying the brisk sales pace.
Housing records continue to be broken, but despite the strong numbers, data could indicate homebuyer demand is reaching a peak.
Higher income, backed up by lower mortgage rates, has expanded the reach of the average homebuyer, but an increased demand for homes has concurrently driven up prices, negating two of the three main factors in First American Financial Corp.’s Real House Price Index.
The number of sales, as well as the price of single-family homes and condos, continued to rise in the Boston area last month.
Existing-home sales slid for the third month in a row in April, declining 2.7% from March to a seasonally adjusted annual rate of 5.85 million, according to the National Association of Realtors.
Massachusetts home and condo sales hit new records in April and for the first time, the median single-family home price surpassed $500,000.
The limited inventory that has plagued the housing market continued, although at an abated pace.
Former Daniel Gale Sotheby’s International Realty COO Deborah Hauser has joined the real estate advisory and investment firm.
A recent NAHB survey shows that regulatory costs imposed by the government account for $93,870 (or 23.8%) of the current price of new homes.
Boston was the leader in the northeast region for the largest share of equity-rich homes.
