The big drop in home sales last year wasn’t a sign the market is crashing It was a sign Massachusetts was coming off an unsustainable two years. Here’s what that means for the market in 2023.
Brokers’ and agents’ hopes are springing to life after a tough holiday season like the snowdrops popping up among the dead leaves across Massachusetts this month thanks to an unseasonably warm winter.
The Massachusetts real estate market has been one of the hottest in the country over the last 12 months, despite the overall cooling the last six months had as mortgage rates rose.
Fannie Mae’s and Freddie Mac’s respective economic forecast teams have issued their 2022 predictions, and both foresee a leveling off of last year’s meteoric home price growth across the nation’s housing markets.
Add Redfin’s top economist to the ranks of high-profile residential real estate observers who think 2022 is going to be a lot closer to a “normal” housing market.