A shortage of existing inventory continues to drive buyers to new construction. 

Home prices eased across Greater Boston last month as the spring market got off to a cooler start than usual, according to the Greater Boston Association of REALTORS® April housing market report. 

Multiple-offer situations have returned with the spring buying season while distressed and forced sales are “virtually nonexistent,” the National Association of REALTORS® said.

Massachusetts single-family home and condo prices fell for the first time since 2018, according to a new Warren Group report.

The hire follows the December 2022 firing of the homebuilder’s senior vice president for field operations, who had been tapped to become COO on Jan. 1. 

Single-family permits also posted a gain, indicating even more new homes are headed to today’s supply-constrained housing market. 

Despite a dip in median sale prices, housing inventory continues to be an issue across Massachusetts, and there are no signs of the market softening anytime soon.

Homebuilder optimism was buoyed by continued shortages of new housing inventory, the National Association of Home Builders reported. 

Lawrence has a median price per square foot of $254, a 60% difference compared to Boston.

Realtors will be required to complete two hours of training every three years beginning in 2025. 

Boston’s April average home value and pending sales rose from March as new inventory fell

The mortgage industry decried the proposed loan-level pricing adjustment for borrowers with higher debt-to-income ratios. 

A recent study used MLS data from 200 U.S. cities to determine which city offers the most square footage for $1,500 per month.

Interest rates on mortgages of all types declined last week, spurring an uptick in borrowing, the Mortgage Bankers Association reported. 

Price hikes are slowing down and inventory is up — generally — but less expensive homes are bucking larger market trends. According to Zillow, the price of bottom-tier homes increased 8% year over year, while bottom-tier inventory increased just 1%.

Redfin has launched a ChatGPT plug-in to help buyers find their new home, a potentially powerful tool in their arsenal as today’s homebuyers work to find the perfect home.