The median price of a new home sold during the month was up 5.9%, however, according to figures from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Nationally, the median sales price slid 2.9% from June but rose 8.1% from July 2021, while closed transactions were down 16.6% on a monthly basis and 26.3% on a yearly one, RE/MAX said in its National Housing Report.

A recent decline in mortgage rates could return some purchasing power to buyers going forward, National Association of REALTORS® chief economist Lawrence Yun said. 

Compass revealed big losses — to the tune of $100 million — in its second quarter report. And as a result, the firm will no longer offer equity or cash incentives to new agents.

For the fifth month in a row in July, home sales declined nationally, including here in the Bay State, as home prices continued to rise.

July single-family home and condo sales continued to plummet last month as the market continued to cool.

The pace of housing starts for both single-family and multifamily residences was down on a month over month basis, the U.S. Department of Housing and Urban Development reported. 

WalletHub compared all 50 states across five metrics covering affordability, economy, education and health, quality of life and safety.

The NAHB/Wells Fargo Housing Market Index fell for the eighth straight month in August, as the key measure of builder confidence indicated a pessimistic outlook. 

Worcester had one of the highest rates of homebuyer competition in July

The Boston Planning & Development Agency approved the projects at its August meeting.

The Boston Planning & Development Agency has adopted a new policy requiring developers to disclose diversity, equity and inclusion plans for large projects when filing.

The brokerage’s new “communities” will provide its agents with specialized training, technology, coaching and referral opportunities. 

Homebuyers may catch a break this month as rates have come down nearly a point from the recent high on fears of a recession.

Sellers using Zillow may request and view an offer directly from Opendoor and compare it to an open-market sale with a real estate agent. 

Boston’s average monthly rent is $4,878, a 17.4% increase from the previous year.