Home-Sellers’ Profit Margins in New England Vary
Home-sellers’ profit margins in Greater Boston were down from 81.8 percent in the third quarter of 2024 to 70 percent during the third quarter of this year.
Home-sellers’ profit margins in Greater Boston were down from 81.8 percent in the third quarter of 2024 to 70 percent during the third quarter of this year.
As foreclosure activity is picking up across the nation, the same can’t be said in New England.
With home flipping profit margins hitting a 17-year low, the Boston area is seeing little home flipping activity.
Foreclosure activity is increasing across the United States, and Massachusetts is among the many states seeing increased activity.
Sellers in Massachusetts are holding onto their homes for longer than the rest of the nation.
In Massachusetts, there was a 30 percent quarterly increase in flips, even as flipping activity has taken a downturn nationwide. It shows how unsettled real estate markets are.
Data analytics firm Attom released its first quarter home flipping report, finding that profits from flipped sales are down compared to last year.
In 2025, renting will be more affordable for the majority of Massachusetts residents compared to purchasing a home, according to a new analysis.
An index maintained by data firm ATTOM shows that every area of Massachusetts got less affordable over the last year. The North Shore and Merrimack Valley were hit hardest.
Homebuyers in New England looking to get the best deal on their new home should do so during the chilliest time of the year, a new analysis says.
Local home flippers are out-earning their peers in other parts of the country, but their raw profits represent a much smaller share of their projects’ final sale prices.
Small-time investors who flocked to the housing market in recent years have done well. But it’s now time to sell, said one of the nation’s top housing economists.
Most of Massachusetts appears fairly well-insulated from home price declines should a market downturn take hold, a new analysis says.
Yes, the combination of rising mortgage rates and house prices are probably insurmountable for many young homebuyers. But new research has found that what’s really holding many of them back is the truckload of debt they’re carrying.
Experts say that a 2008-style housing crash is unlikely to happen now, if only because lending standards are much tighter than they were prior to the Great Recession. Still, foreclosures are starting to tick upward.
Nobody likes getting tax bills, especially homeowners who are burdened with ever-escalating local property taxes. Last year, property taxes collected by local and state governments rose by an average 6 percent – $293.4 billion in total – almost three times the annual rate of inflation.